FREQUENTLY ASKED QUESTION
What is bookkeeping, and why is it important?
Bookkeeping involves recording and organizing financial transactions for a business. It is essential because it helps maintain accurate financial records, ensures compliance with tax laws, and provides insight into the company’s financial health.
How does bookkeeping differ from accounting?
Bookkeeping focuses on recording daily transactions, while accounting involves interpreting, classifying, and analyzing the data to generate financial statements and reports for decision-making.
What services do you offer as a bookkeeping firm?
We provide a range of services, including transaction recording, payroll management, bank reconciliation, financial reporting, tax preparation, and expense tracking.
How often should I update my financial records?
It's ideal to update your records daily or at least weekly. Regular updates help ensure accuracy and make it easier to spot discrepancies before they become bigger issues.
Can bookkeeping help with tax preparation?
- Yes, accurate bookkeeping helps ensure that all income, expenses, and deductions are recorded correctly, making tax preparation much smoother and ensuring compliance with tax regulations.
Do I need bookkeeping if I have a small business?
Yes, even small businesses benefit from bookkeeping. It helps you track your income and expenses, making financial management easier and ensuring that you're ready for tax season.
How can I ensure my financial data is secure?
We use encrypted software and secure cloud storage to protect your data, ensuring that all sensitive financial information remains confidential and protected from unauthorized access.
How much do your bookkeeping services cost?
Our pricing depends on the size of your business and the complexity of the work. We offer tailored packages that meet your business’s needs, with flexible pricing to fit your budget.
Can you help me if my books are behind?
we offer catch-up bookkeeping services to bring your financial records up to date, no matter how far behind they are, and ensure everything is ready for future reporting.