FREQUENTLY ASKED QUESTIONS
Bookkeepers are the financial record keepers for a business. They generally record & categorize transactions, process payroll, A/R & A/P, produce financial statements, etc. An accountant can do all of the above, in addition to interpreting & analyzing financial data, performing audits & preparing tax returns. A CPA is a certified public accountant that has been licensed through the state. They can also provide advanced tax support & represent a tax payer before the IRS, in the event of an audit.
WHAT ARE THE BENEFITS OF USING CLOUD BOOKKEEPING SOFTWARE?
IS THE CLOUD SECURE?
Compared to desktop software, there can be many security advantages when using cloud based software:
Reduced risk of data loss due to theft, damage, loss & viruses
Automatic data backup
Data encryption (same as online banking)
Each cloud service should have a detailed security policy listing data security measures.
WHAT ARE THE DIFFERENCES BETWEEN AN ACCOUNTANT, A CPA AND A BOOKKEEPER?
CAN THE CLOUD BOOKKEEPING SERVICES BE USED TOGETHER?
Yes! Quickbooks Online is your accounting hub. All additional expense, payroll, management & storage software can be seamlessly integrated.
Accessibility - available anywhere there is an internet connection
Automation - forgo mundane tasks & increase efficiency
Cost Reductions - less maintenance, no annual upgrades
Automatic Updates - always have the latest software
Integration - buildable & customizable
Environmentally Friendly - go green, reduce storage & paper use
Up to Date Data - always have access to the most current data