Frequently Asked Questions on Bookkeeping
What are the responsibilities of a bookkeeper?
A bookkeeper is responsible for maintaining accurate financial records, including reconciling bank and credit card statements, creating financial reports, and ensuring that financial transactions are recorded in a timely and accurate manner.
What's the difference between bookkeeping and accounting?
Bookkeeping is the process of recording and maintaining financial transactions, while accounting is the process of interpreting, classifying, analyzing, reporting, and summarizing financial data.
What services do you offer for bookkeeping and accounting?
We offer a range of bookkeeping and accounting services including bank and credit card reconciliations, providing financial statements, setup and review of accounting systems or processes, recording and reviewing monthly transactions, and budget review.
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How do you ensure the security and confidentiality of my financial information?
We use a secured platform to send and receive financial information. The client will have access to the individual folders with his/her own login credentials.
Can you integrate with our current accounting software?
Yes, we can integrate with a variety of accounting software such as QuickBooks, Xero, and Wave. Currently, all of our clients use Quickbooks, however, we have experience using other software.
What is your pricing structure for your services?
Our pricing structure is based on the volume and complexity of transactions, and the level of service required.
We can provide a customized quote based on your specific needs.
How often will we receive financial statements and reports?
We will work with you to determine the frequency of financial statements and reports that best suits your needs, whether it be monthly, quarterly, or yearly. We often times recommend providing financial statements monthly.
Do you have any certifications or qualifications?
Yes. We are a Chartered Certified Accountant and a Fellow of a Global professional accounting body “The Association of Chartered Certified Accountants (ACCA)”, in the United States and London. The CEO Jennifer, has over 25 years of experience and also holds an MSC in professional accountancy from the University of London and is a Certified Quickbooks Proadvisor.
How long will I need a professional bookkeeper?
Bookkeeping is an ongoing, integral part of your business. It is important that the work be maintained to provide you with essential reports to see the financial status of your company.
Why should I outsource bookkeeping?
Most small and medium-sized business owners do not have the knowledge, time, or ability to effectively perform their bookkeeping duties. Outsourcing a bookkeeper will provide you with the time required to focus on your business’s operations.
Experience Hassle-Free Bookkeeping
Experience the difference with our professional bookkeeping services. We’re here to help you streamline your finances, save time, and make informed decisions for your business. Take the first step toward financial success today