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Have you ever lost money because a client didn’t pay? I know the pain all too well. In this video, I share my journey of losing nearly $20,000 due to clients not paying and how I turned those hard lessons into essential practices for my bookkeeping business. I’ve made the mistakes so you don’t have to. I’ll walk you through my stories, the reasons why I didn’t get paid, and, most importantly, the lessons I learned that changed my business for good. Chapters: 0:00 Introduction 0:25 How Much I Lost 1:27 Why I Didn't Get Paid 3:10 The Biggest Lesson I Learned 4:20 Conclusion Subscribe: Never miss a new video! Subscribe here: https://bit.ly/5MB_YT_Sub Join my Free Community: Get support, tips, and connect with 25,000+ bookkeepers in my free FaceBook community: https://bit.ly/fbgroupvw Join My Mailing List: Stay in the loop with my monthly news, free resources, webinars, and special course discounts when you join my mailing list: https://veronicawasek.kit.com/content Free resource: Get all my essential templates, checklists, and tools in one place inside The Virtual Bookkeeper’s Toolbox: https://bit.ly/bktoolbox Recommended Resource: Turn awkward sales calls into signed clients with The Bookkeeper’s Sales Script Vault: https://bit.ly/5mb-vault Learn with 5MB Academy: Transform your bookkeeping business with my step-by-step courses and resources at 5MB Academy: https://www.5mbacademy.com\ **Save 10% on all courses using discount code TENOFF at checkout** Recommended Apps & Partners: **Manage client communications and bookkeeping workflows with ease using the Double (formerly Keeper). Get 20% off the first 3 months by signing up with this link: https://doublehq.com/?via=veronicawasek **Simplify client proposals and payments with Anchor and get a $50 credit when you sign up: https://join.sayanchor.com/Gywsja Find all of my favorite tools and affiliate recommendations in one place: https://veronicawasek.com/recommended... Follow Me on Social Media: Facebook: / veronicawasek Instagram: / veronicawasek Disclaimer: The information in this video is for educational purposes only. It is not intended as legal, tax, or accounting advice. Please consult with a qualified professional for advice specific to your situation. Copyright: © 2025 Veronica Wasek – 5MB LLC. All rights reserved. **Disclosure: I may earn a small commission if you purchase through these links, at no extra cost to you. I only recommend tools and affiliate partners I trust. #VeronicaWasek, #5MinuteBookkeeping, #5MBAcademy, #VirtualBookkeeping, #BookkeepingBusiness, #BookkeeperGrowth, #BookkeepingSuccess, #BookkeeperTips, #SmallBusinessAccounting, #WorkFromHomeBookkeeper