FAQs
Welcome to DECO Accounting Services’ no judgment zone. No question is too basic, no query too embarrassing.
Have more questions? Submit your inquiry to us to find out if it meets the ‘FAQ’ standard for inclusion!
how does bookkeeping differ from accounting?
A bookkeeper handles the day-to-day recording of financial transactions – think invoices, expenses, reconciliations. An accountant analyzes that data to provide financial reporting and strategic advice. Bookkeepers organize; accountants interpret. A growing business often needs both.
why is bookkeeping important for a small business?
Bookkeeping is important for a small business because it keeps a business’s financial records accurate, organized and up to date. This provides stakeholders with a clear view of cash flow, expenses and profitability. Without reliable books, decisions get shaky, tax filings become risky, and compliance falls through the cracks. It’s the foundation that supports smarter strategy, smoother audits and long-term financial health.
IS BOOKKEEPING A GOOD JOB?
Well, we love it but acknowledge a bit of a bias. Off the tops of our heads, bonuses include: high demand/job security, flexibility and remote opportunities, and a tangible impact.
It can be repetitive at times, but we take our Quality Assurance responsibilities seriously!
HOW DO BOOKKEEPERS CHARGE?
Generally, bookkeepers charge one of three ways: by the hour, by monthly retainer and / or by engagement. At DECO, we use the hourly model.
what does “bookkeeping by accountants” mean?
As we’ve mentioned, a bookkeeper organizes your books and an accountant interprets the information. At DECO, we approach bookkeeping from an accountant’s perspective: what key inputs will yield a clear picture for interpretation? How will our reports of today lead to actionable insights that influence a more-profitable tomorrow?
IS BOOKKEEPER ONE WORD OR TWO?
It’s one word: bookkeeper. Even though it looks like a compound (book + keeper), it’s been a single word in standard English for centuries. The double “k” and triple repeating letters make it quirky, but grammatically correct. Consequently, no Blank Space (to write your name or anything else).