Frequently Asked Questions
What is the difference between bookkeeping and accounting?
Bookkeeping includes data entry and aligning all of your transactions in the right place, whereas Accounting sees the broader picture of your business and can provoke your thinking so that you better understand your own business.
Do I need accountants in every country I do business in?
It’s important to have a CPA in every country where you do business as they are the tax experts for that specific country.
Empower collaborates with teams all over the world to provide an organizational structure which synergizes across related entities. We will professionally apply the recommendations of local CPAs from any country to provide you with accurate financials wherever you work.
Why do I need a bookkeeper?
Accounting is not intuitive. It is a philosophy to be learned.
Accounting is not all that fun for the majority of people. And that’s ok! You don’t have to like it. You just have to work with someone who does.
You have goals, and staying up late at night crunching numbers in your accounting software is likely not one of them.
What can you do for me that I can’t do for myself?
We can provide you time and energy to focus on what you’re called to do so you can meet your goals.
We can ask thought provoking questions about your accounting and how it relates to your business strategy to help you think through your goals from a financial perspective.
We can identify inefficiencies and problematic habits from an outside perspective since we are not “in the weeds.”
We can make suggestions to help you improve.
How do you communicate effectively with teams all over the world?
We primarily rely on email but we meet with our clients as often as required over zoom, once or twice a month at most.
Can you help me with my taxes?
We can act as a liaison between you and your CPA (in various countries, both US and overseas)
We can help you ask the right questions and accomplish what your CPA requires
How much does bookkeeping cost?
It varies depending on the complexities of your business, the number of transactions and entities, and the level of attention, analysis, and consultation required to best serve you. See Our Pricing for more info
