Straight & Narrow Bookkeeping
Straight & Narrow Bookkeeping
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Frequently Asked Questions

Do I need a bookkeeper if I have an accountant? What’s the difference between the two?

Contrary to popular belief, accountants and bookkeepers perform distinctly different tasks for the businesses they serve.  Bookkeepers are responsible for on-going maintenance of their clients general ledgers.  A bookkeeper’s common responsibilities consist of:


  • Compiling data on a daily basis
  • Categorizing expenses in the general ledger
  • Reviewing the general ledger for accuracy
  • Reconciling bank statements against the general ledger
  • Generating financial statements


Accountants, or CPAs, use the accurate and up-to-date general ledger maintained by the bookkeeper to provide advisory services, such as:


  • Analyzing the company’s financial data
  • Preparing income tax returns
  • Providing tax planning advice


How would Straight & Narrow Bookkeeping, LLC help my business?

Straight & Narrow Bookkeeping, LLC will give you a crystal clear picture of where your money is coming (and going).  When your books are up-to-date, you get an accurate measure of your business’s health, and can make smarter financial decisions.  Also, the time you save on not having to worry about keeping the books up-to-date yourself will give you the ability to focus more on the day to day functions of your business. 


Having accurate books pays off at tax time, too!  When your bookkeeping is up-to-date, you avoid missing out on any deductions or scrambling to get caught up before the tax deadline.


I’m behind on my books. Can you get me caught up? How long would it take to get me caught up?

Yes, we can get you caught up quickly, no matter how far behind you are (yes, even years behind)!  How long it takes depends on how many months of Catch-up Bookkeeping you need, but typically it takes us about 2 – 4 weeks to complete one year’s worth of overdue bookkeeping.


Do you only work with businesses that use Xero?

No.  We will work with any accounting software.  If you are currently using QuickBooks and it is working for you and your business, we will never force you to change.  If your business does not currently have an accounting system, we will show you the benefits of Xero vs. QuickBooks, but ultimately, it is the business owner's decision. 


Do you offer payroll services?

Yes, Straight & Narrow Bookkeeping, LLC offers Full-range Payroll Processing Services.  We can set you up with a cloud payroll system that connects with your accounting software.  We will ensure the details from each pay run are accounted for in your financial records and reconciled against your bank statement each month.


Can you do my taxes?

We don’t file your taxes with the IRS, but we will ensure your books are accurately updated throughout the year so you’ll be set up perfectly for tax time.  We prepare a Year End Financial package that contains everything you need to file.


If you have a CPA, we’ll work with them directly.  We can even give your CPA their own Xero login, so you don’t have to worry about emailing back and forth or sending them your files.


If you don’t have a CPA, we can set you up with one we trust.


Will you only provide remote bookkeeping services? Can you provide on-site bookkeeping?

We offer the best of both worlds!  While we preform all of our work remotely, you will have one dedicated bookkeeper who will routinely visit your place of business to deliver financial updates and to receive any pertinent information/documents.  For much less than it costs to hire an employee, we will work with you in an ongoing partnership to provide all of your accounting and bookkeeping needs.  It is our Commitment!


How much does it cost?

Straight & Narrow Bookkeeping, LLC charges an all-inclusive, flat monthly fee for our Write-up Services based on your needs and requirements.  We believe charging a flat, monthly fee makes things cleaner and clearer (for both parties).  The frequency of the services performed, the level of activity and the complexity of the account will all affect the monthly fee.  Fees can start as low as $400 per month.


Clean-up and catch-up bookkeeping, and other Additional Add-on Services, may be quoted at an hourly rate starting at $40 per hour.  


Click here to Request-a-Quote tailored to your business's needs and requirements.


What is the best way to get started?

Give us a call!  267-495-4883


We offer a FREE, no-obligation consultation to determine what your needs are and to see how we can best serve you and your business.  Contact us today!


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