Frequently Asked Questions | JMJ Elite Bookkeeping

Welcome to our FAQ page. Whether you’re a small business owner in Bradenton, a nonprofit in Sarasota, or a professional working remotely in Tampa or beyond, we’re here to bring clarity to your bookkeeping, QuickBooks, Xero, and Fractional CFO questions.

1. Bookkeeping Basics

Bookkeeping is the foundation of sound financial management. A bookkeeper records daily financial transactions, organizes your finances, and ensures your records are accurate and up to date. While bookkeeping differs from accounting, which interprets financial data for strategic decisions, both are essential. At JMJ Elite Bookkeeping, we use trusted cloud-based accounting systems—including QuickBooks and Xero—to fit your specific needs, helping businesses stay compliant and financially informed.

2. Services We Offer

We provide a full range of services including monthly bookkeeping, reconciliations, financial reporting, 1099 tracking, payroll support, accounting system setup, and catch-up services. Whether you’re behind on your books or starting fresh, we offer both one-time cleanups and ongoing monthly support. We also specialize in QuickBooks and Xero setup, migration, and training. For growing businesses, we provide fractional CFO services, giving you strategic financial guidance without the cost of a full-time CFO. Every business is unique, so we customize service plans based on your transaction volume, business structure, and goals.

3. Getting Started with Us

Starting with JMJ Elite Bookkeeping is simple. We offer a complimentary consultation to understand your needs and challenges. During onboarding, which typically takes 1–2 weeks, we securely collect your business documents and set up your systems for success. Whether you choose QuickBooks or Xero, we’ll tailor the platform to your workflow. We work with both local clients in Bradenton, Sarasota, and Tampa, as well as clients across the country through our secure virtual services.

4. Security & Trust

Your financial data is safe with us. We use encrypted cloud systems, multi-factor authentication, and restrict access to authorized team members only. We’re also happy to sign confidentiality or non-disclosure agreements if needed. Our firm is built on integrity, transparency, and a commitment to protecting your privacy—values we bring to every client relationship.

5. Who We Serve

We proudly serve a wide range of clients including small businesses, nonprofits, solopreneurs, and startups across industries such as consulting, real estate, and wellness. Many of our clients use QuickBooks or Xero, and we guide them in choosing and optimizing the right platform for their needs. For businesses that need more than bookkeeping, we offer fractional CFO services—providing cash flow forecasting, budgeting, and financial strategy to support long-term growth.

6. Do you work with both QuickBooks and Xero?

Yes. We are a QuickBooks ProAdvisor Program Member and a Certified Xero Partner. We provide setup, migration, cleanup, training, and ongoing support in both systems—helping you choose the platform that best fits your business needs.

7. What is a Fractional CFO?

A fractional CFO is a financial expert who provides CFO-level strategy and support on a part-time basis. Instead of hiring a full-time executive, you gain access to high-level financial insights—such as cash flow forecasting, profitability analysis, and growth planning—at a fraction of the cost.

8. How do I know if my business needs a fractional CFO?

If you’re making important financial decisions—like planning for growth, managing cash flow, seeking funding, or improving profitability—a fractional CFO can help. Many small businesses outgrow basic bookkeeping but don’t need a full-time CFO. Our fractional CFO services give you the strategic guidance to bridge that gap.