What is Bookkeeping? Bookkeeping is the process of organizing and recording a business’s financial transactions. Every business that is created needs to keep financial records for tax purposes.
What it involves: Bookkeepers record all money that comes into and goes out of a business, including customer and vendor payments, sales, purchases, and payroll. They also update ledgers, reconcile bank statements, and calculate depreciation. In addition, the bookkeepers compile many different reports (such as the Balance Sheet and the Profit and Loss Statement) whenever the owner or manager determines that one is needed.
Why it’s important: Bookkeeping is an essential part of accounting and helps businesses understand their financial performance, make informed business decisions, comply with tax regulations and identify areas for potential growth in addition to many other valuable services.
How it’s done: For most of history, Bookkeepers kept track of information in physical books, but now almost all of the process is done using computerized accounting software. There are many different software packages available for business recordkeeping so each business needs to determine which one is best for their business.
Bookkeepers vs. accountants: Bookkeepers focus on the details, while accountants use those details to draw broader conclusions about a company’s finances. Some bookkeepers can file taxes and do the payroll for their business, depending on how large the business is and what the qualifications of the bookkeeper are. However, most bookkeepers just prepare the business’s reports for the accountant or CPA to give them the information to file the taxes for the business.
Why are you sharing all this with us, you say? Well, back in 2020 when COVID was at its height, I took an online bookkeeping course (and scored an “A”) intending to start my own business. However, the timing wasn’t right for me at that time. For the past several months, I have been working on learning how to do bookkeeping in QuickBooks Online. According to who you ask (or search for on Google), QuickBooks Online is one of the top two best bookkeeping packages available. Most reviews say that it’s the #1 best for small to medium size businesses.
Today, I’m announcing that I have created “Barb’s Bookkeeping”. I would like to focus on helping small and medium size businesses (examples include: chiropractors, lawyers, house cleaning services, real estate agents, and many others) increase their profitability by $5,000-10,000 per year. I have passed all three of the certifications (Basic and Advanced Quickbooks Online and Quickbooks Payroll) to be listed on the QuickBooks ProAdvisor list.
Would you like to create a larger, more profitable business?
Want more time to focus on your business and do what you do best?
Let me do your bookkeeping!
– I’m talented in quickly learning the needs of your business
– I’m friendly, easy-going and love learning more about people and their needs
– QuickBooks Online ProAdvisor looking to help small and medium size businesses improve profitability by $5,00-10,000 per year
– Certified Bookkeeping Specialist from the US Career Institute
– Had my own direct sales businesses for 40+ years
– Have extensive experience w/Schedule C tax forms
– Have been employed by the Supreme Court, the Federal Government a local tax office
and numerous law firms
– Would love to help you and your business grow
If you or anyone you know is looking for a bookkeeper, I would appreciate any referrals. My contact information for my new business is: [email protected]. Or you can have your contact check out my profile on the QuickBooks ProAdvisor Profile. Have a wonderful day and thanks for your support!