Common Questions
Answers to common questions about bookkeeping, accounting, pricing, and working with our team. If you don't see what you're looking for, get in touch.
How much does bookkeeping cost?
Monthly bookkeeping starts at $199. Your actual price depends on transaction volume and business complexity.
Read answerDo I need a bookkeeper?
If you're spending hours on your books, falling behind on monthly close, or making decisions without real numbers, you probably need a bookkeeper.
Read answerWhat is the difference between bookkeeping and accounting?
Bookkeeping records transactions. Accounting interprets those records to help you make business decisions and file taxes.
Read answerWhen should I hire a bookkeeper?
Hire a bookkeeper when your books are consistently behind, you're spending over 5 hours per month on bookkeeping, or your revenue exceeds $250k annually.
Read answerWhat does a bookkeeper do?
A bookkeeper records transactions, reconciles accounts, categorizes expenses, and produces monthly financial statements so you know where your business stands.
Read answerCan I do my own bookkeeping?
You can do your own bookkeeping if your business is simple and you have time to learn. But most owners who try end up with messy books that need professional cleanup.
Read answerHow often should bookkeeping be done?
Bookkeeping should be done monthly at minimum. Weekly is better for high-volume businesses. Waiting longer than a month means errors compound and records get forgotten.
Read answerWhat is the best bookkeeping software?
QuickBooks Online is the standard for most small businesses. Xero works well too. The best software is the one your bookkeeper knows and your accountant can work with.
Read answerDo bookkeepers do taxes?
Some bookkeepers prepare tax returns, but most focus on keeping your books clean so your CPA can file your taxes efficiently.
Read answerWhat records do I need to keep for my business?
Keep all receipts, invoices, bank statements, and contracts. The IRS requires documentation for every business expense you deduct.
Read answerHow long does bookkeeping cleanup take?
Most cleanups take two to four weeks depending on how many months you're behind and how messy the books are.
Read answerShould I use cash or accrual accounting?
Most small businesses under $5M in revenue use cash basis because it's simpler and matches cash flow. Accrual is required for larger businesses and inventory.
Read answerWhat is job costing?
Job costing tracks all costs associated with a specific project or job so you know if that work was profitable after accounting for materials, labor, and overhead.
Read answerDo I need separate books for each business?
Yes. Each legal entity needs its own books. Mixing entities creates tax problems and pierces the liability protection that separate entities provide.
Read answerWhat is payroll tax?
Payroll tax is the federal and state taxes you withhold from employee paychecks and pay on wages. This includes Social Security, Medicare, unemployment, and income tax withholding.
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