Question 1

What is bookkeeping?

Accepted Answer

Bookkeeping is recording, categorizing, reconciling and organizing a business's financial transactions. Accurate books support financial reports, business decisions and your tax return.

Question 2

What is the difference between bookkeeping and accounting?

Accepted Answer

Bookkeeping records and organizes transactions. Accounting builds on those records with adjusting entries, financial statements, analysis, tax work and advice. As a CPA-led firm, we do both.

Question 3

Do I need a bookkeeper if I use QuickBooks?

Accepted Answer

QuickBooks organizes the data, but someone still has to review, categorize and reconcile it. Bank feeds import transactions; they don't check that they're complete or correct.

Question 4

Why choose a CPA-led bookkeeping firm?

Accepted Answer

Your books are designed and overseen by people who also prepare business tax returns, so they're kept the way your return and your lender need them, and your questions are answered by accountants.

Question 5

How much does monthly bookkeeping cost?

Accepted Answer

Packages start at $290 a month (Starter), $560 (Growth) and $1080 (Scale), priced by transaction volume and the number of accounts. Your band is confirmed in writing before you start.

Question 6

How much does a cleanup or catch-up cost?

Accepted Answer

Both are priced per month of books: $120 (light), $220 (moderate), $340 (heavy). A free assessment gives you the total first.

Question 7

Do you offer one-time bookkeeping services?

Accepted Answer

Yes. Cleanup, catch-up and QuickBooks setup are one-time projects. Many clients start there and move to monthly bookkeeping.

Question 8

Is there a long-term contract?

Accepted Answer

No. Monthly bookkeeping is month to month with 30 days' notice.

Question 9

Can you help if I'm several months behind?

Accepted Answer

Yes. Catch-up bookkeeping records and reconciles every missing period from your statements, with the year that has the nearest deadline first.

Question 10

What if my QuickBooks records are wrong?

Accepted Answer

A cleanup finds and fixes duplicates, misclassifications, missing entries and reconciliation differences. The scope depends on the condition of the file, which the free assessment measures.

Question 11

Can you clean up multiple years?

Accepted Answer

Yes. Multi-year projects are scoped year by year after we review which records are available.

Question 12

How long does a cleanup take?

Accepted Answer

It depends on the number of months, accounts and transactions, and how quickly statements arrive. You get a timeline with the quote.

Question 13

Do you work with businesses outside New Jersey and New York?

Accepted Answer

Yes. We work remotely with businesses in all 50 states.

Question 14

What software do you support?

Accepted Answer

QuickBooks Online, QuickBooks Desktop, Xero, Wave and spreadsheets. Tell us what you use; if a change would help, we'll explain the options.

Question 15

What documents do I need to get started?

Accepted Answer

Read-only access to your accounting software, recent bank and card statements, and any prior financial reports. Clients share documents through our secure client portal, never by ordinary email.

Question 16

Will you have access to my bank accounts?

Accepted Answer

We prefer read-only bank feeds through your accounting software or statement downloads. Never send banking passwords through a web form or email.

Question 17

How often will I receive financial reports?

Accepted Answer

Monthly reports by the 15th of the following month, once statements and answers to open questions are in. The exact reports are listed in your engagement letter.

Question 18

Do you prepare tax returns too?

Accepted Answer

Yes, as a separate service. Bookkeeping clients receive a year-end package built for their return, and many have us prepare it.

Question 19

Is bookkeeping included in tax preparation?

Accepted Answer

No. They are separate services unless your engagement letter combines them.

Question 20

Do you handle payroll?

Accepted Answer

Bookkeeping records payroll from your provider's reports. Running payroll, depositing payroll taxes and filing payroll returns is a separate service.

Question 21

Will better books lower my taxes?

Accepted Answer

Accurate books make sure your return captures every legitimate expense, and they give your CPA the real numbers to plan with, which is where most tax savings come from.

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