FAQ

At Prorata Accounting, we encourage business owners to focus on their core operations, such as paying bills and managing daily activities. While we handle monthly accounting and bookkeeping, we understand that some may prefer to manage bookkeeping internally. We allow this provided you have a professional bookkeeper on staff. However, be cautious—errors in bookkeeping can cause significant issues. We strongly recommend hiring a qualified professional to ensure accuracy.

Poor accounting practices can lead to inaccurate financial records, cash flow issues, tax penalties, and legal complications. It can also hinder your ability to make informed business decisions. To avoid these risks, it’s essential to maintain accurate and up-to-date financial records, either internally with a professional or by outsourcing to experts like Prorata Accounting.

Prorata Accounting manages all aspects of your monthly accounting, including bookkeeping, financial statements, and reconciliation of accounts. We use a systematic approach to ensure all records are accurate and provide regular reports to keep you informed of your business’s financial health. Our service aims to give you peace of mind and enable you to focus on growing your business.

We offer personalized, client-focused services, ensuring that every business receives the attention it deserves. Our team of qualified accountants stays up-to-date with the latest tax laws and financial regulations, offering both accuracy and efficiency. Additionally, we use advanced accounting software to ensure seamless and secure bookkeeping.

Monthly accounting involves tracking and managing your financial data throughout the year, ensuring your books are always up to date. This allows for timely financial decisions and eliminates the stress of preparing for tax season. Annual accounting, on the other hand, is done at the end of the fiscal year, which may result in missed financial opportunities or errors that could have been identified earlier.

Online outsourced accounting offers flexibility, accessibility, and often more competitive pricing. With Prorata Accounting, you get real-time access to your financial data, expert service from a qualified team, and the convenience of managing your accounting from anywhere. Outsourcing also allows you to focus on your business while we handle your financial needs.

If you’re experiencing slow or inaccurate financial reporting, tax filing issues, or a lack of insight into your financials, it may be time to switch accounting solutions. To make the switch, contact us, and we’ll guide you through the process. We ensure a smooth transition by reviewing your current records, setting up our accounting systems, and onboarding your team.

The cost of monthly accounting is determined by the complexity of your financial transactions, the number of accounts, and the services you require. Factors such as business size, industry, and frequency of financial reporting can also influence pricing. At Prorata Accounting, we offer customized pricing plans tailored to fit your specific needs.

Clients can securely share their financial data through our online portal or via direct communication with our team. We make the process seamless and easy, ensuring that all documents and information are securely stored and readily accessible for accounting purposes.