Bookkeeping and Accounting
What’s the difference between bookkeeping and accounting?
Bookkeeping focuses on recording daily financial transactions, while accounting involves financial analysis, tax preparation, and strategic decision-making.
How often do I need bookkeeping services?
It depends on your business needs! We offer weekly, monthly, and quarterly bookkeeping services based on your requirements.
What financial records should I keep for my business?
Essential financial records include invoices, receipts, payroll reports, bank statements, tax filings, and financial statements to track business performance.
Can I do my own bookkeeping instead of hiring a professional?
While possible, DIY bookkeeping can be time-consuming and prone to errors. Professional bookkeepers ensure accuracy, compliance, and efficiency.
What accounting software do you support?
We work with QuickBooks, Xero, FreshBooks, Wave, and other major accounting platforms for seamless financial management.
Tax
Do you offer tax preparation services?
Yes! We help businesses prepare tax-ready financial statements and ensure accurate tax filings to avoid penalties.
How can Book Keeping Plus help with tax compliance?
We ensure your books are up to date, assist with tax deductions, and keep your financial records compliant with the latest tax regulations.
Can you help with sales tax reporting?
Absolutely! We provide sales tax tracking and reporting to ensure compliance with state and local tax laws.
What tax deductions can my business claim?
Common deductions include business expenses, office supplies, software costs, mileage, rent, and payroll expenses—we help maximize your deductions.
When should I start preparing for tax season?
Ideally, tax preparation should be a year-round process to avoid last-minute stress. Our bookkeeping services ensure you’re always tax-ready.
Reporting and Audit
What financial reports do you provide?
We generate profit & loss statements, balance sheets, cash flow reports, and customized financial summaries for better decision-making.
How can financial reports help my business grow?
Regular financial reports help track performance, identify growth opportunities, manage expenses, and make data-driven business decisions.
Do you assist with audit preparation?
Yes! We help organize financial records, ensure compliance, and provide supporting documentation for a hassle-free audit process.
How often should I review my financial reports?
For optimal financial health, we recommend monthly financial reviews to track revenue, expenses, and business performance.
What’s the difference between internal and external audits?
Internal audits are conducted by your company to check financial health, while external audits are performed by third-party auditors for regulatory compliance.
About Book Keeping Plus
Why choose Book Keeping Plus over other bookkeeping services?
We offer expert bookkeeping, personalized service, real-time financial insights, and a fully remote model for convenience and efficiency.
Who are the experts behind Book Keeping Plus?
Our team consists of experienced bookkeepers, accountants, and financial analysts dedicated to supporting businesses of all sizes.
Do you offer custom bookkeeping solutions?
Yes! We provide tailored bookkeeping and accounting solutions based on your industry, business size, and financial needs.
How do I get started with Book Keeping Plus?
Simply contact us for a free consultation, and we’ll assess your bookkeeping needs to provide the best solution for your business.
What are your pricing plans?
Our pricing is flexible, based on the size of your business, the complexity of transactions, and the level of service required. Contact us for a custom quote!