FREQUENTLY ASKED QUESTIONS
Do I Need A Bookkeeper If I Have An Accountant?
Yes. Accountants and Bookkeepers perform different task. Bookkeepers are responsible for the hands on day-to-day financial activity. Whereas Accountants takes the information the bookkeeper has complied and uses it to provide Tax Services and Financial Planning.
A Bookkeepers responsibilities include:
Keeping track of company's expenses
Processing payroll
Paying the bills
Submitting & Tracking invoices
An Accountants responsibility includes:
Analyzing the business's financial data
Prepare the business's tax returns
Provide Tax planning services
When Should I Contact A Bookkeeper?
As soon as you start your business. This way you can concentrate on running your business and doing what you do best.
Of course you can "figure it out" but eventually your business operations isn't going to get the attention it deserves. Paperwork begins to pile up, invoices aren't submitted timely, tax deadlines get missed and company expenses aren't tracked.
A bookkeepers role in your business will eventually save you time and money.
How Do I Know Which Bookkeeper Is Right For Me?
Does your bookkeeper return your calls? Do you feel comfortable asking them a question? Do you feel heard? With the right bookkeeper, the answers should be a resounding "Yes!"
Never feel like you are burdening your Bookkeeper and never withhold any questions you may have about your business's financial status.
Your bookkeeper should be able to review your financial accounts and be able to tell you when money is running low, advice you when you're paying too much for "said" service, provide money saving alternative and be able to identify which invoices have gone unpaid and take the necessary steps to collect the money.
The Bookkeeper should always look for sufficient ways to maintain your business's books.