Frequently Asked Questions

An accountant and bookkeeper can do many things to help in your business, here is a list of a few:

1. • Record financial transactions
   • Reconcile bank and credit card accounts
   • Invoicing
   • Accounts payable
   • Prepare financial statements
   • Analyze your financial statements to see trends 
   • Help with budgeting 
   • Work with your tax preparer to provide necessary information

• Each month we will work to categorize or review your transactions in the bookkeeping software.
• We will reach out to you with any transactions we may have questions about to make sure they are recorded properly.
• We will reconcile your bank statements
• We will ensure all loan statements are reconciled as well.
• We will prepare financial statements – the balance sheet, income statement (P&L) and the statement of cash flows.
• We will have a call or send a recorded video (your preference) to review your financial statements with you.  We will review the three main financial statements and also take a look at your accounts receivable and payable and answer any questions you may have.
• Feel free to reach out to us throughout the month with any questions you have for us!

No. While we need access to your bank, loan and credit card statements, we will only ask for read-only access.  If we are assisting you with bill pay, we will work with programs that allow your approval before money is sent.

Consultation Call – First, we will set up a call to learn about you and your specific needs.  

Evaluation – We will take a look at your financial records to get an understanding of your bookkeeping and accounting needs.

Proposal – We will provide you with a custom proposal outlining our services and pricing based on our consultation and evaluation of your books.

Engagement Letter – Before we start we will send an engagement letter to be signed that details what services we will provide and each party’s responsibilities.

Onboarding – We will setup a kick off call to obtain access to the information we need to get started.

Depending on your needs, we may need some or all of the following:

• Access to your bookkeeping software (Quickbooks Online, Xero)
• Copy of your last business tax return.
• Read only access to your bank and credit card accounts or a copy of your bank and credit card statements saved to a shared Google Drive folder.
• Copies of any business loans and monthly statements
• Access to payroll provider website or reports
• Access to any point of sale systems

Our pricing is dependent on the services we provide to you.  We know each individual business is unique and therefore we tailor our prices based on each individual business’s needs.  Once we complete our consultation and assess your current books, we will determine a flat monthly fee so there will be no surprises and allow you to budget accordingly.

We work with you and customize our services to best suit your needs rather than take a one size fits all approach.  We have over 15 years in the accounting industry working with all size companies.  We continue to invest time and resources to stay on top of the latest technology and industry changes to better serve our clients.  We believe it is important to have a strong, reliable and trusting working relationship with all of our clients.

While SMB Accounting Solutions does not provide tax preparation services, we love to help our clients succeed. We will work with your tax professional to provide them the  information needed to prepare your return.   Should you also need a tax preparer, I partner with local CPA firms.

Yes. We will help train you to successfully use QuickBooks Online to do your own bookkeeping.   We will set up virtual training sessions customized to you and your staff’s specific needs.

Yes. As an accountant and bookkeeper we want to ensure that your financial statements are reliable and accurate.  We will work with you to get your company’s financials in order.