FAQs

Does a business need a bookkeeper?

For the most part a small business owner may think they—or a family member—can handle the bookkeeping. You may be doing it yourself to save money, or because you distrust others with your sensitive financial records, but after considering that your time is extremely valuable, the true cost of DIY bookkeeping may be higher than you think. The fact of the matter is that not only does a business need a bookkeeper, every business needs BOTH the expertise of a skilled bookkeeper AND an accountant.

What's the difference between a bookkeeper and an accountant?

A qualified bookkeeper is someone who uses accounting software to maintain accurate financial records and prepare financial statements. The primary difference between a bookkeepers and an accountant is that a bookkeeper performs the detail-oriented, day-to-day data entry of recording receipts, managing accounts payable & receivable, reconciling all accounts, and numerous other timely transactions.
A Certified Public Accountant (CPA) is someone who uses tax software to prepare and file tax returns. When taxes are due, accountants rely on bookkeepers to provide the necessary financial records to fill out the forms. Another difference is that CPAs apprise startup businesses—for tax liabilities and limitations—how to structure their organization, corporation, or partnership appropriately, and provide tax planning services to support its future success.

Can I afford to secure the services of Books Done Right?

Yes, absolutely! Books Done Right costs less per month than hiring an on-site to perform bookkeeping tasks.

Hiring a qualified bookkeeper as an employee is not a minimum wage position. He/she must have four crucial skills: a meticulous attention to detail, a thorough understanding of accounting principles, a solid foundation in cash/accrual accounting concepts, and highly trained in anti-fraud checks and balances.
Also, be prepared to pay a part-time, 20 hours/week, employee an average of $20/hr. ($1,750/mo.). Plus approximately $350/mo. for employee-related payroll taxes, and the cost of benefits such as: insurance, paid time off, as well as new equipment and/or software. Then, after training a new bookkeeper, there's always the possibility of turnover expenses that cannot be recouped for years.
Furthermore, something you definitely cannot afford are costly mistakes made by an inexperienced bookkeeper who who doesn't understand your business, misclassifies transactions, and fails to regularly reconcile all pertinent accounts.

Can Books Done Right provide bookkeeping remotely?

Yes! Working remotely with cloud capabilities is the only way I work because it's very cost-effective, PLUS you’ll still have access to all your financial information and reports from anywhere, so long as you have an internet connection. Just knowing that your bookkeeping is being managed competently and is available in a timely manner is priceless, What's more, we integrate seemlessly with your CPA to support your tax reporting and planning strategy.

Do I need to clean up my bookkeeping before providing it to Books Done Right?

Nope! Books Done Right will thoroughly evaluate your books, then if necessary, clean it up, catch it up, and correct any errors. Once every little thing is up to date, our commitment is to keep a clean set of books accessable to you—in a timely manner—first, so you can gauge the financial health of your business; second, so you can effortlessly explore funding opportunities with investors and financial institutions; and third, so you can render accurate projections of your cash flow in order to predict the future and prepare for it.

How do I know I can trust Books Done Right?

With over 40 years in the accounting profession we have been eminently successfull because we set

high standards for competency, proficiency and compliance, while maintaining strict confidentiality of all sensitive financial information. Plus, we prioritize data security to ensure peace of mind.

Where do we start?

Please call for pricing, our hourly rates vary depending upon the service rendered. We offer a Professional Services Agreement with a refundable retainer for ongoing services.
To save time, and therefore expense, our services are facilitated remotely. You can upload your documents with ease to Dropbox, or send them via email—password protected.
In order to be efficient and as cost-effective as possible, travel to a client’s location is available ONLY when necessary (higher rate and trip charges apply). We refer payroll, as well as income tax return preparation services to qualified service providers.