Bookkeeping FAQs
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A full charge bookkeeper records the financial transactions of a business, including items such as expenses, income, transfers, assets, liabilities, and investments. This information is then used to produce financial statements and other essential reports for accounting, taxes, investment, and audit purposes.
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Bookkeepers record transactions and help to produce financial reports while accountants interpret the data on those reports and submit tax and other financial documents.
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The best business decisions are based on accurate financial information and reports. Bookkeepers help keep your books current and accurate and provide reports to help you run your business.
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Tax deductions are expenses that can reduce your tax obligation.
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Financial reporting is based on the financial transactions of your business (income, expenses, etc.) and can help you track, analyze, and plan your business.
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Financial statements are reports that summarize the financial history, condition, and operations of a business. Financial statements help businesses plan strategically, acquire loans, and file taxes. When audited, business are required to produce financial statements.
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All business income and expenses require proper categorization (or codes) when entered into the business books.
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We use QuickBooks and other accounting and payroll software.
Do you have more questions?
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Book a free consultation and get personalized answers.