Questions
Answers to the questions small business owners ask about bookkeeping, how we work, and what to expect.
What does a bookkeeper actually do for a small business?
A bookkeeper categorizes transactions, reconciles bank and credit card accounts, and produces accurate financial statements each month. The result is organized records you can use to make decisions and a smooth tax season.
Read answerHow often should a small business reconcile its books?
At minimum, reconcile monthly. But weekly is better for most small businesses because it keeps errors small, makes bank feeds easier to review, and gives you financial information you can actually act on.
Read answerWhat's the difference between bookkeeping and accounting?
Bookkeeping is the daily recording and organizing of financial transactions. Accounting involves interpreting that data for tax filing, strategic planning, and compliance. Most small businesses need both, starting with consistent bookkeeping.
Read answerHow do I know it's time to outsource my bookkeeping?
If you're months behind on your books, can't confidently answer basic questions about your business finances, or spending hours on bookkeeping instead of running your business, those are strong signs it's time to hand it off.
Read answerWhat should I expect to pay for monthly bookkeeping services?
Most small businesses pay between $200 and $800 per month for bookkeeping, depending on transaction volume, number of accounts, and industry complexity. The baseline should include transaction categorization, reconciliation, and monthly financial statements.
Read answerWhat are the most common bookkeeping mistakes small businesses make?
Mixing personal and business transactions, falling behind on reconciliation, and miscategorizing expenses are the ones that cause the most damage. These mistakes compound over time and create real problems at tax time.
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