Bookkeeping Services
As your bookkeeper, we are responsible for accurately recording and maintaining your business’s financial transactions. We ensure the financial records are organized, up-to-date, and compliant with applicable laws, helping you keep track of your business’s income, expenses, and cash flow. Learn more about how we can help your business with our bookkeeping services:
1
Recording Financial Transactions
At All Accounting Services & Taxes, we document all financial transactions, such as sales, purchases, payments, and receipts. Our team will enter data into accounting software or ledgers and categorize each transaction accurately.
2
Managing Accounts Payable and Receivable
Our bookkeepers are able to prepare reports for accounts payable and accounts receivable to help you track cash flow and ensure suppliers are paid on time. These reports allow you to follow up on overdue payments.
3
Reconciling Bank Accounts
We perform regular bank reconciliations to compare your company’s financial records with bank statements, ensuring accuracy and identifying any discrepancies.
4
Tracking Expenses and Income
Our bookkeepers monitor expenses and income to provide an accurate picture of your company’s financial health. They categorize expenses and may flag areas where spending can be optimized.
5
Preparing Financial Statements
Although bookkeepers don’t usually interpret financial data, we prepare essential financial reports like the balance sheet, income statement, and cash flow statement for you, the business owner, to review.
6
Maintaining the General Ledger
The general ledger is the primary accounting record for your company’s financial transactions. We ensure that entries are accurately recorded in the ledger and organized by categories, such as assets, liabilities, and expenses.
7
Monitoring Cash Flow
Our bookkeepers track the flow of cash in and out of the business to ensure there are sufficient funds for day-to-day operations, including paying bills and payroll.
8
Maintaining Financial Records and Filing Documents
Lastly, we organize and file receipts, invoices, bank statements, and other financial documents, ensuring records are easily accessible and in compliance with legal requirements.
In summary, our bookkeeping will play an essential role in managing your business’s financial data, making it easier for you to assess financial health and make informed decisions.
Bookkeeping FAQS
Bookkeeping is the process of recording and organizing a company’s financial transactions, such as sales, expenses, and payroll. It’s essential for tracking financial health, preparing taxes, and making informed business decisions.
Bookkeeping involves recording day-to-day financial transactions, while accounting interprets and analyzes that data to provide insights and prepare financial statements. Bookkeepers ensure your financial records are accurate, and accountants use that information for tax preparation, financial analysis, and planning.
We offer flexible service options, including weekly, bi-weekly, and monthly updates. The frequency depends on your business needs and transaction volume.
We take data security seriously and use encrypted systems to protect your sensitive financial information. Your privacy and confidentiality are our top priorities.
Yes, we provide both in-person and remote bookkeeping services. Using cloud-based software, we can work with clients anywhere, giving you real-time access to your financial information.
Our pricing depends on the scope of work and frequency of service. We offer customized packages and can discuss pricing options in a free consultation.
Free Consultation
Contact us for a customized plan and pricing for your business.