Frequently Asked Questions

Bookkeeping Q&As

What is the meaning of outsourced accounting or bookkeeping?

Outsourced accounting is when a business hires a company or person outside their company to handle the day-to-day accounting transactions for their business.

What are the advantages of outsourced bookkeeping?

When you are the owner of a small to medium-size business, you are responsible for many tasks; your focus should be on establishing and growing your business and not worrying about documenting transactions or struggling to figure out accounting software. Outsourcing your company’s bookkeeping saves you time and money by eliminating paying full-time or part-time wages and benefits to an employee. Outsourcing allows you to have full-time knowledge on your team without paying for it around the clock.

Can an outdated bookkeeping system be optimized?

No matter what condition your business bookkeeping system is in, we can work with you to rebuild a system that works for your current business needs. We have the necessary resources and expertise to revamp and optimize your system.

Are bookkeeping services affordable?

The price of bookkeeping services depends on the number of transactions and the complexity of services that your business requires. Scalability of bookkeeping services is a great benefit that allows companies to customize services to meet their bookkeeping needs. We customize our services, so you pay for what you need, nothing more, nothing less.

Do I need bookkeeping services if I have a CPA?

The bookkeeping services are in no way intended to replace a CPA. By organizing and streamlining your books, we make the most relevant data accessible to your CPA, facilitating accurate financial analysis to make informed business decisions.

Accounting Q&As

How do I know if I need professional accounting services?

Business owners must track their revenues, expenditures, and profits. Yet most business owners lack proper accounting knowledge, which can lead to issues like improper taxation or chaotic bookkeeping. Professional accountants can ensure your firm is compliant and translate the data for you so that you have a clear picture of what is going on in your company.

What software is best for accounting?

We use and recommend QuickBooks for all general accounting needs. As a QuickBooks Certified ProAdvisor, we are equipped to train you and your staff to use this versatile software properly.

Payroll and Taxes Q&As

Does OCB firm offer tax help for businesses?

We provide sales tax and payroll tax assistance and advice for businesses.

Do payroll management services help my business if I do not have many employees?

You may think that managing the payroll of a small team would never create any major problems; however, a mismanaged payroll system can jeopardize your entire business. Professional payroll management eliminates this risk and keeps your payroll practices straightforward and legal.