FAQ

At Square Accounting, we prioritize clear and efficient communication with our clients. We establish dedicated communication channels, such as email, phone calls, and online collaboration platforms, to ensure seamless and timely communication. Our team is responsive and readily available to address clients’ questions or concerns.

While Square accounting is in charge of your accounts department, managing all the monthly bookkeeping tasks, bank reconciliations, and cash flow analysis, you can focus on your business operations that require immediate focus, such as paying your bills.

With 15 years of experience, Square Accounting has gained the knowledge and expertise to support companies with their financial management and tactical choice-making, which can help to increase profitability. It’s crucial to remember that several variables besides accounting services also affect profitability. Square Accounting works on identifying the areas for improvement, maximizing revenue streams, controlling costs, and making wise financial decisions.

Yes, by analyzing all your receivables data and payment patterns, we can provide insights into expected cash inflows, allowing your business to make informed decisions regarding cash flow management, budgeting, and financial planning.

Yes, SquareAccounting can assist with expense tracking and reimbursement processes. We implement efficient expense tracking systems and accurately record and categorize expenses. We can also assist in preparing reimbursement reports for employees or stakeholders.

Square Accounting follows a systematic approach to ensure accurate and timely vendor payments. We review and reconcile invoices against purchase orders and receipts, maintain a clear payment schedule, and implement controls to verify the authenticity of vendor information and payment details.

Yes, Square Accounting offers credit control and debt collection services, including credit checks, setting credit limits, and diligent follow-up on overdue invoices.

Absolutely. Square Accounting can streamline invoicing processes by implementing efficient invoice generation systems, ensuring accurate and timely delivery of invoices to customers, and providing options for online payment, improving cash flow and reducing administrative burdens.

Absolutely, Square Accounting has experience working with e-commerce companies that have a multi-geographical presence. We can assist in managing their financial transactions, tracking sales, handling international tax requirements, and ensuring compliance across different regions.

Accounts payable is a liability, so it should always have a positive balance. The accounts payable can be both credit and debit.

Yes, Square Accounting can handle complex payroll administrations for businesses. The team has the expertise and experience to manage various aspects of payroll, including calculating wages, deductions, and taxes, ensuring compliance with payroll laws and regulations, and generating accurate payroll reports.

Effective cash flow administration by Square Accounting can greatly benefit your small business in several ways. Square Accounting’s expertise in managing cash flow will help you maintain a healthy financial position and navigate through the challenges often faced by small businesses. By closely monitoring your cash inflows and outflows, Square Accounting can provide valuable insights and help you make informed decisions about pricing, expenses, and investments.

The specific pricing structure for Square Accounting’s services may vary based on the scope of work and individual client requirements. However, we generally offer transparent and flexible pricing models to accommodate different business needs. Some common approaches to charge for our services may include – Fixed Fee Packages, Monthly Retainer & Customized Pricing.