Bookkeeping for Long Island's service-based businesses and nonprofits.

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Questions

Answers to questions small business owners and nonprofits ask about bookkeeping, how we work, and what to expect.

What is the difference between a bookkeeper and an accountant?

A bookkeeper handles day-to-day financial records like categorizing transactions, reconciling accounts, and producing monthly reports. An accountant or CPA handles tax filing, audits, and strategic financial advice. Most small businesses need both, with the bookkeeper keeping books clean throughout the year so the accountant has accurate records at tax time.

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Do I need a bookkeeper or can I do it myself?

DIY bookkeeping works when your business is small and transactions are few. It breaks down as volume grows, reconciliations slip, and the hours spent on books take you away from billable work. The real question is whether your time is better spent elsewhere.

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How do I know when it is time to hire a bookkeeper?

If your books are months behind, you're avoiding looking at your numbers, or tax season feels like a scramble, it's probably already time. The warning signs usually appear long before business owners act on them.

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How much does a bookkeeper cost for a small business?

Most small businesses pay $200 to $2,000 per month for outsourced bookkeeping, depending on transaction volume. Pricing typically scales with your monthly expenses because more transactions mean more work to categorize and reconcile.

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Is it cheaper to hire a bookkeeper or do my own books?

DIY bookkeeping looks cheaper until you factor in your time, error risk, and cleanup costs. For most small business owners, professional bookkeeping costs less in the long run than the hours and mistakes of doing it yourself.

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What does a bookkeeper actually do each month?

A bookkeeper categorizes transactions, reconciles bank and credit card accounts, and delivers monthly financial reports. This rhythm keeps your books accurate and current throughout the year.

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