Bookkeeping Solutions

F.A.Q.

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What is the difference between a bookkeeper and an accountant?
A bookkeeper handles the day-in-day-out financial record keeping and reporting. An accountant specializes in the preparation and filing of taxes. Having a good bookkeeper is just as important to the growing business as having a good accountant.

If I hire a bookkeeper or a bookkeeping service, will I still need an accountant?
Yes. We insist that all of our clients retain the services of an accountant.  We will work with them to prepare everything to their needs, thus saving them your company money on their fees come tax time.

What does “Full Charge Bookkeeper” mean?
A “Full-Charge” bookkeeper:  Maintains and handles all books through the adjusted trial balance.  Records assets, leases and expenditures and performs the monthly bank reconciliation.  Analyzes and corrects current-period errors in the general ledger.  Does the payroll, can file federal and state payroll tax returns and computes related deposits.

Can I afford to have BMS handle my company’s books?
BMS can help you both save and earn money. First and foremost, by outsourcing your bookkeeping, you are free to spend your time making sales and bringing in new business. Secondly, having your books done properly from the beginning helps you avoid the high costs of fixing errors at tax time. Also, we help you save by giving you expert bookkeeping without having to pay for a full-time, full-charge bookkeeper.  BMS, in its commitment to public service, provides discounts to not-for-profit organizations.

How often will I see the bookkeeper?
As often as your business and its needs demand. We do, however, recommend establishing a regular schedule with us to keep us up to date on your account.

Will it be the same bookkeeper every time?
Yes, whenever possible we will do our best to make sure you have the same bookkeeper. Additionally you will have a point-person on your account, someone personally familiar with and responsible for your books. You also have the advantages that come with a solid team of bookkeepers and the back-up of our administrative and support staff.

If I have a question or a concern, will I be able to reach someone?
Our office is open Monday-Friday 9:00 a.m. to 5:00 p.m.. You will always be able to reach someone within those hours or be able to leave a message knowing that it will get to the right person. Your questions and concerns will always be dealt with in a timely manner. We also can be reached via email and text most times of the day.

Does BMS guarantee my privacy?
Absolutely. Discretion and privacy are important to our firm and are guarantees we proudly make to our clients.

How do I know my bookkeeper will be someone I can trust?
With high standards and a diligent screening process, we make sure that anyone working on your books will be both able and trustworthy.