Bookkeeping FAQs

We know you have questions!

Check out these FAQs and if these don't help, contact us!

Bookkeeping FAQs2023-02-24T13:13:18+00:00

Bookkeeping FAQs – if there is no the one you are looking for, ask us online.

Why do I need bookkeeping?2023-02-24T12:34:29+00:00

Keeping your books “clean” and up to date directly impacts the accuracy of your taxes (both personal and business!) and opens the way to conversations like planning and budgeting properly for the future. Gotta start with the Basics!

Why monthly bookkeeping services?2023-02-24T12:34:57+00:00

Leaving your books untouched for more than a month, affecting your ability to plan effectively and make informed decisions.

What bookkeeping software we use?2023-02-24T12:35:31+00:00

Basic Bookkeeping uses QuickBooks Online.

What is a difference between bookkeeper and CPA?2023-02-24T12:36:04+00:00

The role of a bookkeeper is like the role of a nurse – we take your data and measure your business, hold your hand, and work with you throughout the year. A CPA will file your tax return and advise you deductions once a year – like when the doctor comes in to see you for a brief period.

Would you file my taxes?2023-02-24T12:36:40+00:00

Not directly, but we do offer access to a network of great CPA’s!

How do I start with your bookkeeping services?2023-02-24T12:37:18+00:00

Start by Choosing a Plan and reach out to info@basicbooksbalances.com

What bookkeeping plan will work the best for me?2023-02-24T12:37:51+00:00

That depends on your business size and monthly transactions. Feel free to reach out to us at info@basicbooksbalances.com

What do I need at the end of the year for my company (from bookkeeping standpoint)?2023-02-24T12:38:23+00:00

End-of-year books closing can seem like a lot, but if you are keeping up monthly then all we need to do is close out the year/reconcile of your accounting year and prepare reports needed for tax return. Would you need the other forms like 940/941/W2/ W-3/1099? – depend on your business transactions that year.

Can you do personal bookkeeping or just business?2023-02-24T12:43:18+00:00

Yes, we can! We provide bookkeeping services to both private individuals and a wide range of businesses.

What methods of payment do you accept?2023-02-24T12:44:01+00:00

We auto-draft monthly bookkeeping subscription via ACH.

Get a personal consultation.

Call us today at (919) 213-0410