Customers questions around bookkeeping are remarkably similar in nature. To this end, we have compiled answers to a few of the more popular questions you might have about our services. If the answer to your burning question is not listed, please feel free to call us.
What will I receive from All Ways Counting services each month?
All the data which you provide will be entered into a computerized file. Within the file, all accounts will then be reconciled so that financial, and other types of reports, can be generated. These reports include, but are not limited to, Profit/Loss, Balance Sheet, Open Invoices, and other reports that are vital to your operation. You will be able to compare month-to-month, or year-to-year figures, which will help you, along with our assistance, identify opportunities with your business. We will always be available to talk with you about your questions or concerns.
Why should I team with All Ways Counting services, to do my company’s bookkeeping?
Not only does All Ways Counting want to complete your bookkeeping, we want to work with you to make your business as successful as possible. We take great pride in working to make this happen. We have a team of qualified individuals, one of which will be personally assigned to accurately complete your bookkeeping in a timely manner. Most of all, we offer local, confidential and experienced bookkeeping, at an affordable rate.
How much is it going to cost me?
The cost could be more than 85% lower than what you pay to a full-time employee.
Example: If you were to pay a full-time bookkeeper $40,000, and have additional payroll taxes, your annual payroll cost for this person would be almost $45,000. Due to our ability to turn your books around accurately and quickly, your annual cost with All Ways Counting Services, Inc. could be as low as $6,000. That is a $39,000 annual savings, or over $3,250 per month! This is money that could be used to re-invest into your business or better yet, kept in your pocket!
What kind of access will I have to my file?
With todays technological advances, there are several different ways in which to complete your bookkeeping. All of which allow you to have the access to the files which you desire. These options include working on your system, or ours. They also include an option where both client and bookkeeper can work on the file in real time. The key is for you to have the financial information you need at your fingertips. All Ways Counting Services, Inc. prides itself on their availability to their clients.
Quick turnaround time.
All records are kept confidential and we discuss nothing with your employees or any unauthorized person. If you have an internal bookkeeper, it is important that the employee is not sharing the company’s confidential financial information with other employees.
Can good bookkeeping help me establish a Line-Of-Credit?
Absolutely! All banks or lending institutions will require an accurate financial picture of your business. This could include Profit and Loss and Balance Sheets statements, along with other financial reports.
What are the major differences between a Bookkeeper and an Accountant?
A professional bookkeeper enters all monthly financial data, reconciles, balances and reviews all financial data. They also prepare, then review financial statements with the business owner(s). Today’s professional bookkeeper is expected to know:
- The difference between Debits & Credits
- How to set up a proper Chart of Accounts
- Must be able answer questions from the company’s tax preparer.
An accountant (Certified Public Accountant), is generally the person whom the bookkeeper turns all the annual bookkeeping records to, in order to prepare annual tax returns. They should also give sound tax advice and tax planning.
Tip: You should never have the same person/company who does your bookkeeping, prepare your tax returns. This offers an extra set of eyes for errors and also acts as a double check or a second perspective on any inconsistencies in the accounting of the books.