Our Bookkeeping Faq's

1. What is bookkeeping, and why is it important for my business?

Answer: Bookkeeping is the process of recording and tracking financial transactions, categorizing them into appropriate accounts, and maintaining accurate and up-to-date financial records. It is important for your business because it allows you to monitor your financial health, make informed decisions, and stay compliant with tax laws and regulations.

2. How do you ensure the accuracy of my financial records?

Answer: We use advanced bookkeeping software and tools to ensure the accuracy of your financial records. We also have a team of experienced bookkeepers who are trained to spot errors and inconsistencies and correct them promptly.

3. What financial statements do you provide, and how often?

Answer: We provide financial statements such as balance sheets, income statements, sales tax statements, and cash flow statements. The frequency of the statements can vary depending on your business's needs, but we typically provide them monthly or quarterly.

4. How do you ensure compliance with tax laws and regulations?

Answer: We stay up-to-date with all relevant tax laws and regulations to ensure that your financial records are accurate and compliant. We also work closely with your tax professional to provide them with the information they need to prepare your tax returns.

5. Can you customize your bookkeeping services to fit my business needs?

Answer: Yes, we offer personalized and customized bookkeeping services that are tailored to your specific business needs. We work closely with you to understand your business and provide the services that will benefit you the most.

6. How do you collaborate with my other financial professionals?

Answer: We work closely with your other financial professionals, such as your accountant or financial advisor, to ensure that your financial strategy is aligned and optimized for your business. We share information and collaborate to ensure that your financial goals are being met.

7. How do you ensure the security of my financial data?

Answer: We take the security and confidentiality of your financial data seriously. We use the latest encryption and security protocols to ensure that your data is safe and protected at all times.

8. How do you handle bank reconciliations and credit card accounts?

Answer: We reconcile your bank statements and credit card accounts regularly to ensure that your financial records are accurate and up-to-date. We identify any discrepancies and correct them promptly.

9. How do you analyze financial data to identify trends and areas for improvement?

Answer: We use advanced financial analysis tools to analyze your financial data and identify trends and areas for improvement. We provide you with insights and recommendations to help you make informed financial decisions.

10. How do you provide support and guidance to help me make informed financial decisions?

Answer: We provide regular reports and updates to keep you informed about your company's financial health. We also offer support and guidance to help you make informed financial decisions that will benefit your business.

11. How do you ensure that your bookkeeping services are aligned with my business goals?

Answer: We work closely with you to understand your business goals and provide bookkeeping services that are aligned with those goals. We monitor your financial data and provide insights and recommendations to help you achieve your goals.

12. How do you bill for your bookkeeping services?

Answer: We offer flexible billing options for our bookkeeping services. We can bill on an hourly basis or provide fixed bi-weekly or monthly pricing depending on your business needs. We will work with you to determine the most cost-effective and efficient billing arrangement for your business.