Frequently asked questions
Bookkeeping focuses on recording and organizing financial data, including tasks such as invoicing, billing, payroll and reconciling transactions. Accounting is the interpretation and presentation of that financial data, including aspects such as preparation for tax returns, auditing and analyzing performance.
A virtual bookkeeper provides bookkeeping services remotely, where you can share your financial information with them through various means such as online, cloud-hosted platforms, or locally on your computer. Depending on your preferred schedule for bookkeeping updates, we can offer daily, weekly, bi-monthly, monthly, quarterly, or annual services. The day before our scheduled update, you must submit all relevant documents related to bookkeeping, bills, and checks written.
Certainly! It's common for business owners to fall behind on their bookkeeping, even if they have been doing it themselves or have hired other help. As a new client, we conduct a comprehensive audit of your books and provide you with a report outlining the updates and cleanup required, if any, along with a quote and timeline. As we start working together, we will customize your chart of accounts and financial reports to suit your business's unique needs. We can also suggest upgrades to your systems and processes that integrate with our cloud-based approach.