Frequently asked questions

Common Queries We Receive About Our Company, Bookkeeping Services, and Managing Small Business Finances

FAQs

General Questions About Remote Bookkeeping

What is outsourced bookkeeping?

Outsourced bookkeeping is a service where a firm provides business owners with experienced bookkeepers who can manage the company’s bookkeeping needs. Typically, an outsourced bookkeeper will prepare financial reports, manage accounts payable, accounts receivable, and other aspects of the business’s finances.

Can my company’s bookkeeping be done remotely?

Nearly all businesses can take advantage of a remote bookkeeper. Most of the work a bookkeeper does can be completed using a computer and internet connection, which means your bookkeeper can easily operate from anywhere in the country. You’ll just need to take the required steps to grant the remote bookkeeper access to any accounts or data they need to operate.

What are the benefits of a remote bookkeeper?

Remote bookkeeping services can provide huge cost savings for small businesses. With a remote bookkeeper, you can save by not paying a salary, taxes, office supplies, and equipment costs you’d normally spend on an in-person bookkeeper.

Also, Remote Quality Bookkeeping employs experienced remote accountants who understand the unique needs of small businesses and franchises. They will ensure that everything is done correctly and can often manage your books in less time than someone can from your office.

Are there any risks with outsourced bookkeeping?

If you currently handle your business’s bookkeeping on your own, you may worry about relinquishing control to someone else. However, a good remote bookkeeper will establish a solid communication plan from the beginning so you always feel involved and aren’t blindsided.

In many cases, remote bookkeeping services help you cut down on financial errors and ensure that everything meets necessary rules and regulations. These experts will also take necessary steps to ensure your data remains safe and confidential.

Do remote bookkeepers prepare my taxes as well?

Most remote bookkeepers focus on the day-to-day aspects of your business’s finances. They know what you need to do to keep the IRS and other government entities happy, and they work alongside your CPA or tax preparer to ensure that your taxes are filed correctly year after year. If your books are being maintained correctly, then there’s very little left to do when it’s time to file taxes.

Questions About Remote Quality Bookkeeping

Can I use my current CPA?

Yes, we work with numerous CPAs and encourage introductions with your CPA so that we may better serve your needs alongside your CPA.

Do you offer tax services?

While we are suited for that offering, we do not keep up with the certifications and changes to the tax laws. We focus on providing excellent bookkeeping, payroll, and HR services, then partner with CPAs who can provide tax services for you. In 25 years of service, we have never regretted the relationships we have formed with numerous CPA firms.

What's involved in your bookkeeping services?

Remote Quality Bookkeeping provides complete bookkeeping services for your business. During our demo call, we will provide a list of recommendations based on your individual business needs.

Our bookkeeping services include:

  • Weekly and monthly reconciliations
  • Accounts receivable services
  • Accounts payable services
  • Sales and meals tax services
  • Franchise reporting (if needed)
  • Year end support
  • Qvinci benchmarking
  • Inventory reporting
  • Training and support

By relying on a remote bookkeeping firm like ours, you can ease the strain on your resources and grow your business over time.

What's involved in your accounting services?

Remote Quality Bookkeeping’s accounting services allow our top level accountants to all work together on your account in real time.

Our accounting services include:

  • Budget monitoring to actual figures
  • Rolling forecast creation
  • Report generation so you have access to any financials you need
  • QuickBooks services, including scanning, posting, and processing invoices
  • Balance sheet account reconciliation

With our accounting services, a team of professional accountants, including a CPA and CFO, will manage everything remotely. You’ll have access to everything 24/7 thanks to our secure servers.

What's involved in payroll services?

Remote Quality Bookkeeping provides a variety of payroll services options for you to choose. We will work with you to select the options that are best for you.

Our payroll services include:

  • Paycheck creation
  • Direct deposit processing
  • Weekly payroll reports
  • Filing all necessary reports and tax information
  • Job costing
  • 1099 services (if needed)

Additionally, Remote Quality Bookkeeping offers you the option of entering employee hours yourself, having RQB enter employee hours, or third-party timesheet integration. By collaborating with us on your payroll needs, you won’t have to worry about whether or not your employees are paid correctly and on time anymore.

What’s involved in your forensic accounting services?

Many businesses fall behind with their bookkeeping responsibilities and their taxes. Unfortunately, this makes it easy for fraudulent activities to occur, whether you mean for them to or not.

Our forensic accounting services help you get back on track. We look through everything with a fine-tooth comb to track out any instances of fraud, theft, embezzlement, or lax accounting practices. We also help you generate any missing material so there aren’t holes in your books, and correspond with the IRS on your behalf to ensure everything is ready for your annual return.

Why should I choose Remote Quality Bookkeeping?

Whether you’re looking to outsource just a few tasks or your entire bookkeeping department, our outsourced bookkeeping services can help your busy business. When you work with Remote Quality Bookkeeping, you get a team of certified Intuit QuickBooks Pro Advisor bookkeeping professionals, plus certified accountants, with over 25 years of experience. Our unique team approach ensures your books are always accurate and up-to-date all for a single monthly fee!

How do you ensure my financial data is safe?

Remote Quality Bookkeeping takes data security seriously. We follow the most stringent data regulations in the country and have multiple layers of data protection installed. We host all client data in a state-of-the-art data center in Dallas, Texas with 24/7 surveillance monitoring. It has redundancy in every aspect of the network. Our dedicated servers are always backed up to multiple locations across the country. There are multiple generators to keep the servers running.

What happens if I notice an issue or have a question?

Our server supports remote contact, meaning you can simply log in and call us remotely. An RQB staff member will connect with you in a matter of seconds to walk you through any questions you have. What’s more, we can even use our remote connections to take control of your mouse and keyboard to adjust anything on your end instantly. Our clients often feel as if we are in the next room because our remote sessions provide the feeling of an in-house bookkeeper without the hassle.

Does Remote Quality Bookkeeping use QuickBooks?

Yes, RQB uses QuickBooks with all of our clients who opt in for remote bookkeeper services. However, we take things one step further by using the Qvinci app with QuickBooks to allow for individualized dashboards and reporting for each client.

With our bookkeeping services, we can customize your QuickBooks dashboard according to your specific needs. Then, we can install an automated report delivery directly to your email or smart phone app without so much as one touch of a button!

Questions About My Business Finances

How can I achieve a successful business model?

At Remote Quality Bookkeeping, we believe you need an accurate picture of your business’s finances that includes both plans for the future and data on your company’s current performance. By following the model we establish for you, you can achieve financial success and continue to scale your business as it grows.

What do franchise owners need to know about finance?

Franchises come with lots of complicated financial data to manage. Therefore, franchise owners need to understand items like balance sheets, income statements, cash flow statements, and a standardized chart of accounts. These statements should all be updated and carefully evaluated monthly so you can identify your franchise’s strengths and improve the areas of weakness. A team of remote bookkeepers like Remote Quality Bookkeeping can help you generate all of these reports and evaluate other data so you can keep your franchise running smoothly.

What are the most common bookkeeping mistakes small business owners make?

When it comes to bookkeeping, even small errors can cost the company thousands of dollars. Therefore, you need to avoid even the most common mistakes at all costs.

Some common bookkeeping mistakes small business owners make include:

  • Improper record keeping
  • Inaccurate categorization of expenses and income
  • Inappropriate cash management
  • Inaccuracies with sales tax collection and payment
  • Not reconciling bank statements
  • Not hiring a professional accountant to manage the books

Thankfully, all of these issues can be solved by hiring an outsourced bookkeeper who knows what they’re doing.