Frequently Asked Questions
I have a bookkeeper (or I take care of my own records). And I have a tax accountant. So why do I need First Act Accounting?
Separate from but complementary to bookkeeping and tax preparation services, First Act Accounting specializes in providing advice and training on the accounting systems that best meet your needs. Our professional accounting knowledge combined with our expertise with tools such as QuickBooks® empower you to better assess and improve profitability — and to be better prepared to file taxes, pursue financing, supply records and meet other accounting requirements.
Does First Act offer bookkeeping and tax preparation services?
Yes, First Act can provide bookkeeping services upon request. However, to allow us to best focus on our niche of recommending and setting up the accounting tools your business needs to maximize its profitability, we do not handle tax preparation in-house but partners with local tax specialists to provide those services for our clients.
What accounting services does my small business really need?
For a list of some of our most frequently-requested services, please visit our Accounting Services page. At a minimum, your business needs an efficient, easy-to-use tracking system that will provide timely and relevant information to help control your cash, understand and improve the financial position of your business and monitor operating results. During your free initial consultation, we will discuss additional service options including customized solutions designed to meet the unique needs of your business.
How much should I expect to spend on First Act Accounting’s services?
During a free initial consultation, we will review your goals and develop a plan that caters to your needs. At that point we will be better prepared to discuss pricing. First Act Accounting offers a variety of payment options including hourly, per project and monthly retainer rates to work with your budget.
What do I need to prepare before meeting with you?
At First Act we strive to simplify things for our clients, which is why you don’t have to spend any up-front time preparing materials for us to review. By coming to your site to assess your situation in person, we have access to what we need, without demanding any more of your valuable time than what is absolutely necessary.
How much time will it take to get things set up?
Depending on the size and scope of your project, setting up a new accounting system can take anywhere from a couple of weeks to a couple of months. But most importantly, First Act works hard to minimize the amount of your valuable time required to get things up and running, handling research, software installation (if applicable) and data transfer so you don’t have to.
How often do I need your services or how do I determine a schedule?
First Act will work with you to determine a schedule that is best for you and your budget. Best of all, in addition to your scheduled services, First Act offers you the security of ongoing support that is never further than an e-mail or phone call away.
Will I need to purchase any software/supplies?
You do not need to purchase anything prior to your initial consultation. And if First Act does recommend the purchase of an accounting system, keep in mind that our status as a QuickBooks Pro Advisor entitles you to additional discounts on the latest software.