What industries does Magical Bookkeeping specialize in? +
Magical Bookkeeping specializes in providing bookkeeping and financial services to retail, food & beverage, and online service-based small businesses. They understand unique challenges like managing inventory and handling sales tax.
How does virtual bookkeeping work? +
Virtual bookkeeping allows management of financial records remotely using secure, cloud-based tools like QuickBooks. They handle everything from data entry to financial reporting while you focus on running your business. Communication is seamless through a client portal, email, phone, or video calls.
What makes Magical Bookkeeping different from other firms? +
Magical Bookkeeping differentiates through deep specialization in retail and e-commerce businesses, personalized service tailored to industry needs, excellent client support, and actionable insights to help businesses thrive. They focus on reducing financial stress and empowering clients with knowledge.
What is the minimum monthly fee for services? +
The minimum monthly fee for basic bookkeeping services is $285. They charge a value-based monthly rate that reflects the volume of transactions and specific details of the business.
Do they offer tax preparation and filing? +
While they do not handle tax filing directly, they provide support in preparing financial records for tax purposes and work closely with tax professionals to ensure accurate and complete records. They can refer clients to a CPA, EA, or other certified tax professional if needed.
How do they ensure data security? +
They use encryption, secure client portals, and follow strict confidentiality agreements to protect data. They adhere to best practices in data security and regularly update systems to safeguard against potential threats.
Can they help switch from a current bookkeeper or accounting system? +
Yes, they help ensure a smooth transition whether it involves migrating data, setting up new software, or refining current processes. Their goal is to minimize disruption to the business during the switch.
What is their process for getting started? +
Contact them to schedule a free consultation where they learn about your business, goals, and challenges. If needed, they may suggest a diagnostic review of your bookkeeping system before providing a quote. Once a plan is in place, they guide you through a seamless setup.
