Welcome to JBV Bookkeeping’s FAQ page! I know bookkeeping can feel overwhelming, but I’m here to make it easy for you. Below are answers to some of the most common questions my clients have. If you don’t see your question here, feel free to reach out!
Getting Started with JBV Bookkeeping
How do I get started with your bookkeeping services?
Getting started is easy! First, schedule a consultation HERE so I can understand your needs. Then, I’ll send over a proposal, contract, and payment details. Once everything is set up, I’ll start organizing your books!
What do you need from me to get started?
To get started, I’ll need access to your business bank and credit card accounts (view-only or accountant access), past financial records, and details about your business structure. Don’t worry—I’ll guide you through the setup process.
How long does it take to set up my bookkeeping?
For new clients, the initial setup takes about 1-2 weeks, depending on the complexity of your finances. If you need a full cleanup of past records, that process may take longer, and I’ll provide an estimated timeline.
What Comes with JBV Bookkeeping’s Services?
What does your bookkeeping service include?
I provide full-service bookkeeping, which includes recording and categorizing transactions, reconciling bank and credit card accounts, generating financial reports, and ensuring your books are accurate and tax-ready. If you need payroll, invoicing, or bill pay services, I can provide those as add-ons.
Do you clean up past bookkeeping messes?
Absolutely! If your books are behind, messy, or non-existent, I can get everything cleaned up and organized. Pricing depends on how much work is needed, but I’ll give you a clear estimate before we begin.
What software do you use?
I primarily use QuickBooks Online (QBO). If you don’t have QuickBooks yet, I can help you get set up.
Do I still need an accountant if I have a bookkeeper?
Yes! I keep your books organized and up-to-date, but an accountant handles tax filings and strategic tax planning. With accurate bookkeeping, your accountant’s job will be much easier (and potentially cheaper!).
Tracking Income and Expenses
How do you track my income and expenses?
I connect your business bank and credit card accounts to QuickBooks so transactions are automatically imported. I then review, categorize, and reconcile them to ensure everything is accurate.
Do I need to send you receipts?
If you’re using accounting software that syncs with your bank, receipts aren’t always necessary. However, keeping digital copies for tax records is a good practice. If you need help organizing receipts, I can recommend tools to make it easy.
What if I use cash for some business purchases?
No problem! Just provide details about the transaction, and I’ll manually enter it into your books to keep everything accounted for.
Financial Reports
What financial reports will I receive?
You’ll receive a Profit & Loss Statement (P&L) to show your income and expenses, a Balance Sheet to display your business’s financial position, and a Cash Flow Statement to track where your money is going. If you need other reports, just let me know!
How often will I get financial reports?
I provide monthly financial reports so you can stay on top of your business’s performance. If you prefer quarterly updates, I can customize the schedule to fit your needs.
How do I use these reports?
Your financial reports help you understand how much money you’re making, where you’re spending, and whether your business is growing. I’ll walk you through them so you can make smart financial decisions.
Tax Time
Will you file my taxes?
No, I don’t file taxes, but I make sure your books are 100% tax-ready. I can work directly with your accountant to ensure they have everything they need.
How can bookkeeping help with taxes?
Accurate bookkeeping keeps all your income, expenses, and deductions organized so tax time is stress-free. You won’t have to scramble to find receipts or guess your numbers.
What tax deductions can I track with bookkeeping?
I can help track business expenses like office supplies, software, mileage, home office deductions, meals, travel, and more. Keeping your books organized ensures you don’t miss valuable deductions.
Paying for Services
How much does bookkeeping cost?
My standard rates for ongoing bookkeeping are listed on my SERVICES page. All plans include transaction categorization, bank reconciliation, and financial reports. Additional services like catch-up bookkeeping, payroll, or invoicing are priced separately.
How do I pay for your services?
I accept payments via ACH bank transfer, credit card, or PayPal. Payment is due at the beginning of each service period.
Do you require a contract?
I offer month-to-month services, so there’s no long-term contract required. If you ever need to pause or stop services, just give me a heads-up.
What if I need extra bookkeeping work one month?
If you need additional services beyond what’s included in your plan, we can discuss a one-time fee or adjust your monthly rate as needed.
Security and Privacy
Is my financial information safe with you?
Yes! I take data security very seriously. I use secure accounting software, encrypted communication, and strong password protections to ensure your financial data remains private and safe.
Will you have access to my bank account?
I use view-only or accountant access, which allows me to track transactions but not move money. If we use bank feeds, transactions will sync automatically without me needing direct access to your bank.
Custom Bookkeeping Services
Do you offer one-time bookkeeping services?
Yes! If you just need a one-time review, financial cleanup, or setup assistance, I can provide a customized service package.
Can I do some of the bookkeeping myself and hire you for the rest?
Of course! If you want to handle invoicing or expense tracking while I take care of reconciliations and reports, we can customize a plan that works for you.
Ending or Changing Services
What if I want to cancel my bookkeeping service?
I require 30 days’ notice if you wish to cancel. I’ll provide you with a final set of financial reports and ensure a smooth transition.
Can I switch to a different bookkeeping plan if my business grows?
Yes! As your business expands, we can adjust your services to match your needs. Whether you need payroll support, invoicing, or additional reporting, I can scale with you.
Still Have Questions?
Let’s chat! You can schedule a free consultation below. I’d love to help you simplify your finances!
