Questions owners ask
Frequently asked questions
What does monthly bookkeeping include?
Monthly bookkeeping generally includes agreed account reconciliations, transaction categorization, financial statements, review of unusual activity, and a concise owner summary. The exact scope depends on the business setup.
Can CentsIQ clean up backlogged QuickBooks books?
Yes. CentsIQ can review the existing QuickBooks setup, identify unreconciled or miscategorized activity, clean up an agreed period, and transition the business to a recurring monthly workflow.
How much does bookkeeping cost?
Many CentsIQ clients pay between $300 and $800 per month. Final pricing depends on transaction volume, payroll, number of accounts, cleanup needs, and reporting requirements. CentsIQ uses flat monthly pricing rather than hourly billing.
How do I find a bookkeeper in Seattle?
Look for a bookkeeping provider that clearly explains its services, software experience, monthly reporting, cleanup process, pricing approach, and communication with your CPA or tax professional. CentsIQ serves Seattle, Bellevue, Kirkland, Redmond, Renton, Kent, and other King County communities.
What is the difference between a bookkeeper and a CPA?
A bookkeeper records and organizes financial activity, reconciles accounts, and prepares recurring reports. A CPA may provide tax preparation, audits, attestations, and other services that depend on their engagement. CentsIQ can coordinate with a tax professional using cleaner year-end records.
Can CentsIQ manage accounts payable and accounts receivable?
CentsIQ can organize bills, invoices, vendor obligations, customer balances, payment status, and related workflows where those services are included in the engagement. The exact process depends on the business and its systems.
Can CentsIQ help with advanced analytics?
Yes. Advanced analytics can connect accounting, sales, marketing, payroll, and operations data to help owners understand profitability, trends, return on advertising, customer behavior, and cash-flow patterns.
What is quality of earnings support?
Quality of earnings work reviews the sustainability and composition of reported profit. It may examine accounting files, tax returns, payroll, contractor reports, sales data, customer and vendor information, and financial statements for a buyer, seller, or advisor.
Does CentsIQ work with businesses outside Seattle?
Yes. CentsIQ serves small businesses in Seattle and King County and provides virtual support for businesses in other U.S. locations where the service is a fit.
Does CentsIQ prepare tax returns?
Bookkeeping and financial operations support do not automatically include tax-return preparation. CentsIQ can organize year-end records and coordinate with your tax professional where appropriate.
How do I get started?
Contact CentsIQ for a free consultation. The first step is a review of your current setup, cleanup needs, and the level of monthly support your business requires.