Common Bookkeeping FAQs
Here at Protea Financial, we get asked a lot of questions from our current and prospective clients. In order to help, we have come up with bookkeeping FAQs to help. Please take a look through them to see if they help answer any questions you have. If you have specific questions on bookkeeping you would like us to answer, please fill out the form below and email us. We will do our best to answer each of them!
Is a bookkeeper an accountant? What’s the difference between the two?
A bookkeeper often works with small businesses to record all purchases and sales that company makes. They keep day-to-day records of your business’s accounts, so you know where you stand as far as income, expenses, and cash-on-hand goes.
An accountant, on the other hand, does this and much more. Accountants can analyze data to draw conclusions, plus make suggestions that can help your business grow. It’s fair to say that an accountant can be a bookkeeper, but a bookkeeper may not necessarily be an accountant.
Isn’t it better to have a local bookkeeper who I can meet with in person?
Thanks to the cloud and videoconferencing options, there’s no longer any inherent advantage to meeting with a bookkeeper in person. You can share information from anywhere. In fact, working with a virtual bookkeeper means you have more options and can look for someone who specializes in bookkeeping for your industry.
How often will my virtual bookkeeper work on my books?
This depends on how much bookkeeping work you have and what you need. When you contact Protea Financial, we’ll discuss what your needs are and how much work you’ll have for your bookkeeper. Then we’ll determine a schedule for your virtual bookkeeper that meets those needs.
How do I communicate with my virtual bookkeeper?
There are a variety of different ways you can reach out to your virtual bookkeeper. You can call them, communicate via email, set up virtual meetings, or do a combination of all three. We’ll use whatever method of communication you’re most comfortable with.
Is my virtual bookkeeper a trained professional?
Yes, all our bookkeepers are trained in professional bookkeeping practices and standards. Many have additional training and certifications and have experience working in a variety of bookkeeping and accounting positions.
Looking for Answers to Specific Bookkeeping Questions?
Do you have a specific bookkeeping question you would like us to answer? Then reach out and contact us. We will do our best to add that to our list. Our goal is to be your resource for bookkeeping information. Check back regularly as we will be adding to our list of questions often!
Full Array of Bookkeeping Services
Here at Protea Financial, we offer a wide range of bookkeeping services to help you. We care for your small business as if it were our own, and it shows. You can communicate with us whenever you need, and we make sure respond promptly. We can keep your books organized, ensure your bills are always paid, and communicate all the information you need to understand the finances for your business. Reach out to us today. Let us help!
Whether you are a new winery business owner, or you have been making wine for generations, when it comes to wine, you’re the expert. You know all...
Business owners often ask, “When is the right time to sell my business?” The answer is some version of “A good time to sell is when there is a...
While it is the large businesses who make the news when there’s financial fraud, the greatest amount of wire fraud happens to small business owners....
QuickBooks Online is the software-as-a-service (SaaS) or cloud version of QuickBooks, one of the most well-known accounting tools available to...
As an attorney who specializes in alcohol licensing fire drills, I have a standing wish list of things I desire alcohol producers knew about their...
Bookkeeping is a time-consuming skill, and not one you can neglect. In fact, over 40% of small businesses managers and owners say their bookkeeping...
Protea’s goal is to provide, at costs below the market average, timely, accurate, and high-quality financial information on which a business can act.