Bookkeeping FAQ

A: A bookkeeper is responsible for the organizational work that ensures your financial records are accurate and up-to-date. They take care of tasks like recording transactions, categorizing expenses, and reconciling bank accounts

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Most bookkeepers offer after-the-fact bookkeeping. This means that the business owner (you) will perform the day-to-day financial operations - paying bills, sending invoices, and monitoring bank account balances. At the end of the month or quarter, the bookkeeper will go into your books to make sure everything is recorded and categorized correctly, and to reconcile bank accounts with their statements. This is the type of bookkeeping I currently offer.

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Some bookkeepers offer full charge services. This means that the bookkeeper is responsible for all of the financial goings-on of the business, including A/R, A/P, and payroll, as well as the after-the-fact work. A full charge bookkeeper will often work with your CPA to generate necessary numbers and documents at tax time.

A: An accountant reviews your records and provides a big picture analysis of your finances. They can offer business insights, financial forecasting, and tax advice and preparation. Some accountants also offer bookkeeping services.

 

A certified public accountant (CPA) has met additional educational and licensing requirements and passed the CPA exam. If your business needs official financial statements or audits, a CPA provides these services.
 

A bookkeeper (like me) keeps your day-to-day financial records updated and organized. This means you and your accountant have a clear and accurate picture of your business' standing so you are able to make informed decisions about your finances.

A: Technology has made it so that business owners and bookkeepers can work together digitally from across the country. The software and tech companies that create these products do so with both ease of collaboration and cyber security in mind. A few of the software I use to work together - click a link to visit the program's security page:
-QuickBooks Online - Built-in shared documents folder to securely share sensitive info like bank statements and monthly financial reports. You can grant additional users varying levels of access to your account.

-Wave - Like QuickBooks, you can share your account with users at an access level of your choosing.

-Google - A shared Google Drive folder is another way to securely share financial info, especially for non-QBO users.

-HelloSign - Used to electronically sign documents.

-LastPass - Sometimes it makes sense to provide me access to other accounts you use, like Stripe or Shopify. You can allow me to log in to your account without being able to view your password.

-Depending on where you do your banking, it might be an option to grant me read-only access to your bank account. This would allow me to view your financial information and download the monthly statements needed for reconciliation, but would not grant me access to your money.

A: The price of services can vary greatly from bookkeeper to bookkeeper.
Here's how I approach pricing at Blue Daisy Bookkeeping:

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All of my service packages are customizable for each business. I list a starting price for most packages, but your investment can change depending on what specific services you need and how often you need them.

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Pricing also depends on specifics about your business like how many bank accounts you have, how many transactions you do, and what financial reports you would like to see each month.

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To get you an accurate quote on pricing, I need to know more about your business and your specific needs. If you would like to receive a price estimate on a package, schedule a free call with me so we can talk!