Services overview

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Accurate Data Entry is crucial in a bookkeeper's role. It sets the foundation for an organized and comprehensible financial data system. Typical data entry includes entering receipts, expenses, journal information, product information, customer contacts, etc.

Categorizing and tracking your expenses is one of the most common reasons for seeking a Bookkeeper. Every business, big and small, has purchases and deposits. Keeping up to date with your business's daily cash flow can create a clearer picture of its growth and financial outline.

A business’s accounts require a complete review and reconciliation each month. A dedicated Bookkeeper will confirm that the accounts are organized, accurate, and ready for the next month. Once the review and reconciliation are complete, reports are drafted, generated, and uploaded to show the business's financial insights. General business reports can include Profit & Loss, Balance Sheet, Employee Tax Summary, Open Invoice Summary, and custom business reports tailored to your needs.

For those who perform services for customers and clients, managing invoices can be the difference between generating steady revenue and overdue balances. Your Bookkeeper will generate invoices with up-to-date customer contact information, your company’s products and services information, and specific job details performed. Invoices are then sent to customers for review and payment, as well as follow-up reminders of payments due.

Vendor accounts that require monthly payments and deposits are managed through accounts such as Accounts Payable and Accounts Receivable. Monthly management of these accounts can ensure your bills are paid promptly and payments are received against open balances.

Payroll services include, employee data setup, payroll processing, and tax filing. Employee information, such as their personal details, tax withholding information, and bank account details is collected and stored for processing. Typical payroll processing involves calculating employee’s wages, including any deductions, benefits, and other withholdings. Issuing the paychecks or direct deposit, and journalizing employer payroll expenses.

Categorizing transactions and expenses by different categories, such as departments, projects, locations, or any other relevant division within the business. This allows a Bookkeeper to track and report on financial data for each class separately, providing a more detailed and accurate picture of the business’s financial performance.

Creating and maintaining a thorough Chart of Accounts(COA) is one of the most important tasks when managing your business’s accounts. Your COA should include any relevant account types for your business, including assets, liabilities, equity, revenue, and expense accounts. All accounts will receive account numbers, account names, opening balances, and subaccounts if applicable.

QuickBooks online allows integration from apps such as Shopify, Etsy, Paypal, Gusto, Square and many more! If your business uses software applications to manage or receive payments, those transactions will upload to your QuickBooks file and allow for easier reporting and organization.

Filing accurate and timely Sales tax is required of all businesses who collect sales taxes for products and services. Filing amounts can depend on your total sales, taxable sales, sales tax collected, exemptions and discounts, and any refunds or credits claimed. Payroll Taxes are calculated during each pay period and recorded into an account for payment later.

Tracking and calculating loan and interest amounts provides a business owner with the ability to make future financial decisions. Loan information, terms, and payments are recorded by the Bookkeeper, as well as any interest accrued and outstanding balances.