Why should I hire a bookkeeper?
A bookkeeper will lower your risk of an audit, late payments, human errors, tax penalties, and cash flow issues. Many of these issues will cost you way more than hiring a bookkeeper. A bookkeeper wears many hats, even serving as a mediator between business partners, spouses, and vendors.
But I have an accountant. Why do I need a bookkeeper?
The more time an accountant spends chasing down the detail that proper bookkeeping provides, the less time they have to devote to what they do best: examining your financial records and making recommendations on how your business can run more efficiently. Having flawless data month after month makes an accountant much more effective.
Also consider, what’s the cost of your time? You may not have an ‘hourly rate’, but every minute you spend chasing down receipts is time not spent on your business, doing what you do best.
Perfect financial records from the get-go means less time spent picking through them later (say, at tax-time). Your accountant (and you
What is the difference between accounting and bookkeeping?
Bookkeeping and accounting are often heard being used interchangeably, however, accounting is the overall practice of managing finances of a business or individual, while bookkeeping refers more specifically to the tasks and practices involved in recording the financial activities.
What is the difference between a corporation and a proprietorship?
A sole proprietorship is where the single owner operates the business. A partnership is similar, however, it is owned by two or more individuals. A corporation is a legal entity separate from the owners of the business. If you’re incorporated, you would have ‘Articles of Incorporation", you need to register for a business number and can also register a trade name.
What are your service fees?
Our fees are customized to your needs. Depending on what your needs are we have hourly, flate rates and project based fees. All fees are discussed up front so no surprises come your way.
Why do I have to sign an engagement letter?
Engagement letters help set expectations and define the business contract between a professional firm and its clients. It outlines the fee structure, responsibilities and obligations of the accounting firm and its client. An engagement letter must be signed by authorized representatives of both parties before it is considered to be a legally binding arrangement. Since this letter is treated as a contract, it should address the obligations of both parties.
Why choose Quickbooks Online?
QuickBooks Online allows you to work more efficiently with additional ease of use features that are not available with QuickBooks Desktop.* QBO is easy to set up, learn and use. With three different plans levels, you can choose exactly the right plan for your business.
I am already using Quickbooks desktop or Sage 50. Why would I go through all the effort to switch to Quickbooks online?
The biggest difference between Online vs. Desktop is that QuickBooks Online requires no installation on a computer, operating as web-based software, whereas Desktop does—it’s a locally installed platform. Plus, converting to QBO is easy. Intuit can do the conversion for you in just a few days. Or if you are tech savvy QBO have built in import features to make the transition super easy.