Bookkeeping

As a bookkeeper, here is what I typically do for clients

Reconcile Accounts

Reconciliation is the process of comparing your financial records, such as bank statements and credit card transactions, to your business’s accounting records to ensure they match. It’s a critical step in maintaining accurate books and identifying any discrepancies, such as errors, missing transactions, or unauthorized charges.

Regular reconciliation helps prevent costly mistakes, ensures your financial reports are reliable, and gives you a clear picture of your business's financial health. It’s also essential for catching potential fraud early and preparing for tax season with confidence.

Categorize Transactions

Categorizing transactions is the process of assigning your business income and expenses to specific categories, such as rent, utilities, payroll, or sales. This organization is essential for understanding where your money is coming from and where it’s going.

Proper categorization helps you generate accurate financial reports, like profit and loss statements, which provide valuable insights into your business's performance. It also ensures that your records comply with tax requirements, making it easier to claim deductions and prepare for tax season. Ultimately, well-categorized transactions give you a clearer picture of your financial health, empowering you to make smarter business decisions.

Create Financial Reports

Financial reports, such as profit and loss statements, balance sheets, and cash flow statements, provide a clear and detailed picture of your business's financial performance. These reports help you track income, expenses, assets, and liabilities, enabling you to identify trends and make informed decisions.

Creating financial reports is crucial for assessing the overall health of your business, setting realistic goals, and planning for growth. They also play a key role in securing loans or attracting investors, as they demonstrate your business’s stability and potential. Additionally, accurate financial reports ensure compliance with tax regulations and help you stay prepared for audits or tax filings.