Bookkeeping Services
We have your basics covered
Ongoing Bookkeeping, Accounting, and Advisory packages to meet your needs!
Entering Financial Transactions for you
Grasping the process of recording and interpreting transactions is a crucial skill done by your bookkeeper. It lays the groundwork for precise and dependable financial records for a business. By monitoring and interpreting sales, expenses, invoices, and payments, we can provide you with a clear understanding of your business and enable you to make informed decisions.
Cash Basis Methods
Cash-basis accounting is a system in which revenues and expenses are acknowledged when cash is actually received or paid, instead of when the work is completed or goods are delivered. Modified cash basis accounting is a hybrid accounting method that combines aspects of both cash and accrual accounting. Learn more about each method to determine which may be right for you.
Accounting Team
Instead of being fully reliant on one person to handle your accounting, enlist a team so you are always supported! Things happen, people need time off, get sick, or may have to leave. By having a team on your side, your accounting will never be forgotten and will always have someone around to follow up.
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Reconciling to the penny
Reconciliation aims to confirm that every transaction is accurately documented in the correct locations and amounts. This process ensures the financial records' accuracy and dependability. In accounting, reconciliation typically involves matching the balance of a ledger account with the balance of a supporting document, like a bank or credit card statement.
Total Sales and Business Size
While the size of the business is subjective depending on who to speak to, we will try to determine it based on the total sales you are doing per month and year. This helps to understand what your needs are now and in the future when you grow.
Frequency and Method
Staying in communication with your accounting team ensures that critical feedback on questions are not overlooked. The more that is going on, the more communication there should be.
Year End and Your Accounting
With help from a team of accountants and bookkeepers we can ensure that you are ready for your yearend. Weather that's just getting the basic financials done, keeping you incompliance with the right filings, or stategically planning for your goals - we can help you be 100% ready at year-end!
Receipts and Source Documents
Easily snap photos of all your receipts and email them to our team for processing! Received a PDF receipt? Great just forward it to us (HubDoc) and we will match it to the transaction it belongs to in your accounting system. We will attach these source documents (proof & details of the transation) to the bank feed or credit card feed it realtes to in your bookkeeping. No duplicates, just clean and clear bookkeeping that gives you peace of mind and keeps you in compliance in case of a question or audit.
Clarifying Transactions in your Records
Our bookkeepers have decades of experience looking over millions of transactions to determine how best to record them in your financials. However, some transactions may be coded as "Uncategorized" if there is not enough detail in the bank feed, no receipt or source document submitted, we have a question related to job costing, class tracking, customer project tracking, asset tracking, or more. In these cases, we will post the transactions as Uncategorized until your feedback is received. We will provide easy tools for you to give us this feedback so we can accurately account for the transaction before the final financials are agreed on.
The backbone of your financials
All your financial statements, including your Income Statement (P&L), Balance Sheet, and more are based on your Chart of Accounts. Having a clean and well laid out list is the key to having these reports give you the best insights. A clear Chart of Accounts is also critical to have if you will integrating your QuickBooks File with other programs. Whether you want simplicity or deep feedback, we can help you structure your chart in a way that allows for both a simple summary overview and detailed breakdowns. With QuickBooks Online, you can push a button to collapse or expand the data you want to view it, easy!
