Your Questions Answered
Q: Why would a business owner need to produce professional financial reports outside of tax season?
A: Professional financial reports are the "Passport" to your next level of growth. There are several major life and business journeys where having accurate, ready-to-print Profit & Loss statements and Balance Sheets is non-negotiable. Without them, your progress stays on hold.
Q: Will I need these reports if I am applying for a business loan or line of credit?
A: Yes. Whether you are applying for a traditional SBA loan, a line of credit to manage inventory, or equipment financing, lenders require at least two years of clean, professional financial statements. They need to see the "health" of your business before they invest in your vision.
Q: Do I need financial reports to purchase a home or personal real estate?
A: Absolutely. As an entrepreneur, your business is your income. When you apply for a mortgage, underwriters will scrutinize your business financials to verify your debt-to-income ratio. Having high-standard reports from Bookkeeper Lady ensures your personal dreams aren't delayed by disorganized business records.
Q: What if I decide to sell my business or bring on an investor?
A: This is the ultimate "Moment of Truth." An investor or buyer will perform "Due Diligence," which means they will look at every transaction you've ever made. Clean, transparent books increase the valuation of your company, while messy books can kill a deal instantly. We ensure you are always "exit-ready."
Q: Are reports necessary for scaling my team or office space?
A: Yes. Before signing a commercial lease or committing to a high-level executive hire, you need to see your "Burn Rate" and "Net Profit" clearly. You cannot scale an empire on a "gut feeling." Our reports give you the green light to grow with confidence.
Q: How do these reports help during a legal or marital transition?
A: In the event of a partnership buyout, a legal dispute, or a change in marital status, your financial reports serve as the objective truth. They protect your interests and ensure that your assets are valued fairly and accurately.
Q: How does virtual bookkeeping work?
A: We operate a 100% digital, paperless back office. Using secure, cloud-based tools like QuickBooks Online and Xero, we connect to your financial institutions to categorize transactions and reconcile accounts remotely. You get world-class expertise without the overhead of an in-house employee.
Q: What is "The 25th Promise"?
A: Consistency is our hallmark. The 25th Promise is our guarantee that your monthly financial statements—including your Profit & Loss and Balance Sheet—are delivered to your secure portal by the 25th of every month. No chasing, no waiting, just clarity.
Q: Do you handle my taxes?
A: We are the architects of your financial data, ensuring everything is "tax-ready." While we do not file income tax returns, we work directly with your CPA to provide them with clean, reconciled books. This saves you money on CPA hourly fees and ensures you maximize every possible deduction.
Q: Is there a long-term contract?
A: No. We believe in the value we provide, not in locking you into a cage. Our services are month-to-month. You can upgrade, downgrade, or cancel your plan at any time with 30 days' notice.
Q: What if I have more than 150 transactions?
A: Then you are ready for the Scaling Partner tier. This plan is designed for high-volume empires and offers unlimited transaction support, multi-channel reconciliation, and priority strategy support.
Q: Do we have to have scheduled phone calls?
A: We respect your time and your "Zone of Genius." Our process is designed to be "No-Call" and high-efficiency. We communicate through secure portals and video walkthroughs, allowing you to review your finances whenever your schedule permits.
Q: What if I don't have a subscription to QuickBooks or Xero yet?
A: If you are starting fresh, we will handle the setup for you. We will recommend the best platform for your specific business volume and ensure it is configured correctly from day one. You do not need to worry about the technical setup; we bring your business into the digital light so you can focus on leading.
Q: What if I already have an existing QuickBooks or Xero account?
A: We will simply be added as an external accountant to your existing subscription. This gives us the secure access we need to manage your books without you ever having to share your personal login credentials. We will perform a "Health Check" on your current data to ensure everything is aligned with our Golden Standard.
Q: Is the cost of the software subscription included in my monthly plan?
A: No. To ensure you maintain total ownership and sovereignty over your financial data, you will pay the software provider (QuickBooks or Xero) directly. This ensures that your records always belong to you, even if you choose to shift your path in the future.
