FAQ

How does weekly / monthly bookkeeping work?

As timeliness of information is critical when making important business decisions, we strive to maintain your accounting records as close to real-time as possible. We review and record all your business transactions in QuickBooks Online and compile your basic monthly financial reports (P&L, Balance Sheet).  Optional Advanced Reporting (Statement of Cash Flow, Budget Forecast, Cash Flow Analysis) for even greater business insight is available if elected.

What Accounting software do you support?

At present, we only support QuickBooks Online. We supplement with Microsoft Excel for special analysis and advanced reporting.

Do you prepare my Tax Returns?

No, My Part-Time Accountant LLC specializes in Bookkeeping, Accounting, and CFO services.  However, we do work closely with your Tax Preparer to proactively maximize your tax benefits.

What are your fees?

We charge a flat fee-per-month plans for ongoing engagements, and hourly rates for special projects or out-of-scope requests.

Why is outsourcing more efficient?

With My Part-Time Accountant LLC, you are assured your bookkeeping will be completed by trained and experienced bookkeepers or accountants, as opposed to an in-house employee who may be lacking the knowledge and expertise required to complete the duties properly.  And unless accounting is among your core competencies - supervising the employee can pose additional challenges like the proverbial blind leading the blind.

What documents do you need from me each month?

You may need to furnish all bank and credit card statements, transaction receipts, and explanations of business purpose if requested.

We are months behind with our bookkeeping. Can you help me get caught up?

This is a very common request. Just Contact Us for a quote.

Why does it cost more to clean up my self-maintained QuickBooks file?

All errors must be identified before the transactions can be researched and amended – essentially requiring each transaction to be handled twice. It takes considerably more time to find and fix incorrect entries than it does to enter the transactions properly in the first place.