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Bookkeeping Tasks That Help Small Businesses

Bookkeeping will help keep your small business in shape

Bookkeeping involves recording the accounts and transactions of a business. But in all actuality, what does this mean? If you own a small business, then hiring a bookkeeper might be one of the best things you can do to make sure that your business transactions are organized and comprehensive. Today, we’re going to go over a few of the many bookkeeping tasks that help small businesses

Managing Accounts Day to Day

If it’s become challenging to keep up with your small businesses’ daily transactions, we can help you stay on top and track with all your accounts. Using software to keep track of every sale or purchase is manageable. One of our knowledgable accountants can keep an eye on your cashflow. WHat’s even better is that you won’t have to spend a lot of unnecessary time on data entry. 

Maintaining Accurate and Up-to-Date Accounts

It’s not enough to record each business transaction and sale, but accuracy is a must. A bookkeeper will ensure that all of your records are up-to-date, accurate, and they will flag inconsistencies between business accounts and the books. What this does is ensure that any problems are resolved right away. 

Tax Preparation

Taxes can be a sensitive topic, and one with a lot of minute details. A bookkeeper can keep your small business aligned with relevant tax laws and ensure that you’re meeting all of your deadlines. Are you gung-ho on not paying unnecessary fines? Then, allow us to take care of your tax preparation so that there are never any issues. 

Preparing Financial Statements

Financial statements are significant for small businesses and all businesses. Financial statements include profit and loss statements, balance sheets, and cash flow statements. All of these statements showcase and highlight a business’ bottom line, its operating expenses, and the balance of assets and liabilities. It also displays what cash is coming in and out of your business. All of this information is a lot to keep up with, along with merely keeping your business afloat. Allow us to help make life less stressful. Other bookkeeping tasks also include:

  • Payroll Processing
  • Preparing the Books for Accountants
  • Paying Attention to Cashflow
  • Performing Stocktake or Producing Inventory Reports

The Benefits of Hiring a Bookkeeper in a Nutshell

  • Prevents Errors
  • Frees Up Your Time
  • Helps You Understand, Where Your Business Stands Financially 

Contact Bowman & Company Today

Bowman & Company CPA, PC provides all of our individual and small business customers with experienced, accurate, and affordable financial services. Our financial services are aimed at decreasing your taxes and increasing your net worth through responsible, timely, and accurate recordkeeping. We offer our services to clients throughout the Washington, D.C. metropolitan area including Maryland and Baltimore County, Columbia, and Howard County. For more information on our offerings, contact us online or call us at (410) 381-8121. You can also find us on Twitter,  Linkedin,  Facebook, and  Youtube.

This entry was posted on Friday, July 3rd, 2020 at 9:43 am. Both comments and pings are currently closed.