ELCO Bookkeeping
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ELCO Bookkeeping
  • Home
  • FAQ
  • Services
  • About Us
  • Contact Us

frequently asked questions

How do I know if I need virtual bookkeeping services?

  •  Are you spending too much valuable time organizing your books?
  • Have you been neglecting your books and are not prepared for tax filings?
  • Are you a new business and trying to keep track of it all is getting overwhelming?
  • Are you spending too much money on a full-time, in-house employee?
  • Would you like to have more time to invest into growing your business, or to spend on your personal life?

These are all great indicators that it's time to hire a virtual bookkeeping service!

What does a bookkeeping service do?

 A bookkeeping service offers a three-tiered approach to developing and maintaining your company’s overall financial processes and management.  

  1. Software Specialists - We do our business exclusively through QuickBooks online.  We can help you get set up with an account, or if you already have an account, we can tailor it to the specific needs of your business.  We will ensure that you have access to the software and reports you need. 
  2. Bookkeeping - We will track & categorize expenses and income and keep all your business’s financial transactions documented. We will perform monthly reconciliations and create & maintain monthly financial reports.  
  3. Checks and Balances - To ensure the company’s overall financial accountability, we regularly review the ledger for accuracy while also maintaining the integrity of all your business accounts. 

 

How can a bookkeeping service benefit my business?

Bookkeeping services implement—and maintain—a consistent financial process that strengthens the health of your company and helps to create and encourage uniformity in tracking, paying and reporting. The value of this is immeasurable as it insulates your business from many costly risks and gives you as a business owner invaluable peace of mind.

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