Q: What does a bookkeeper provide to help an owner better manage a business?

A: Financial Statements are critical to an owner, so he or she has accurate and timely information to make informed decisions.

The balance sheet and income statement are financial statements typically prepared by a professional bookkeeper at the end of the month. They are run after the books are closed and are submitted to a CPA to verify accuracy and then to the owners or management to apprise them of the financial health of the company.

The bookkeeper may also run a cash-flow statement and a statement of owner’s equity, depending on the needs and structure of the company. Owners or management may request periodic reports from the bookkeeper, such as job-cost reports or sales reports.

Q: What does a bookkeeper do that would be different than having an untrained family member of friend “do your books”?

A: Professional bookkeepers generally handle the full cycle of accounting duties or supervise others in the basic tasks, such as accounts payable. They code and enter vendor and expense invoices, run checks, bill customers and clients and prepare accounts receivables and aging reports. They typically prepare bank deposits and ensure that the correct general ledger accounts are debited or credited accordingly.

They reconcile monthly bank statements and monitor cash flow—calling concerns to the attention of the owner and/or accountant.
For companies with staff, bookkeepers process employee timesheets, run payroll checks, and handle government remittances for taxes, Canadian Pension Plan (CPP), and Employment Insurance (EI).

Many bookkeepers also prepare monthly and quarterly tax returns. A full charge bookkeeper typically handles all of a company’s banking needs, including reconciling monthly bank statements and monitoring cash flow.

Q: Are services provided by Solid Rock at the client’s office or at Solid Rock’s office?

A: Solid Rock Bookkeeping customizes its services to meet the needs of each client. Many clients prefer a mix of on-site service and remote. Some tasks are more easily completed at the client’s office, but many tasks are done more efficiently by being done off-site where there are minimal distractions. Discuss your preferences with Michele.

Q: Does Solid Rock charge for an initial consultation to determine if there is a good match for working together?

A: Michele will gladly provide a complimentary consultation. Just call 250-650-7625.

Q: Does Solid Rock bill hourly or by engagement?

A: Michele will work with each client to determine the tasks to be performed and will submit a proposal for billing, based on the initial discussion. As the client’s business grows, the bookkeeping “to do” list can change to accommodate the changes. There are no contracts.

Solid Rock Bookkeeping gives you the foundation you and your business deserve...and need.