Certainly! Each CFO Enrollment - Bookkeeping packages are tailored to your business needs, which can evolve over time. As your requirements change, we're here to help you transition to the subscription that best suits you.

After your subscription ends, you retain login access and won't lose your data on our platform. You can easily export all reports to Excel for sharing with your accountant or a new bookkeeper. If you prefer to delete your data permanently, we can do that as well—it's your information, so it's your choice. Additionally, if there is no subscription activity for one year, we automatically delete your data.

During your Quick Strategy Session, we'll guide you through the services included in each CFO Enrollment - Bookkeeping bundle to help you choose the best fit for your business.

We use QuickBooks Online or Xero to manage your books at CFO Enrollment - Bookkeeping. You won't need any additional software, as all operations are handled within these platforms. Additional applications are only used upon client request.

Every report generated can be exported to an Excel file for convenient sharing with business partners or accountants. These reports are read-only.

Your bookkeeper handles account reconciliation, transaction categorization, and financial statement preparation, ensuring your books are tax-compliant. They may occasionally request your input to accurately categorize transactions, but overall, the process requires minimal effort from you.

For additional support, you can contact your bookkeeper via call or message at no extra cost. As your business focuses on growth, consider upgrading to our CFO services for more comprehensive financial management.

Bookkeeping involves systematically recording daily transactions, essential for gathering the financial data needed to operate a successful business. It includes:

• Recording financial transactions
• Posting debits and credits
• Producing invoices
• Preparing financial statements such as balance sheets, cash flow statements, and income statements
• Maintaining and balancing ledgers, subsidiaries, and historical accounts
• Completing payroll

A general ledger, a crucial component of bookkeeping, tracks amounts from sales and expense receipts. The frequency of ledger postings correlates with the volume of sales. While ledgers can be maintained through specialized software, spreadsheets, or manually, digital methods are recommended for accuracy and compliance.

Bookkeeping complexity varies with the business size and transaction volume. It is vital to record all sales and purchases in the ledger, complying with IRS documentation requirements for certain transactions.

All work is meticulously reviewed by senior accountants and adheres to the best practices aligned with the industry standards relevant to your business. This structured approach ensures that your financial records are accurate, reliable, and prepared for analytical and compliance purposes.