It's probably easier for me to say who this WON'T work for:

If your business needs detailed Accounts Receivable records in your bookkeeping software (not just what your CRM/invoicing tool provides), YNAB is probably not for you -- though you can do basic, manual AR tracking if you'd like.

YNAB will also not be able to help you with managing inventory, processing payroll, sending out tax payments, tracking mileage, or depreciating assets like some other more robust bookkeeping tools can do. Also, if you need to track or report your financials in accrual-basis, you'll either want to use a different system OR be comfortable converting the data when necessary. You should know who you are if any of these applies to you!

If you have a fairly straightforward cash-basis business with cash inflows and outflows through your bank account(s) or credit card(s), YNAB can help you manage that for your budget AND your bookkeeping. Generally speaking, this includes most online service providers, coaches, and digital product creators.

You absolutely can! Just know that this is not going to teach you how to be a bookkeeper, it will simply show you how to adapt YNAB for bookkeeping purposes assuming you already have a fundamental understanding of bookkeeping.

Beyond just updating the training to remove references to now-archived More With Money content and reflect the most up-to-date version of YNAB, I want to add several more valuable elements to this training. In fact, I'd like to convert it into a comprehensive mini-course instead of a single masterclass!

I'm going to add more foundations for how to use YNAB, in case you're not already familiar with it, and how the budget side can bookkeeping side can work together.

I'm also going to spend more time on fundamental bookkeeping and self-employment tax concepts, so you can make the most of your DIY bookkeeping experience or be sure to stay informed even as you outsource.

I would also like to cover a few more nuanced scenarios that could arise in your bookkeeping and how to address them in YNAB!

Nope! This Masterclass promises to teach you how bookkeeping can be done in YNAB, and it will do that independently of your decision to use it. If you have any concerns before purchasing the training about its relevance to you, send me an email at katie@morewithmoney.com and I'll be happy to chat about it and help you make an informed decision.

While I am several years removed from the industry, I am a former accountant, tax preparer, and bookkeeper! This means I have a pretty good idea of what both the IRS and your tax preparer want from your financial records, which informs everything we do in creating your YNAB bookkeeping system.

Nope, everything taught here is still relevant to YNAB! Mostly, YNAB's updates just cleaned up the look of some of the features or changed their names, but everything works the same. The text notes will help clear up any inconsistencies until I can record the updated version of the Masterclass for you!

Generally, yes, as long as you don't need to track your finances on an accrual basis (or you don't mind converting for tax time). YNAB is best for cash-basis bookkeeping.

Be sure to double-check any specific tax reporting requirements in your region -- the best way to do this is to review the tax form that you're reporting your income and expenses on and compare it to what's discussed in this training. Otherwise, basic cash flow management on inflows vs outflows works similarly around the globe!

Also, do keep in mind that YNAB is not always able to connect to certain financial institutions for automatic transaction import. They have stronger banking integrations in the U.S., but they have been expanding to Canada, the U.K., and the EU, and are working on more. If this is a non-negotiable feature for you, sign up for a free trial of YNAB and go to add an account to see if your bank connects. Or, you can email me (katie@morewithmoney.com) the name of your financial institution and I'll use my own account to check for you!