Bookkeeping
Accurate, current books. Every other financial decision you make depends on them, whether or not you think about it that way.
What it is
Bookkeeping is the record of every dollar moving in and out of your business, categorized correctly and reconciled against your actual bank and credit card statements.
It matters more than most owners realize because everything else sits on top of it. Pricing decisions, whether you can afford to hire, what you pay yourself, whether a lender will approve you, what a buyer would pay: all of it comes from your books. If they're behind or miscategorized, you're making those calls on a guess, and you usually won't know you were wrong until it's expensive.
Behind on your books is a normal place to start. It's one of the most common reasons owners reach out.
Who it's for
- Owners currently doing their own books and running out of time
- Businesses whose books are behind, messy, or were never set up right
- Owners who can't get a clear read on whether they made money last month
- Businesses preparing for a loan, an investor, or a sale
- Anyone who finds tax season difficult due to the reconstruction work involved
What's included
- Monthly reconciliation of bank and credit card accounts
- Transaction categorization and clean chart of accounts
- Profit and loss, balance sheet, and cash flow statements
- Catch-up and cleanup work to get current
- QuickBooks Online setup, migration, training, and support
- Accounts receivable and payable monitoring
- Year-end packages ready for tax filing
Where it fits
Bookkeeping is part of the Books & Payroll add-on, which layers onto either base tax membership, and is included in the Full Advisory Partner plan.