Frequently Asked Questions

Absolutely! While you excel in your field, handling bookkeeping may not be your expertise or passion. Instead of investing your precious time in this task, consider the benefits of having a dedicated professional on your team. Their expertise can help you save valuable time, reduce costs, and alleviate stress in the long term.

There are several reasons why handling your own bookkeeping may not be the best option, even with the help of QuickBooks:

1. Your primary focus: When you started your business, was bookkeeping the main reason behind it? It's essential to consider whether your core expertise lies in bookkeeping or if your passion lies in running and growing your business.
2. Specialized skills: Bookkeeping requires a certain level of expertise and knowledge. Are you truly proficient in bookkeeping practices, accounting principles, and tax regulations? If not, it might be challenging to accurately manage your financial records and ensure compliance.
3. Intuitiveness: For many people, bookkeeping is not an intuitive task. Even with software like QuickBooks, which aims to simplify the process, it can still be confusing and time-consuming to understand and input the right information accurately.
4. Time allocation: Is it a better use of your time and resources to focus on your core business activities rather than spending hours on bookkeeping? Your energy and attention might be better directed towards serving your customers, developing strategies, and growing your business.
5. Limitations of DIY: While handling your own bookkeeping might work initially, as your business grows and becomes more complex, the intricacies of financial management can increase significantly. Similar to attempting electrical work without proper expertise, relying solely on DIY methods may lead to mistakes, inaccurate financial information, and potentially detrimental business decisions.
6. Accuracy and compliance: Submitting incorrect financial information to your tax preparer can result in penalties and legal issues. By not having a trained eye review your records, you risk missing errors or inconsistencies that could trigger problems with the IRS. Additionally, making business decisions based on flawed financial data can have adverse effects on your operations and growth.

Considering these factors, it's worth evaluating whether seeking professional bookkeeping assistance or outsourcing this task would be more beneficial for your business, allowing you to focus on what you do best while ensuring accurate and reliable financial management.

It is crucial to maintain a clear distinction between your personal and business finances. At the very least, having separate bank accounts is essential. 

Ledger Logic Accounting Services works with individuals, small businesses, and corporations across a variety of industries.

Yes, we offer remote accounting services to clients across the United States. We use secure online platforms to communicate and exchange information with our clients.

The cost of our services varies depending on the type and complexity of the work involved. We offer competitive pricing and will provide a free quote for any project.

During the initial consultation, we will discuss your business needs and determine how we can best assist you. We will also provide you with a customized quote for our services.

Yes, Ledger Logic Accounting Services can handle all aspects of payroll processing, including calculating and filing payroll taxes, issuing paychecks, and maintaining payroll records. We can customize our payroll services to meet the unique needs of your business.