Common Questions

Many small business owners may not be familiar with financial statements like profit and loss statements, balance sheets, and cash flow statements. They often ask their bookkeeper to explain these reports, so they can make informed decisions about their business operations.

Cash flow is critical for any business, and owners often seek advice from their bookkeeper on how to improve it. Bookkeepers can offer suggestions on managing accounts receivable, controlling expenses, and optimizing cash flow management to ensure the business has enough cash to cover its obligations and invest in growth. 

Business owners frequently ask their bookkeeper about tax compliance, including deadlines for filing taxes, required forms, deductions, and credits. Bookkeepers can provide guidance on tax laws and regulations, help with tax planning, and ensure that businesses file their taxes accurately and on time.