Question 1

What information do you need each month?

Accepted Answer

You will generally need bank and card statements, sales or payment-platform reports, invoices, receipts, loan information, and explanations for unclear transactions. The exact list depends on your activity and agreed scope.

Question 2

Can you help if I am several months behind?

Accepted Answer

Yes. We first assess the periods and accounts outstanding and the quality of available records. Catch-up work is scoped separately before the regular monthly cycle begins.

Question 3

What does reconciling an account mean?

Accepted Answer

It means comparing transactions and the balance recorded in the books with the financial institution’s statement. Differences are investigated to identify omissions, duplicates, pending activity, or classification errors.

Question 4

What if I mix personal and business expenses?

Accepted Answer

You will need to identify which transactions belong to the business. Mixing accounts increases questions and review time. Bookkeeping can organize available records, but it does not automatically turn a personal expense into a business expense.

Question 5

Does monthly bookkeeping include the tax return?

Accepted Answer

Not automatically. Bookkeeping maintains and organizes the books; tax-return preparation is a separate service. The two can be coordinated so annual information arrives organized.

Question 6

Does it include payroll, sales tax, invoicing, or bill payment?

Accepted Answer

Not automatically. Those functions have separate processes and calendars. Before work begins, we confirm in writing which tasks are included and which require another scope or provider.

Question 7

What reports will I receive?

Accepted Answer

You receive the internal management reports defined in the scope to summarize categorized activity and reconciled accounts. FIN Solutions does not issue audited, reviewed, or compiled financial statements.

Question 8

Does bookkeeping include tax or entity-structure advice?

Accepted Answer

No. The service organizes and maintains records. It does not include tax advice or recommendations to choose or change an entity structure. Tax preparation is engaged separately and based on your current classification.

Monthly bookkeeping

How our bookkeeping process works

We understand your operation

We define the scope

We organize and categorize

We reconcile accounts

We close the month

We prepare the next cycle

Bookkeeping FAQs

Official recordkeeping resources

Let's begin