You’ve got questions, and we’ve got answers! Frequently asked questions (FAQ) among women business owners usually fall into two categories: What value does a bookkeeper provide to me? And how do I find the right bookkeeper?
The FAQs below will answer those and more questions for you to help you determine:
If you have a question that isn’t listed here, email us. We love talking about how Gutsy Money does things differently on behalf of our clients and what that means for you (hint: it definitely means lower stress and higher profitability!).
Many bookkeeping companies simply record transactions and make sure the books are in compliance. In essence, they check the box and move on.
Pristine books are a great starting point (that’s where we’ll start with you too, kicking off with a free consult call), but they’re just the first part of being your partner in money matters.
We will hand you flawless books, but if you don’t understand what you’re looking at…then what’s really the point?
Gutsy Money is here to help women business owners like you forge unshakable financial foundations. This means you can confidently make smart, strategic moves to grow your business and your wealth. Book an intro call today to get the support you deserve to help your business flourish!
Accounting System Setup for New or Early Stage Businesses
Our Accounting System Setup service is for new or early stage businesses who are seeking a solid financial foundation from which to grow their business.
Past Books Cleanup/Catchup
Past books cleanup or catchup is for clients who have an accounting platform…in theory. But it has either been neglected or has gotten messy over the years. No matter how complicated, commingled, or ignored your books are, we will sort it all out for maximum accuracy, compliance, and usefulness. We’ll ensure your books can provide the data you need to make informed decisions!
Monthly or Quarterly Bookkeeping
Once you’re the proud owner of flawless books, we can prevent any future bookkeeping headaches while ensuring your books are correct and useful with our White Glove bookkeeping service, available monthly or quarterly depending on transaction volume and business type.
Financial Health Check
Not sure your DIY books are up to snuff and compliant? We’ll review all your work and provide a Financial Health Report that identifies any mistakes/changes/compliance concerns and present it in a 1-hour live consultation.
Financial & Business Optimization Coaching
In addition to being the bearer of brilliant business books (say that 5 times fast!), our true passion is business optimization and financial coaching. It’s one thing to organize your finances, but we are all about teaching our clients how to interpret their financial statements and use them to make informed business decisions, scale their growth sustainably, make and keep more money than ever, optimize tax efficiency, and generally kick business ass.
Business and Personal Tax Preparation
Our Accredited Tax Preparer has 25 years of experience with small and medium business taxes of all entity types and countless industries. We will prepare and file your Federal returns and State returns for business and personal.
Each month, we reconcile every account, categorize every transaction, and deliver clean, timely financials you can trust.
You’ll get digestible reports, personalized notes, and live insights—not spreadsheets that make your eyes cross.
Easily add on Payroll, Accounts Payable or Accounts Receivable management.
Every business is different, but most Gutsy clients’ monthly bookkeeping investments land between $305 and $1,850.
The good news is you never overpay for what you don’t need. We tailor your package to your size, complexity, and goals—no surprises, no hidden fees. Our services are prepaid, so there’s no hourly “wait and see” bill. Instead, our flat-fee pricing means you can budget and plan this investment in your solid financial foundation.
You bet we can! We take pleasure in creating a clean accounting structure for you.
We will create a flawless chart of accounts customized to your industry and specific business (in bookkeeping this means “all your stuff in one place exactly where it should be to tell the story of your business”).
Once we get your books set up or cleaned up, we’ll support your next steps. Plan to DIY? Sign up for a customized Quickbooks Training for Business Owners. In this live training, we’ll teach the bookkeeping foundations so you can carry on without us. For the most accurate and useful (not to mention stress-free) financial data, get ongoing support with our White Glove Monthly Bookkeeping.
You’re a fit if you want steady, strategic growth, clarity on where your business stands, and crave confidence that you’re making the right moves.
Whether your business is in its first year or your 15th, if you value collaboration, transparency, and our educational approach that makes your finances finally click, Gutsy Money is the team for you.
If your business operates in the United States (Gutsy is based in Colorado, and we serve all 50 states), our virtual bookkeeping team can help you. With Google Meet and our interactive portal for seamless communication and collaboration, we’ll feel like an extension of your team.
Startups and Early Stage Companies: We set up your systems right from day one. Learn about our Accounting System Setup here. Even if you plan to do your own books for a while, we make sure your system is set up properly from the start. We provide Quickbooks training if you need it. Ongoing live support is available via our Bookkeeper in Your Back Pocket service.
Scaling companies: Our bookkeeping, business advisory, and tax preparation services streamline, optimize, and help you make strategic, data-backed decisions while maximizing profits.
Haven’t touched the books in a while? –> Cleanup Time!
Ready to transition bookkeeping off your plate? –> Monthly Bookkeeping
Business advisory means we go beyond the books.
We’ll help you interpret your numbers, identify profit leaks, and map smart growth moves—without jargon, shame, or overwhelm. Think of us as your part-time CFO and full-time cheerleader.
Yep! We prepare both business and personal tax returns for all 50 states and integrate tax strategy into your bookkeeping, so you’re never caught off guard at year-end. Learn more about our tax preparation services here.
There are many accounting software platforms available to small businesses in the U.S., including Quickbooks, Wave, Xero, Sage, Zoho and more.
Quickbooks Online is the most popular for small and midsize businesses, because it is a comprehensive solution. This means it offers bookkeeping, but it can also be used for payroll, invoicing, payments, and more. Our clients can get 30% off a new Quickbooks subscription by using our firm discount.
While Quickbooks is used by many business owners for accounting, some people opt to use other more affordable providers for services like payroll.
At Gutsy Money, we use Quickbooks Online for our books and for most of our clients’ books. We may recommend other financial software tools, such as Gusto for payroll.
We help our clients choose the software that works best for their business considering factors like affordability and function.
Bookkeeper vs. accountant, tax preparer vs. CPA vs. TurboTax, in-house bookkeeper vs. outside bookkeeping firm…which professional can best help you?
A Certified Public Accountant (CPA) is a licensed professional. Certified accountants must pass a rigorous CPA exam and meet the education and experience requirements. CPAs must also attend ongoing continuing education to maintain their certification.
It takes a substantial time and financial commitment to become a certified public accountant and maintain the licensure. That means CPAs charge significantly higher rates than bookkeepers. This cost makes them unaffordable for most small businesses, which is actually fine—because their expertise is not necessary in most cases.
A Full Service Bookkeeper is a financial professional responsible for setting up and maintaining the system of recording and organizing a company’s financial transactions. This includes income, expenses, accounts receivable, accounts payable, payroll, and more. They keep the day-to-day books in order throughout the year. Their work generates data for the three financial reports that business owners review to make strategic business decisions.
Things that fall under the purview of a bookkeeper include setting up an accounting system, creating the Chart of Accounts, categorizing transactions, and handling regular bookkeeping tasks like payroll and 1099 management. Paying a CPA to do those things is like paying a surgeon to administer a flu shot. Your insurance company would never agree to pay for a surgeon’s rate for a procedure that a registered nurse could handle.
Likewise, entrepreneurs and business owners should not pay CPA rates for small business bookkeeping services.
You’re smart to want to enroll the right amount of help instead of overpaying for services and expertise you don’t need.
Bookkeeping is the process of entering, organizing, and tracking all financial transactions in a business. A bookkeeper will also summarize these activities with financial reports. In addition to entering and categorizing data, bookkeepers can manage accounts payable, accounts receivable, and payroll.
The extraordinary bookkeepers at Gutsy Money do more than input and organize the information to keep our clients’ businesses running smoothly. We teach clients how to understand and interpret their financial reports to get keen insights into their business. This is critical for our clients to be able to make informed business decisions. We call this the difference between risk taking and making smart, strategic moves.
Bookkeeping and accounting are not the same, but they do overlap. Read “Bookkeeper vs. Accountant: Which Professional Does Your Business Need?“ for more information. TL;DR: Gutsy Money offers both and much more.
There are many accounting software platforms, including Quickbooks, Wave, Xero, Sage, Zoho and more.
Quickbooks Online is the most popular for small and midsize businesses, because it is a comprehensive solution. This means it offers bookkeeping, but it can also be used for payroll, invoicing, payments, and more. Our clients can get their first month free plus 50% the next three months on a new Quickbooks subscription with our firm discount.
While Quickbooks is used by many business owners for accounting, some people opt to use other more affordable providers for services like payroll.
At Gutsy Money, we use Quickbooks Online for our books and for most of our clients’ books. We recommend Gusto for payroll.
We help our clients choose the software that works best for their business considering factors like affordability and function.
Bookkeeper vs. accountant, tax preparer vs. CPA vs. TurboTax, in-house bookkeeper vs. outside bookkeeping firm…which professional can best help you? You’re smart to want to enroll the right amount of help instead of overpaying for services and expertise you don’t need. That’s why we wrote this article detailing the differences between each.
