Common Questions
Answers to questions we hear often about bookkeeping, taxes, and accounting. Don't see yours? Get in touch.
What does full-service bookkeeping include for a small business?
Full-service bookkeeping at GMJ covers transaction categorization, bank and credit card reconciliation, and monthly financial reporting. Pricing starts at $225 per month and scales with your average monthly expenses by dollar amount.
Read answerHow often should a small business reconcile bank and credit card accounts?
Monthly is the standard cadence. Tie reconciliations to when statements close so issues are caught while they are still fresh. Bank feeds help with data entry but still need human review for duplicates, missing transactions, and miscoded charges.
Read answerHow do I know if my books are too messy to file my business tax return?
Several warning signs tell you the books need cleanup before tax filing, including unreconciled accounts, uncategorized transactions, mixed personal expenses, and missing payroll records. If two or three of these issues exist, your return will be delayed, inaccurate, or both.
Read answerWhat records should I gather before hiring a bookkeeper?
Pull together bank and credit card statements, payroll records, sales tax filings, merchant or POS reports, open invoices and bills, loan statements, prior tax returns, and access to your accounting software. Having these ready makes onboarding faster and helps your bookkeeper start producing useful work immediately.
Read answerHow far back can catch-up bookkeeping clean up old QuickBooks records?
There's no hard limit on how far back catch-up work can go. The practical scope depends on how many months or years are behind, whether bank and credit card statements are available, the condition of the existing QuickBooks file, and any upcoming tax deadlines.
Read answer
