Frequently Asked Questions
What bookkeeping services does XCEL provide?
XCEL Bookkeepers offers comprehensive bookkeeping services including transaction records, bank reconciliations, invoice and bill management, payroll processing, and preparing financial statements. We use the latest accounting and bookkeeping software to ensure accuracy and efficiency in managing your business finances.
How can outsourcing bookkeeping save my business money?
Outsourcing your bookkeeping eliminates the need for full-time staff salaries, benefits, training costs, and overhead expenses. You only pay for the services you need, when you need them. This allows you to invest those savings back into growing your business while we handle the financial details professionally.
What accounting software do you work with?
We are proficient in all major accounting software platforms including QuickBooks Online, Sage, and other industry-standard solutions. We can work with your existing system or help you select and implement the best software for your business needs. We can import data from most major accounting software brands. Client training is available as well.
How often will I receive financial reports?
We provide financial reports on a schedule that works best for your business—whether that's monthly, quarterly, or annually. Our goal is to give you timely, accurate financial statements that help you make informed business decisions. We can also provide real-time access to your financial data through cloud-based systems.
Can you help with tax preparation?
While we focus on bookkeeping services, we work closely with tax professionals and can ensure your financial records are organized and tax-ready. We provide clean, accurate books that make tax preparation easier and more efficient. We're happy to coordinate with your CPA or tax advisor to streamline the process.
How secure is my financial information?
We take data security extremely seriously. All financial information is protected with bank-level encryption, secure cloud storage, and strict confidentiality protocols. We use secure file-sharing methods and follow industry best practices to ensure your sensitive business data remains private and protected at all times.
What size businesses do you work with?
XCEL Bookkeepers specializes in working with small to medium-sized businesses across various industries. Whether you're a sole proprietor, startup, or established company, we tailor our services to meet your specific needs and grow with your business as it expands.
How quickly can you get started with my books?
We can typically begin working on your books within a few business days of our initial consultation. The timeline depends on the complexity of your financial records and how much historical data needs to be organized. We'll provide a clear onboarding plan during our first meeting.
Do you offer payroll processing services?
We work side by side with your payroll processors.
What do we do to prepare for a new client relationship?
You can gather all of your bookkeeping data and records for our initial intake meeting.