Frequently Asked Questions

 A bookkeeper focuses on the day-to-day management of financial transactions. They record income and expenses, manage invoices, reconcile bank accounts, and ensure the financial data is accurate and organized. Bookkeepers maintain the foundation of financial records that businesses rely on.

An accountant takes a broader view. They prepare financial statements, and assist with tax planning and filing. Accountants often interpret the records bookkeepers maintain and offer advice to help businesses make informed decisions.

Both roles are essential for a business’s financial health!

Our team is comprised of post-secondary educated bookkeeping professionals. Each of us are highly qualified and knowledgeable about the latest accounting practices, software and regulations with an average experience level of 10 years.

Every organization operates differently, which is beautiful. It has unique goals, structures, and financial activities. Factors like industry, business size, revenue streams, and compliance requirements all influence accounting needs.

For example, a retail business might require detailed inventory tracking, while a service-based business focuses on invoicing and time tracking. Nonprofits have specific reporting requirements for grants and donations, whereas startups may prioritize cash flow management and investor reporting.

Tailoring accounting services to fit these needs ensures accuracy, efficiency, and compliance, while also providing insights that align with each organization’s goals. One-size-fits-all solutions simply don’t meet the demands of diverse businesses, so we specialize in our industry to really hone in on the needs of our clients. 

We use QuickBooks Online (QBO) because it offers robust features, wide compatibility, and ease of use that meet the specialized needs of our clients. QBO integrates seamlessly with a broad range of apps and payment platforms, making it a versatile choice for businesses across various industries.

While other software may be more cost-effective, QBO’s functionality, reliable support, and frequent updates provide long-term value which provides much more leverage in our opinion than it's competition.

Balance in Books has experience working with clients in various industries, including proactive health & wellness, yoga, and community forward entrepreneurship.

Yes, Balance in Books offers remote accounting services to clients who are unable to meet in person or prefer to work with us virtually.