FREQUENTLY ASKED QUESTIONS
Answers to some of our most common questions regarding bookkeeping for small businesses.
↓ what do i get with monthly bookkeeping?
Monthly reconciliation
Financial statements
Tax preparation support
Accessibility and communication
↓ why do i need bookkeeping?
What are the benefits of having a professional bookkeeper?
Is my business too small for a bookkeeper?
Why should I work with EmpowerBooks LLC?
How much does bookkeeping cost?
Monthly reconciliation
Reconcile data from your banks and credit cards
Meticulously record and categorize your expenses
Professional insights of your financial data in plain language
This will ensure your financial statements reflect the true financial position of your business, and you have the data you need to make informed business decisions.
Financial statements
Monthly balance sheet
Monthly income statement (profit & loss)
Monthly cash flow statement
These documents are crucial for you to understand the financial health of your business, track performance, and make informed decisions.
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Tax preparation support
Ensure all financial activities are accurately documented for tax purposes
Organize your financial records to make tax preparation smoother for you and your tax preparer
Provide you and your tax preparer all pertinent financial statements needed for tax preparation
Collaborate directly with your tax preparer
Accessibility and communication
Regular communication with your bookkeeper
Easy access to your financial data
Assistance in understanding your financial data
This ensures you are always informed about your financial situation and can reach out with questions or for advice as needed.
Benefits of a bookkeeper
You don’t have to do all the “math stuff”!
You can spend your valuable time doing what you love for your clients!
We will ensure you fully understand your numbers so you can make informed decisions to drive growth and profit in your business... and who doesn't want more profit?
Your business is not too small for a bookkeeper
Bookkeeping provides a solid foundation for the smallest of businesses.
The earlier you get your finances setup, the easier it is to know all those exciting next steps you can take that will grow your business beyond your wildest dreams!
Why you should work with us!
The short answer is, we want your business to SUCCEED!
We believe that understanding the financial data for each of your revenue streams helps you SUCCEED!
We work hard to put processes in place to ensure you always have the most accurate numbers at the detail that makes sense for your business.
You can count on us!
How much does it cost?
Our monthly service is based on your business needs and the complexities of your bookkeeping.
Monthly rates can range anywhere from $200 to $600 per month. Most clients average $400 per month.
Your monthly bookkeeping cost will be set up as a subscription service so you can be sure your payment is being made on time each month.
If there is catch-up or clean-up required to get your books up to current, there will be a one-time set up fee equal to 50% of the monthly fee for each month that needs to be set up (for example, if you are a $400/month client, and we're starting your books in April, we will need to set up 3 months (Jan, Feb, and Mar) at $200 per month, so your set up fee would be $600.
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