Bookkeeping

Bookkeeping services provide a means to accurately and systematically capture the financial transactions of an organization. This allows for a clear picture of the organizations financial health. This includes tracking income, expenses (income statements), assets, liabilities & equity (balance sheet). Aside from determining the financial health of an organization, the goal of bookkeeping services is to provide a clear  picture of the yearly snapshot of the business to provide accurate financials to the organizations tax preparer. No one wants to pay more taxes than you have to. You also don't want too many surprises when completing your taxes. Therefore, by having timely completed books, this allows for more accurate mid year tax projections by your tax professional.

Accurately and systematically capturing financial transactions of your organization. Incorporating all sources of money in and means of money out.

The art of knowing where to put each transaction. Is is an expense, a cost of goods sold, or a debt payment? Does the item get captured as an expense, as an inventory purchase, or as a capital asset?

Once the day to day transactions are entered and categorized, bank reconciliations ensure that everything that should be recorded is recorded, and no duplicate transactions exist. Bank reconciliations also help keep an eye out on older transactions that have not yet cleared the bank.

We provide monthly, quarterly, and/or annual financial statements for management use only. They are not audited, reviewed, or compiled as described in ASC-21. Financial Statements help business owners see the overview of their financial activity. They can be used to help make strategic business decisions and allow for accurate tax projections. If you don't understand your financials, give us a call! We can help you become literate in reading your financial activity. 

We can also assist with timely paying of your bills. For most clients that desire this service we use a software called Bill.com to safely and timely ensure your vendors and creditors are paid without delay and reducing fraud attempts.