Lakeside Consulting

Accounting & Technology Solutions

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Frequently Asked Questions

Q: How do you save new clients money?

A: Not all businesses operate the same or have the same accounting needs. Keeping that in mind, we will come in for a free evaluation to determine what your needs are and if they're being met properly. In many cases we have found that the business was spending far too much on accounting and payroll, yet not getting the info required to make sound financial decisions.


Q: Will you save all new clients money?
A: Usually, but not always. We have found some businesses that weren't spending enough on accounting. However, in each of these cases the financial records were horrible or non-existent and the business owner had no clue where the money was going. Each of these clients have subsequently agreed they are now better off.

So now here comes the big question - Why would you want to pay someone else to re-do what you've already done?? Unfortunately, that's what most business people do. They really don't understand how to enter transactions properly, so they just pay someone else to re-do what they just did. If you're writing checks manually, the time and expense savings can be even greater.

Q: What are some of the methods you use?
A: Education - Proper implementation and training on an accounting system such as QuickBooks will go a long way to accomplish -
  • Time savings
  • Decreased bookkeeping costs (usually)
  • Increased financial knowledge
  • Savings on tax preparation
  • Job costing for contractors

Payroll - Another "one size doesn't fit all" situation. We will review yours and come up with the best payroll solution for your needs. Many businesses just go for the name brands in payroll companies which usually cost more money and aren't neccessarily the best. There are a number of alternatives. For instance, some smaller business owners are better off handling their own payroll using QuickBooks. It's much easier than most people think and we can help to make sure it's done correctly and that payroll taxes are deposited and filed properly. Today's technology has taken much of the complexity out of this process. You can do as much or as little of the process as you want and we'll pick up the slack on the rest of it. This method isn't for everyone, however, and there are other solutions we can assist with.

 

Bookkeeping Services - Many clients only want to deal with paying their bills and nothing more. We can develop a partnering arrangement where you take care of the tasks you feel comfortable with and we'll deal with the rest. The end result will be affordable financial statements that make sense to you and are easy for your tax accountant to work with at year -end.

 

Consulting - We can handle any ongoing financial and Controller services you may require at a reasonable fee. In essence, pay for a Controller's services ONLY when you need it. This will ensure your financial records are up to date and accurate. Given accurate financials, a Tax Preparer can reduce the time it takes for a tax return which should also reduce the fee.


Q: Can you just troubleshoot QuickBooks problems?

A: Definitely!