Frequently Asked Questions

Accounting & Bookkeeping

Frequently asked questions.

How do the accounting and bookkeeping services work?

The accounting and bookkeeping services are designed to meet the unique needs of your business. Here's how they work:

  • Initial Consultation - We start with a free initial consultation to understand your business, its financial pain points, and identify potential solutions.

  • Customized Implementation Plan - Based on our initial discussion, we develop an implementation plan that addresses your pain points and fits into your budget.

  • Software Implementation - We'll set up your financial infrastructure, including the accounting, payroll and other integrations needed to perform the ongoing accounting and bookkeeping tasks.

  • Ongoing Financial Operations - We'll provide ongoing accounting and bookkeeping support to ensure your financials are accurate and up-to-date. This includes daily or weekly transaction import, monthly account reconciliations, and other tasks.

  • Periodic Financial Reporting - Whether its weekly flash reporting, monthly financials, or the year-end tax package, we'll provide periodic reporting  so that you always have reliable financial information available.

  • Growth & Scalability - As your business grows, our services can be scaled to accommodate new challenges and opportunities, ensuring financial management at every stage of your business growth.

Our goal is to make your accounting and bookkeeping as efficient and hassle-free as possible, allowing you to focus on growing your business.

What accounting software do you work with?

We work exclusively with QuickBooks Online. If you're not already using QuickBooks Online, we'll setup a subscription for your business before beginning the accounting & bookkeeping services.

Do you support accrual method accounting?

Yes, however accrual method accounting may or may not be right for your business. Accrual method can provide more useful financial reporting but it comes with increased costs due to the additional effort required. There are tax considerations as well. Additional discussion is needed to assess the relative disadvantages and advantages of accrual versus cash method accounting.

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Made in Virginia