Abacus Advisors

FAQs

What is bookkeeping and why do I need it?

Bookkeeping is the meticulous art of tracking and recording a business’s financial transactions.  Maintaining accurate records and supporting documentation is essential for tax preparation and decision making.

How do I know if Abacus Advisors is a good fit for me?

If you are ready to realize your dreams and prioritize your financial potential, let’s talk. We are committed to your success.

What type of bookkeeping services do you offer?

We specialize in QuickBooks and are QuickBooks Online Certified ProAdvisors. We work remotely, and utilize cloud-based software for easy, secure document uploads and data transfer.

What is a QuickBooks Certified ProAdvisor?

A QuickBooks ProAdvisor is a bookkeeping professional that is trained, tested and certified by Intuit based on their QuickBooks knowledge and proficiency.  

How does monthly bookkeeping work?

We record and categorize day-to-day transactions through QuickBooks to compile and analyze financial statements, specifically the Balance Sheet and Profit and Loss reports.   

What is your hourly rate?

Our value-based flat fees are based on the size and complexity of your business. We work with you to understand your needs and happily provide a written proposal within 24 hours. 

Will my financial data be secure and confidential?

Cloud based accounting systems use digitized records. These systems have the same level of encryption as major banks, using strong password and hashing algorithms so your offline accounting stays hidden. 

How will we communicate and how often?

We understand that getting your questions answered in a timely matter is important. No more waiting on “hold” or email tag with QuickBooks support.  When you partner with Abacus Advisors, monthly or quarterly calls to review financial statements are standard. During business hours, clients can always reach us by phone, text, or email.

When and how do I send my documents to you?

When clean-up work is indicated, we provide you with a required documents list. Monthly bank statements and receipts can be uploaded and shared securely within QBO software, or through cloud-based storage such as Dropbox.

What if my books are not up to date, or a big mess?

That’s ok, we can help clean up any missing, messy, or duplicate transactions from the past to get things back on track.

What if I need assistance with special projects or tax compliance?

Let’s talk about it!  We love troubleshooting and solving puzzles. Let us help you optimize your business by thinking outside the box.  

What if I need tax preparation?

Tax prep is a specialized field and outside the scope of our services. However, we can close your books at year end and get you organized for tax time. We can recommend a tax professional for you, or provide your CPA with whatever they need to file on your behalf.