Accounting Solutions Consultants
FREQUENTLY ASKED QUESTIONS
HOW MUCH DOES 541 BOOKKEEPING CHARGE?
Our rate is $70/hour and bill in 6 minute increments. Clients who choose to retain our monthly bookkeeping service are offered a flat rate monthly fee, customized and tailored to their business needs. The choice to be billed hourly or flat rate is ultimately up to you.
WHY SHOULD WE USE AN INDEPENDENT BOOKKEEPING COMPANY INSTEAD OF HIRING AN EMPLOYEE TO KEEP OUR BOOKS?
Though bookkeeping can be a full-time job, most small businesses can have their bookkeeping processes streamlined by an expert to bring the time and cost down from full-time to 5-20 hours per month. The other overhead costs of hiring an employee (payroll taxes, insurance, sick/vacation time, and downtime) mean your accounting costs will be more efficiently spent on hiring a certified professional.
DOES 541 BOOKKEEPING PREPARE TAX RETURNS?
No, but we have many great CPAs we can connect you with. We are happy to refer you to a local CPA with expertise servicing your industry.
HOW MUCH TIME DOES THE AVERAGE MONTH OF BOOKKEEPING TAKE?
The answer to this question depends on your business. Businesses with multiple bank and credit card accounts with 100+ transactions/month and a third party payroll provider will take longer than a smaller business with one bank account, less than 20 transaction/month and no payroll. The average business that falls in the middle of those examples will take 10 hours/month, but we are happy to customize a quote that fits your business.
HOW OFTEN DO YOU WORK ON OUR BOOKS?
We are available to handle your books weekly, monthly, quarterly, or even annually with a year end clean up! We will customize a plan that fits your needs and set bookkeeping frequency expectations at our first meeting.
WHAT SOFTWARE DO YOU USE?
We use the full suite of Quickbooks products by Intuit (Quickbooks Online, Desktop, Enterprise, and Point of Sale). Already using another software? No problem! We have experience with Xero, Netsuite, Freshbooks, and more.
DOES 541 BOOKKEEPING OFFER SOFTWARE DISCOUNTS?
Yes. We offer discounts on Quickbooks Online of up to 25% depending on the level of service you select.
WHAT ARE YOUR BUSINESS HOURS?
We do not have set business hours, but we always respond to calls, texts or emails within one business day. Working outside of set business hours means we are known for answering your phone calls on nights, weekends and holidays.
WHERE IS YOUR OFFICE?
Our office is wherever you are. We work using cloud accounting software so we can meet and work on your books from any location.
