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"Susan has been invaluable to my small but always growing business over the past 15+ years. She keeps us out of trouble with the IRS by keeping up on the latest tools needed for book keeping. She is a great listener, and very tactful but to the point when working out any problems we've had during growing pains and covid. Highly recommend Susan for your small business bookkeeping needs."

Cathi
Industry: Pet Services

F
A
Q

01.
What is the difference between bookkeeping and accounting?

Bookkeeping involves recording financial transactions and maintaining accurate financial records, while accounting involves interpreting, analyzing, and summarizing financial data to provide insights for decision-making.

02.
Do I need to hire a professional bookkeeper, or can I manage bookkeeping myself?

It depends on the complexity of your business and your comfort level with bookkeeping tasks. While some small businesses may handle bookkeeping internally, others may benefit from outsourcing to a professional bookkeeper or accountant to ensure accuracy and compliance.

03.
What software or tools do I need for bookkeeping?

There are various accounting software options available, such as QuickBooks, Xero, and FreshBooks, which streamline bookkeeping processes. Alternatively, you can use spreadsheets or hire a professional bookkeeper who may use their preferred software.

04.
How often should I reconcile my accounts?

It’s recommended to reconcile bank accounts, credit cards, and other financial accounts regularly, ideally on a monthly basis. This helps identify discrepancies, errors, or fraudulent activities promptly and ensures the accuracy of your financial records.

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