What is Bookkeeping?
Bookkeeping is the recording and categorizing of financial transactions. Bookkeeping keeps an exact record of the money that is received and spent by a business.
The most important concept of bookkeeping is that it allows business owners and/or managers to always have a clear picture of income and expenses. In the most basic terms, you will know if you are making or losing money.
How Bookkeeping Works
Right Financials at the Right Time
Every time a business makes or spends money, a transaction is created. Attaching some information to that transaction helps categorize exactly where and why this money is coming in and out.
Knowing income sources and amounts can help you determine your best customers and/or your best income-producing activities.
Categorizing expenses helps with budgeting, tax write-offs, and understanding where cuts can be made if needed.
Why Outsource Your Bookkeeping?
Don’t spend time bookkeeping, that does not bring you money. Gain time to sell, manage, and grow your business by handing your bookkeeping off to professionals.
Get Real Data
Bookkeeping performed by a professional will help you get real accurate data. Feel confident all of your financials are accurate.
Year End Financials
Don’t worry about gathering all of your financials at the end of the year. Ongoing bookkeeping management will ensure numbers documents are ready for filing taxes.