You’ve got questions, and we’ve got answers! Frequently asked questions (FAQ) among women business owners usually fall into two categories: Do I need a bookkeeper? And if so, how do I know who is the right one for me?
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 more 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!
Most clients will start with a Gutsy Money Books Cleanup or Accounting System Setup.
Setup is for new businesses or people who aren’t yet using accounting software; either new businesses or those who have been using paper accounting or just a business bank account.
Cleanup is for clients who have an accounting platform…in theory. But it has either been neglected or wasn’t organized right from the beginning.
Once you’re the proud owner of flawless books, we will either teach you how to maintain them yourself (DIY) or we’ll continue to handle them with our White Glove bookkeeping service.
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.
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.
Quite literally the best accountability crew for women business owners doing their own books.
Every month, Gutsy Money Crew* members can attend a Business Foundations Masterclasses (LIVE online & recorded for you to keep forever) plus a month-end call featuring
*This crew isn’t ride or die. We’re ride and thrive, baby!
You bet we can! In fact, the more lost or disorganized your finances, the more pleasure we take in creating a clean accounting structure for you.
We will take you from a shoebox of receipts to a flawless chart of accounts (in bookkeeping this means “all your stuff in one place exactly where you want it”).
Once we get your books set up or cleaned up, we can teach you how to carry on without us (DIY) or we can continue to manage them for you with our White Glove Monthly Bookkeeping.
TL;DR: We don’t have time for judgment. We’re too busy increasing your bottom line!
We’re a women-owned business catering to women business owners. We know (from personal experience and what our clients say) that many women feel intimidated by conversations about business finances. That’s why we have a “no dumb questions” policy – for our clients and our team. We work hard to foster an environment where everyone feels supported and taken seriously, never judged.
Look, bookkeeping, taxes, payroll, accounting software…these are complex topics. It’s our job to know about them and to teach you what you need to know to evaluate your success metrics, grow sustainably, and make Gutsy moves with your money.
We think it’s extra-rad that you’re ready to own your money in a new way. Jump on our email list, and we will keep you updated as we roll out new programs, courses and coaching options!
Oh us? Terra Rose and Jenna Lee? Because one name cannot possibly contain all of our awesomeness. Kidding. Kind of. We are a little “extra.” And that’s why we can hold space for you to be a little extra too…extra financially savvy, extra organized, extra passionate about your business, extra audacious when setting money goals, and extra wealthy. Extra extra wealthy.
At Gutsy, we aren’t about playing small – in our business or yours. So…you don’t have to have two names, but you do have to start viewing yourself as extraordinary.
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 our blog on this topic 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 20% 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? 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.
