Frequently Asked Questions

WHAT KIND OF

RECORDS DO I NEED

TO KEEP FOR MY

BUSINESS?

Complete and accurate financial record keeping is crucial to your business success. Good records provide the financial data that help you operate more efficiently. Accurate and complete records enable you to identify all your business assets, liabilities, income and expenses. That information helps you pinpoint both the strong and weak phases of your business operations.

Moreover, good records are essential for the preparation of current financial statements, such as the income statement (profit and loss) and cash-flow projection.

DOES MY ACCOUNT

NEED TO BE

ONLINE?

It is imperative that you automate your bookkeeping. As your virtual C.F.O. we would require you to use either Quickbooks® or Xero® accounting software on-line. This is the most effective and efficient way for us to service your accountancy needs. We are prepared to help you with the transition and offer services in training. We are certified Quickbooks®  and Xero® trainers and on-line Pro-Advisors.  Accuracy and efficiency are the keystones for being able to judge if you are accomplishing your goals.