Frequently Asked Questions
Why do I need a bookkeeper if I can see my bank balance?
Your bank balance only tells you how much money is in your account today. It doesn't necessarily tell you how profitable your business is, what you owe, what customers owe you, or whether your business is financially healthy.
Proper bookkeeping organizes your financial information so you can see the bigger picture—not just what's in the bank.
How often should my books be updated?
The right frequency depends on your business and how many transactions you have. Many businesses benefit from having their books updated monthly, while businesses with higher transaction volume or more complex finances may benefit from more frequent bookkeeping.
The important thing is that your books are kept current enough for you to make timely decisions based on accurate information.
What is the difference between a bookkeeper and a CPA?
A bookkeeper typically focuses on maintaining and organizing your day-to-day financial records, while a CPA may provide services such as tax preparation, tax planning, auditing, and other accounting services.
Bookkeepers and CPAs often work together. Your bookkeeper keeps your financial records organized throughout the year, making it easier for your tax professional to prepare your taxes.
Do you prepare my taxes?
Bookkeeping and tax preparation are separate services. As your bookkeeper, I focus on keeping your financial records accurate and organized throughout the year.
I can work alongside your CPA or tax professional by providing accurate, up-to-date financial records and reports when it's time to prepare your tax return.
What bookkeeping software do you use?
I primarily work with QuickBooks Online and can help keep your books organized and up to date within the platform.
If you're already using QuickBooks Online, I can work with your existing account. If your books need cleanup or organization, we'll first determine what needs to be addressed.
How much does bookkeeping cost?
Bookkeeping fees vary depending on factors such as the size of your business, transaction volume, the condition of your existing books, and the services you need.
After learning more about your business and bookkeeping needs, I can provide a customized quote based on the scope of work.
Is my financial information kept confidential?
Yes. Protecting your financial information is extremely important. Your business's financial records and information are handled with professionalism and confidentiality.
What financial reports will I receive?
The reports you receive depend on your business needs. Common financial reports include:
Profit and Loss Statement
Balance Sheet
Accounts Receivable reports
Accounts Payable reports
These reports can help you understand how your business is performing and give you information you can use to make better financial decisions.
Have more questions? Our blog is full of helpful tips and insights to help you better understand your business finances and bookkeeping.