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FAQs
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Why QuickBooks Online (QBO)?Currently, I exclusively use QuickBooks Online (QBO), which allows me to work seamlessly and remotely. This cloud-based solution ensures that I can effectively manage your financial records, help you save time, save money, and reduce the stress associated with bookkeeping. I gained the wealth of my bookkeeping knowledge and experience using other QuickBooks versions and Sage 50 over the years. Moreover, while I am exploring other cloud-based accounting software options to expand my service capabilities, I am committed to mastering these platforms fully before offering them to my clients.
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Do you work remotely or in person?With online accounting software, like QuickBooks Online (QBO), plus cloud based technology and apps, I am able to work remotely seamlessly and effectively to manage your companies financial records. For those businesses located in the greater Hampton Roads, Virginia area, in person meetings and some work may be done in person, as needed.
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How much do you charge?Every business is a little different, therefore I offer free consultations to determine what your accounting and bookkeeping needs are. Some things that are considered are the number bank and credit card accounts you have, the average number of transactions you have a month, and other services you need, etc. Fixed Rate Monthly Bookkeeping can typically run anywhere from $250 to $3,000 per month. A year’s worth (12 months) of Clean Up and Catch Up of historical transactions typically starts at $2,000 & up. Contact me today to schedule your free consultation.
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What type of businesses use your services?Balanced Integrity offers expert bookkeeping services to small and medium-sized businesses, as well as self-employed entrepreneurs, across various industries such as retail, tech, services, consulting, and freelancing.
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Does Balanced Integrity offer any discounts for veterans or their spouses?Yes! Active Duty & Veteran Military and their families hold a special place in my heart. I offer a 10% discount on all services for Veteran-Owned Businesses. Additionally, this discount is extended to spouses of Active Duty and Veterans who are business owners.
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How do I communicate with you?Two-way Communication is of the utmost importance. I might be outsourced, but I am still on your financial ally. I can be reached to answer your questions by phone or email. Also, within the QuickBooks Online program there is a portal we will use to share documents and be able to communicate about specific transactions.
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How do I get QuickBooks Online?As a Certified QuickBooks Online ProAdvisor, I will be able to advise you on which QuickBooks Online subscription level will be best for your business needs and help you get it at exclusive ProAdvisor pricing. I will also be able to walk you through the set-up process and train you (and your team) how to use it and the apps efficiently.
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Why should I outsource my bookkeeping?In most cases, small to medium-sized businesses benefit from outsourcing their bookkeeping by gaining expert support at a fraction of the cost of hiring an in-house employee. This also eliminates the risk of it being done improperly by yourself, your spouse, or an employee who is not an expert in accounting or bookkeeping. Fact: According to the U.S. Bureau of Labor Statistics, the average Bookkeeping Clerk salary in 2023 was $ 49,330 (or $4,110 per month) and that’s before benefits (i.e., employer share of Social Security & Medicare taxes, insurance, vacation time, sick days, retirement benefits). This article on LinkedIn - Should Your Business Hire a Bookkeeping Service? Outlines the responsibilities of a bookkeeper and the benefits of using a bookkeeping service.
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What is the difference between an Accountant and a Bookkeeper?Bookkeepers organize the finances by ensuring that each transaction is well-documented. They are involved with the business’ day-to-day operations. Accountants come in to provide financial analysis based on the bookkeeper’s data. They may not be as involved with business operations, but accountants are essential to supplement the bookkeeper’s work. These roles both fall under accounting, and they both work towards the same goals. Bookkeepers record and manage daily financial transactions. On the other hand, accountants are the best consultants when it comes to tax filing, financial analysis, strategies, and financial forecasting. This article on LinkedIn - Should Your Business Hire a Bookkeeping Service? Outlines the responsibilities of a bookkeeper and the benefits of using a bookkeeping service. Using a bookkeeper for your day to day financial transactions, will save you money. Usually, CPAs charge a much higher hourly rate ($125/hour & up), due to their higher level of financial expertise. In some cases, they do delegate to their in house staff accountants or in house bookkeepers at a reduced rate, but they tend to lack personalized service. With my bookkeeping services, I will be available to your accountant to answer any questions he or she may have. I am continually building my network of trusted accountants to partner with.
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