FAQs

BOOKKEEPING AND ACCOUNTING SERVICES

Common Questions on Bookkeeping, Accounting, & IRS Audit Assistance.

Find Your Questions Here

Why is bookkeeping important for my business?

Accurate bookkeeping is crucial for financial management, tax compliance, and making informed business decisions. It provides a clear picture of your business's financial health.

What's the difference between bookkeeping and accounting?

Bookkeeping focuses on recording financial transactions, while accounting involves interpreting, analyzing, and reporting on those transactions. Bookkeepers lay the groundwork for accountants.

Do I need professional bookkeeping services?

It depends on the size and complexity of your business. Many small businesses benefit from professional bookkeeping to ensure accuracy and compliance with tax regulations.

What are the benefits of outsourcing bookkeeping?

Outsourcing bookkeeping can save time, reduce errors, and provide access to experts who can offer valuable financial insights. It also allows you to focus on core business activities.

How much do bookkeeping services cost?

The cost varies depending on the complexity of your business and the services needed. It can range from a monthly flat fee to an hourly rate. Contact us to know more.

What software do you use for bookkeeping?

We use a variety of accounting software, including QuickBooks, Xero, and others, to ensure accurate and efficient record-keeping.

Can I access my financial data if you handle my bookkeeping?

Yes, you'll have access to your financial records and reports at any time. We can set up a secure portal for you to review your financial data.

How often should I reconcile my accounts?

Reconciliation should be done regularly, ideally on a monthly basis, to ensure that your financial statements accurately reflect your business's financial status.

Do you handle tax preparation as well?

Yes, we offer tax preparation services, but it's essential to talk to us about this. We can help coordinate with tax professionals as needed.

What documents and information do I need to provide for bookkeeping?

You'll need to provide bank statements, receipts, invoices, and any other financial records. We can provide a checklist to help you gather the necessary information.

Can you help with budgeting and financial planning?

Yes, we can provide insights and reports to help you with budgeting and financial planning to achieve your business goals.

How can I get started with your bookkeeping services?

To get started, contact us for a consultation. We'll assess your needs and tailor our services to meet your specific requirements. Click the button below.

Website and Email

Email:

admin@elitistsolutions.com

Website

www.elitistsolutions.com

Get In Touch

Assistance Hours

Mon – Fri 9:00am – 8:00pm

Saturday 10:00 am – 2:00 pm

Sunday – CLOSED

Phone Number:

(470) 536-9197

Call (470) 536-9197

Email: admin@elitistsolutions.com

Site: www.elitistsolutions.com

Copyright 2023 . All rights reserved