Frequently Asked Questions About Accounting Services
All the information you want to know...
What are the benefits of contracting with me?
Professional Accounting and Consulting Services provides professionally prepared, accurate information so business owners can make informed decisions regarding their company. My services result in timesaving & cost saving advantages and relieve the burden of building, maintaining, and training bookkeeping and administrative personnel.
What information is required to set my company up with us?
- Company name, address, phone numbers, EIN numbers
- List of customers and their billing information (in any form, even scrap paper)
- A/R, A/P balances as of the start date and a list of vendors and clients
- List of services you provide
- Banking information including statements for open balances
- Payroll information (if applicable)
What services do you provide?
I provide a full range of administrative and bookkeeping services. Included are comprehensive reports, A/R, A/P, P/R, creating and managing your company's processes.
How does your historical data integrate?
Your existing data is transferred into compatible new and/or existing accounting software during the initial set-up process. I retain your original data as a backup and can access at later dates if needed.
Do I still need my CPA?
YES! It is very important to retain and keep the services of a CPA. Accountants & Bookkeepers keep up the daily maintenance of your records; CPAs prepare corporate taxes and audit your records.
The most asked question; how much does this service cost?
Historically clients pay less than what it costs in traditional staffing. Estimated hidden savings in time may be as much as 50% of our cost. My fees are based on volume and complexity of each client. I meet with you to work up a detailed scope of the service required, scenarios of an hourly rate and/or contractual rate; it is determined what the best fit is for you. In most cases my service costs less than hiring a full or part-time employee. In addition, you don't pay taxes or the fringe benefits for my services and it's a tax write-off!