Bookkeeping Services FAQs

Q: What is a bookkeeper?
A: A bookkeeper can have many roles/responsibilities but generally will categorize monthly transactions to their correct classification, reconcile all accounts to the bank, credit card or loan statements, and compile this information into a set of monthly financial statements for management’s review.

Q: What is a “set of books” for a business?
A: While this term can have many different meanings, a set of books generally will include an income (profit and loss) statement, balance sheet, and sometimes a statement of cash flows and general ledger.

Q: How much do bookkeeping services cost?
A: Every business’ bookkeeping needs are different, but we generally charge either an hourly or monthly rate. We offer transparent fair pricing and free estimates, so you know exactly what to expect. Schedule a free discovery call and we’ll be happy to provide you with an estimate.

Q: Why do I need a bookkeeper?
A: Having up-to-date monthly financials equips you to make smarter decisions about your business because you’ll know where your income is coming from, understand your costs and profitability, and know how to effectively budget and manage cash-flow.

Q: Can bookkeeping help me save on taxes?
A: Absolutely. Most tax decisions must be made in that current year (not the following year when taxes are filed), so having up-to-date financial information will allow you to proactively tax plan rather than being surprised by an unexpected large tax bill.

Q: Is bookkeeping a requirement for a business?
A: No, it is not a requirement for all businesses, but for LLC’s and similar entities, having a timely and accurate set of books is a legal requirement.

Q: Do I have to have accounting software for my books?
A: Accounting software is certainly not a requirement, but utilizing accounting software will help streamline the process and ultimately make the entire process more cost effective.

Q: Is my information secure?
A: Yes, we take personal data security very seriously and prioritize the safety of your information. Our platform uses industry-standard encryption protocols to protect your data.