How does a Bookkeeper like yourself report to Businesses?

It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or perhaps you have a creative project to share with the world. Whatever it is, how you tell your story online can make all the difference.

What are the advantages/disadvantages of the tax preparer processing my bookkeeping and taxes? Can’t I have my accountant do my bookkeeping for me?

Separating the duties of a bookkeeper and a tax preparer is generally recommended, as the roles require different expertise. While some tax preparers may offer bookkeeping services, it is essential to note that their primary focus is tax law regulations and tax returns, and they may not have the same knowledge in bookkeeping.

Having one person handle both tasks may seem convenient, but this can have disadvantages. Tax preparers may charge more for bookkeeping services, and their efficiency may be geared towards tax returns rather than providing detailed reports throughout the year. On the other hand, a bookkeeper is typically more detail-oriented and can provide timely reports to help the business owner understand their finances and increase profitability.

By having separate professionals for bookkeeping and tax services, the business can benefit from the expertise of both individuals. This creates a system of checks and balances for accounting records and ensures that a qualified professional performs each task.

What is a Certified QuickBooks ProAdvisor, and what does it provide?

The Intuit QuickBooks ProAdvisor program trains accounting and bookkeeping professionals to use and manage QuickBooks software for various clients across various industries. Once certified, ProAdvisors can provide clients with QuickBooks management services, including training and ongoing support. Certified ProAdvisors also have access to direct support from Intuit, the manufacturer of QuickBooks software, to resolve any issues.

Furthermore, ProAdvisors must take an annual test to ensure they are up-to-date with all the changes in the latest version of QuickBooks. They are also provided with a professional version of QuickBooks software that offers greater functionality than the retail version. This version allows users to correct a group of transactions faster and record journal entries more efficiently. Most ProAdvisors receive ongoing support to ensure that they can handle any questions or problems that come up.