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Frequently Asked Questions for Individual Bookkeeping Clients
Frequently Asked Questions for Small Business and Nonprofit Bookkeeping Clients
Frequently Asked Questions for Individual Bookkeeping Clients
How does NET 30 work?
NET 30 will open a federally insured account in your name at the institution of your choice. Working with a NET 30 advisor, you will determine a fixed amount to deposit monthly in your account via direct deposit or ACH transfer. NET 30 will change the addresses on those bills that you specify to be paid directly by NET 30.
How is NET 30 different from online bill pay?
We take care of paying your bills. You don’t have to go online to set up the payment. It is done for you. We even reconcile your checking account.
How Can I Be Sure NET 30 Won’t Miss A Bill Or A Deadline?
NET 30 double checks transactions by computer and by hand to make the monitoring of your financial affairs as accurate as humanly possible. All procedures involving your account are carried out according to sound business bookkeeping practices.
What Other Benefits Are There To Me?
NET 30 pays your bills on time. We reconcile your bank account. You receive a detailed monthly statement. Your bills go directly to NET 30, with no more dreaded trips to the mailbox or post office to buy stamps. You receive an accurate year-end statement. NET 30 is your personal bookkeeper. A live person, NOT voice mail, answers the phone during business hours.
What If I Don’t Want NET 30 To Pay All My Bills?
No problem. There may be some bills each month that you will want to continue handling
directly. A NET 30 advisor will help you plan which bills would best be handled through
NET 30. You can make changes to that list of bills at any time you wish.
How Much Does It Cost?
There is an initial investment for consultation and a service set-up fee. NET 30’s monthly fee is discussed at the time of consultation.
Will My Money Be Safe?
Absolutely. NET 30 is bonded and insured.
Who uses NET 30?
- Small businesses and nonprofits who would like to outsource their bookkeeping responsibilities.
- People who would like the convenience and professionalism they rely on at the office to benefit their own affairs.
- Individuals who travel frequently and find that bills pile up in their absence.
- Couples who work and could never figure out a fair way to divide up the bill-paying chores.
- People who are responsible for an aging parent or family member.
- People who consistently forget to pay the bills despite having the money in the bank, and who end up accumulating unnecessary late charges.
Frequently Asked Questions for Small Business and Nonprofit Bookkeeping Clients
How does NET 30’s bookkeeping work for my business or our nonprofit?
- NET 30 uses your existing business checking account.
- We assign you your own personal bookkeeper who will: pay bills, coordinate client billing, work with your payroll processor and set up a chart of accounts tailored to your business or nonprofit organization.
- We provide the following financial reports: balance sheet, income statement and reconciled bank statement.
How do I receive my financial reports?
- NET 30 provides monthly reports with your original bills, copies of checks written to pay your bills, a reconciled bank statement, profit/loss statement and balance sheet.
- If you need more frequent reporting, just let us know.
What if I need to write a check?
You just write the check and let us know the vendor, the date and the amount of the check.
How will I know my checkbook balance?
Just give us a call or email us. We are here 8 am to 5 pm each day with no voice mail. You will talk to a bookkeeper every time.
My banker needs a report; how do I get it?
We will be happy to email your report. Remember your books are up-to-date because we are your bookkeeping staff.
What happens at tax time?
Your tax preparer will receive a data disk which, in many cases, will integrate with the CPA’s tax preparation software, saving the CPA time and you money.
As a nonprofit organization, are you able to do donor tracking?
Our systems are set up to manage all bookkeeping needs for nonprofits, except for donor tracking. Because of the complexity of the tracking and the need to provide statements and thank you letters, this function is best performed by your organization.
8016 Staples Mill Road Richmond, VA 23228-2713
PHONE: (804) 716-9070 / FAX: (804) 716-9075
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