Bookkeeping

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A bookkeeper service is responsible for accurately recording and managing all financial transactions of a business. This includes but is not limited to tracking income and expenses, managing invoices and receipts,  bank reconciliation, data entry, accounts receivable, accounts payable, and monthly financial reporting. 

The bookkeepers duties:

• Data Entry - involving the accurate input, updating, and management of information in a computer system or database. This includes transferring data from various sources, such as physical documents and spreadsheets, into digital formats. Precise data entry is crucial for maintaining organized, reliable, and accessible records, which enables businesses to operate smoothly and make informed decisions.

• Bank Reconciliation - involving matching a company's internal financial records with its bank statements. This process ensures the balances align by identifying and adjusting for discrepancies like outstanding checks or bank fees. Regular reconciliation helps maintain accurate financial records, detect fraud, and manage cash flow effectively, ensuring financial integrity for sound decision-making.

• Accounts Receivable and Accounts Payable - tracking money customers owe a business for goods or services purchased on credit and tracking the money a business owes its vendors, suppliers or service providers.  

• Monthly Financial Reports - preparing a snapshot of a business's financial performance over a specific period, such as a month or quarter. These reports typically include an income statement, balance sheet, and help track performance, identify trends, and enable informed decision-making.

Why do you need a bookkeeper? If you are feeling constantly behind on reconciling your bank statements, losing track of whether a customer has paid their balances, or struggling to understand whether you will have enough cash to pay for employees next month, then you need a bookkeeping service for your business.  Most importantly, bookkeeping service will save you a significant amount of time and reduce the risk of costly errors, so you can focus on growing your business while staying on top of your financial obligations. Investing in bookkeeping services sets a strong foundation for your business’s success.

Please be advised that this service is strictly for bookkeeping and financial record-keeping. It does not include tax planning, tax preparation, or the filing of any federal, state, or local tax returns. Our services also do not include payroll processing. We recommend consulting with a qualified tax professional for these specific needs.