Frequently Asked Questions
Accounting Services That Fit Your Needs
We understand that choosing the right accounting firm for your business is an extremely important decision. If you can relate to any of these questions, please call us. We would love to hear from you.
Can Jacob K. Farsakh MBA, CPA & Company still serve as our back-office partner if we are not located near their current offices?
Absolutely, we service all of our customers virtually through our cloud-based accounting and document retrieval systems. As much as we love to meet our clients in person we have learned that virtual meetings can be just as beneficial for our client relationships.
We assign you a dedicated team of bookkeepers, staff accountant and accounting manager who work from our service center in Glendale, California. They’ll communicate with you in many different ways including phone, email, text message or Skype, whatever works best for you.
How long does it take to get up and running with Jacob K. Farsakh MBA, CPA & Company and the cloud based accounting software?
It depends on the condition of your books and the magnitude of your company. For small or new companies, it can take as little as a week to set up your accounting services online and get started.
There are three different ways you can send information to the Farsakh & Co. team. We provide all of our clients with a designated document transfer/storage account, accounts payable solution, and/or email.
We are always available to our clients, just as though we were in your back office.
We will provide you with the e-mail addresses and business cell phone numbers of our team members that you will be working directly with.
When working with Farsakh & Co. your company gets the added benefit of having a team of outsourced accountants who know your industry and your accounting software. Whether you’re on basic accounting software such as QuickBooks or industry-specific accounting software to a more complex ERP system, Farsakh & Co. can handle it. We make sure that the outsourced accountants who will be providing the services match your industry and software requirements.
No. You may decide to handle certain accounting functions in-house, or we can become your complete virtual accounting department. The Jacob K. Farsakh MBA, CPA & Company team will need to liaison with someone on your staff however, they do not need to have accounting skills.
Absolutely! We enjoy the passion and excitement of working with new business owners. There’s a lot to tackle when starting a new business: choice of legal entity, federal, state and local filing requirements, and taxes to name just a few. Jacob K. Farsakh MBA, CPA & Company is a one-stop resource for entrepreneurs and start-ups. We understand the complex issues that can arise and know how to handle them. Let Jacob K. Farsakh MBA, CPA & Company handle the details so that you can concentrate on running your business and making it profitable.
Do you work with clients who need help catching-up on multiple years of record keeping and tax returns?
It’s not uncommon for a business to be a few months behind in their bookkeeping when they come to us. That is precisely why they need us – because it’s difficult to stay on top of your books and run a demanding business. We’re prepared to roll up our sleeves and get you back on track.
The short answer: No. You actually have more control since you’ll have accurate, up-to-date financial statements at your fingertips. You’ll have more time and money to plan instead of simply reacting to business events.
Utilizing cloud technology helps business owners’ access critical financial information — anytime, anywhere. By integrating the internet, software and the cloud, you can improve the overall efficiency of both administrative and accounting processes which will positively impact your business and your bottom line.
With Farsakh & Co., you get an accounting team that delivers on-time, actionable financial intelligence and keeps you audit-ready and tax ready any time of the year. Instead of relying on the experience, availability, and technological know-how of a single person, you’ll have an entire dedicated team of professionals who are experts in small business accounting compliance.
Here are the main additional benefits of choosing Farsakh & Co. over another self-proclaimed bookkeeper:
Cost-Effective, Hand-on Solution – Farsakh & Co. will work with you on maintaining a budget for your bookkeeping and accounting needs that will offset the costs of hiring a bookkeeper as your employee after considering payroll taxes, employee benefits, worker’s compensation insurance, among many other items. Most importantly, you don’t have to train or hope that you will be receiving the quality work and service you deserve.
Reliable, Accurate Financial Results – You’ll have a second set of eyes on every financial report we deliver, and you have access to additional expertise within our service center. And, because you’re working with an entire team, you never have to worry that your accounting will suffer due to turnover, vacation, sick leave, maternity/paternity, or other paid time off.
Accounting Expertise on Demand – By working in dedicated teams, we can delegate most tasks to staff accountants and bookkeepers because they are trained and work side-by-side with experienced accounting managers. They get to know your business and bring a level of accounting best practices and knowledge that is not seen within a bookkeeping service.
QuickBooks® Systems Design and Integrations – Farsakh & Co. employees are Certified Intuit ProAdvisors with in-depth experience using third-party applications that integrate with QuickBooks. Our accounting software specialists and on-staff professionals make sure your QuickBooks file is optimized and your financial systems are set up to eliminate manual entry and to grow alongside your business. This results resulting in improved operational efficiencies and more reliable and actionable financial intelligence to help you run your business.