Bookkeeping For Small Businesses
Hire Bookkeepers You Can Trust
Bookkeeping For A Successful Business
You’re an expert at what you do, but for many small business owners, managing the books is a whole different issue. Since your financials are the lifeblood of your business, it’s important that every transaction is recorded appropriately. That’s where we can help. At Books, Taxes & More, we provide expert bookkeeping services at an affordable rate.
What is Bookkeeping?
Far too often, we get customers who understand they need a bookkeeper, but they don’t really fully understand what the job entails. In simple terms, bookkeeping is the process used to keep track of all your company’s financial transactions. This allows a business owner to see where money is being spent, where your revenue is coming from, and the tax deductions you will be able to claim.
The Importance of Bookkeeping:
- Assists you in catching bank errors quickly: Bookkeeping allows you to keep track of your financial transactions efficiently, making it much easier to catch errors immediately. This makes it much easier to reconcile any overages with your bank before it’s too late.
- Makes sure you don’t miss on tax deductions: The more documentation your bookkeeper is able to provide for tax season the more you are able to claim a greater amount of deductions. Ultimately, this will cause you to receive a much bigger tax return than normal.
- Assists you in securing a business loan: If you’re in the process of brainstorming your future business expansion, you’re most likely going to need a loan. Keeping a current and well-organized book will give your investors a clear vision of your current financial state. In
turnthey can better prepare for your time frame to pay off the loan making lenders more eager to give you a loan.
- Paints a clearer picture of where your money is going: Using bookkeeping you can keep better track of your financial curve. Are sales up this period? Are shipping costs
tohigh? Keeping track of youfinances allows you to monitor your money and cut costs where needed to keep your business running at peak performance.
Benefits of Professional Bookkeeping
Having an expert bookkeeper is an extremely important component of running a successful business. But, what are the advantages of hiring a professional bookkeeper rather than doing it yourself? Listed below are the biggest reasons why outsourcing your bookkeeping is a great option for your company:
More time: By outsourcing your bookkeeping to a professional firm allows you as a business owner to put your full attention into running your business. Without having to constantly worry about the backend of your office functions, you’ll be able to keep your staff on focus without distractions therefore increasing total productivity.
Experts at your side: Hiring a professional bookkeeper to keep track of your finances allows you to have real-time knowledge around the clock on all business expenditures. Agencies who specialize in bookkeeping keep up to date on the best methods to keep track of the books making your job easier and increasing productivity.
Reducing costs: If you were to hire an employee to keep track of finances, not only do you have to pay wages but their benefits as well. Outsourcing allows you to spend time doing what you love instead of managing your books.
Operation Flexibility: Finally, by outsourcing your books to a professional team, you’re able expand your business or cut costs on a dime. Whether you want to take your business into new territory or reduce spending to save money, you will always have the highest level of information on your current financial status providing you with the best course of action to achieve your dreams. Therefore, outsourcing your bookkeeping provides you with a level flexibility a single bookkeeper can’t provide.
Taxes: By using an outsourced bookkeeping company, you will always have up to date and accurate records when tax time rolls around. This eliminates any stress about the integrity and accuracy of your financial records.
At Books, Taxes & More, we can not only provide expert bookkeeping services to help you manage your business finances, but we can also help you manage your tax burdens as well. Call us and let’s talk about how we can turn your everyday bookkeeping into a strategic advantage for your business.