Frequently Asked Questions (FAQ)
If your bookkeeping question isn’t answered below, please contact us.
Absolutely not! You still maintain 100% control of all decisions and all checks are still signed by you. You decide what vendors get paid and when. We provide with the information and perform the specific task, but you approve all invoices for payment and sign all checks.
You will have one bookkeeper assigned to your account with OutSource Your Books. This person will work on your account, master your unique processes, and be responsible for day to day servicing of your account.
Each OutSource Your Books bookkeeper is supported by an Account Team that provides internal support, and functions as a backup & review on your account.
In general, our costs have proven to be less than our clients were paying for their accounting staff. Our fees are based on the volume and complexity of each client. We determine the scope of services and establish a fixed monthly amount so you can manage you budget.
The cost of properly setting your books up and maintaining them is far more cost effective than having your CPA fix and correct them at year end. In addition, the benefits of having accurate and useful reporting during the year can assist in all aspects of running your business.
We encourage you to take advantage of our free bookkeeping consultation and learn what the precise costs for your business would be.
Quickbooks is the general accounting software that we recommend and we are experts in its usage. We also have experience in other standard accounting software. Additionally, we have working knowledge of many industry specific software.
NO. We perform bookkeeping services only and take guidance from your current CPA. Since we do not perform tax or attest services, your CPA does not need to be concerned that we are here to replace them. We value your relationship with your CPA and look to enhance the day-to-day record keeping so your CPA can make informed decisions. OSYB helps eliminate the frustration that can arise between the CPA and the clients due to inadequate bookkeeping — the client believes they are charged too much by the CPA for simple bookkeeping service, and the CPA cannot charge full value for his or his staff’s time for bookkeeping services.
Only with your permission! By allowing your accountants and advisors access to your data, they can review or change your data files whenever they need to.
No one can have access to your data without your company’s express permission, this includes your CPA, advisors, and specific employees. We can also set up restrictions so that certain functions can be limited to those you do allow access.
Right now if you are like most of us, your accounting records are in an unlocked file cabinet or worse, sitting on someone’s desk. We take security very seriously and are constantly looking at our systems. We utilize 128-bit SSL encryption enabling clients to verify authenticity and to securely communicate with our servers. In order to get your data file there are 2 levels of restrictions and passwords that must be successfully entered.
We focus on doing one thing and doing it right. We do not perform audits, reviews, and compilations, or provide opinions on your financial statements. We will assist and coordinate these functions with your current CPA to ensure that they have the necessary information to prepare these for you.
Still have questions? We invite you to contact us or request a free bookkeeping consultation.