Questions
Answers to questions small business owners ask about bookkeeping, taxes, and keeping financial records in order.
What does full-service bookkeeping include for a small business?
Full-service bookkeeping includes transaction categorization, bank and credit card reconciliation, and monthly financial reports. Pricing typically starts at $199 per month and depends on your transaction volume.
Read answerHow often should a small business reconcile bank and credit card accounts?
Monthly is the standard for most small businesses. Bank feeds pull transactions automatically but don't catch duplicates, uncategorized items, or missing entries. Monthly reconciliation is the checkpoint that keeps your books accurate.
Read answerWhat financial reports should a business owner review every month?
Every business owner should review the profit and loss statement, balance sheet, and a cash flow or cash position report each month. Add accounts receivable aging, accounts payable aging, and budget-versus-actual if you work with a budget.
Read answerHow do I know if my books are too messy to file taxes?
Warning signs include unreconciled bank accounts, mixed personal expenses, old undeposited funds in QuickBooks, negative balances, and unexplained loans or transfers. If you can't trust your financial statements, a tax preparer won't be able to work with them without cleanup first.
Read answerHow far back can catch-up bookkeeping clean up old QuickBooks records?
Catch-up bookkeeping can cover months or years of old records. The real limit isn't time but documentation. Bank statements, receipts, the condition of your QuickBooks file, and tax deadlines determine what's possible.
Read answerWhat records should I gather before hiring a bookkeeper?
Gather your bank and credit card statements, any accounting software access, prior tax returns, and supporting documents for income and expenses. Having these ready helps your bookkeeper get started faster and keeps costs down.
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