You do not have to feel lost in your books.
Answers to common questions about bookkeepers, accountants, payroll, accounts payable, QuickBooks, and tax support.
Answers before the first call.
You do not have to live in a constant state of anxiety over your books. The future of your business does not have to be a question mark.
Is it better to have a bookkeeper or an accountant?
Actually, it is better to have both. Bookkeepers make sure everything is categorized correctly and with enough detail to help you understand the business. Accountants usually handle tax forms, higher-level tax work, deductions, and strategic accounting services.
What exactly does a bookkeeper do?
A bookkeeper evaluates every transaction and accurately assigns it to a category or sub-category called an account. This creates useful reports for decision-making, tax filing, vendor management, waste spotting, and growth planning.
How much does a bookkeeper cost versus an accountant?
Bookkeepers are typically less expensive for recurring bookkeeping because they focus on the detailed monthly work. A virtual bookkeeper may cost $300 to $700 per month, while an outside accounting firm may cost $1,000 to $2,000 per month.
What services does McKamey Bookkeeping provide?
McKamey Bookkeeping offers done-for-you virtual bookkeeping using QuickBooks Online, including reconciliation, transaction categorization, financial reporting, and year-end preparation for tax filing.
Do you handle accounts payable or receivable?
Yes. Accounts payable and accounts receivable can be included while keeping the core bookkeeping functions accurate and reliable for financial reporting.
Do you provide payroll services?
Yes. McKamey Bookkeeping can assist through QuickBooks Payroll or coordinate with your payroll provider so payroll transactions are accurately recorded in QuickBooks Online.
Can you help if my books are behind?
Yes. Cleanup and catch-up support can help classify old transactions, reconcile accounts, review QuickBooks setup, and prepare better records before tax time.