Professional Bookkeeping provides the foundational financial maintenance of your small business. It provides accurate, timely numbers that when used appropriately, improves: 1) cash flow 2) growth & expansion as well as 3) ensures long-term business success.
Most entrepreneurs and/or small business owners only know about CPA’s and they are great at what they do. CPA’s usually focus on tax preparation, tax savings, financial strategies for future tax savings as well as other financial services. CPA’s are like specialist. Before you see a specialist, the general physician is the first stop. While any company wants to save in taxes, that means nothing if the company is going bankrupt!
Your bookkeeper is your company’s general physician that you see on a regular basis, generally each month. It is with the general physician you monitor the health of your business. Bookkeeping services, which includes: 1) Posting receivables, 2) Distribution of payables, 3) Reconciliation of all bank & credit cards, 4) Preparation of Revenue & Expense Reports monthly, quarterly and annually and 5) documentation for tax preparation; provides your business with the information required to analyze data currently, allowing the business owner to make quality decisions in a timely fashion with accurate numbers.
If a business owner waits until the end of the year, when he or she visits the CPA annually, it is too late to make changes in the business that could improve the business. A complete year would have passed before the business owner/entrepreneur would even know if there is a problem, a need to increase a price or reduce an expense. No small business can survive reviewing financials once a year.
~NEVER UNDERESTIMATE THE POWER OF PROFESSIONAL BOOKKEEPING!
Queen “B” of Doing Business Better
