As a business owner, it is vital that you have a finger on the pulse of your financial health as a business. The only way to truly do this is with strict bookkeeping habits. This can be difficult to handle on your own when you are trying to run a business too. That’s why it is so beneficial to have an accounting firm provide you with full-service bookkeeping services. Mark Dicus & Company is here to talk about why full-service bookkeeping services include for businesses.
What to Expect from Full-Service Bookkeeping Services
It is important that your bookkeeping isn’t filled with any errors. Accurate bookkeeping is the key to knowing where you stand financially. When you turn the bookkeeping over to an accounting firm to help you, you may find that you get the accuracy that you’re looking for and have the ability to focus your attention on other parts of the company. Here is what you can expect from full-service bookkeeping services:
– Transaction Categorization: Doing business is full of transactions. It is vital that you keep track of these transactions and categorize them appropriately. Some of them will be sales, som purchases, some deposits, and others are expenses. These need to be kept track of. Full-service bookkeeping takes care of it.
– Bank Reconciliation: Your financial records need to be compared to your bank statements. That way, if they aren’t matching up, you can catch the discrepancies that are causing the problem.
– Accounts Management: Full-service bookkeeping will keep track of your accounts payable and receivable and manage them both. This includes invoices, bills, collections and your cash flow.
– Processing Payroll: Payroll may sound like a simple process where checks are cut for employees. However, it is much more involved than that. There are tax withholdings to calculate, employee benefits, labor law you need to be in compliance with and so on. It is hard to keep it all straight on your own. Full-service bookkeeping will make sure that everyone is getting paid on time and that their paychecks are accurate.
– Tax Preparation: Being prepared for tax season is important. If you aren’t, it can be the worst time of the year. A full-service bookkeeper will make sure you are ready when tax season rolls around and that you are compliant with all the current tax laws. You will need financial reports generated to ensure you are compliant and to help you avoid any penalties.
– Reporting: Profit and loss statements, balance sheets, and cash flow statements are all important documents filled with data to provide you with a complete picture of your company’s financial health. Full-service bookkeeping will provide you with accurate financial documents.
Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
If you are in need of full-service bookkeeping, you can leave it to the professionals at Mark Dicus & Company to take care of it for you. We will make sure that you have all the information you need to make wise business decisions. Call us today!