Bookkeeping is the lifeblood of the accounting process, making it one of the most important parts of your business.
You can’t afford to let it slide. And it just so happens to be what we are best at. But why does it matter? Consistent, accurate bookkeeping provides insight into the health of your business on a daily basis. A real-time view of your accounting makes big-time decision making much, much easier.
Here at PaperLight Virtual Accounting and Tax, we take bookkeeping very seriously because we’ve seen what happens when your bookkeeping falls behind. In short: it’s a mess. Bank and credit card accounts that aren’t reconciled, months of backlogged receipts, and financial statements that can’t be trusted are just the tip of the iceberg. But we have you covered.
Every accounting client we take on receives our full bookkeeping services, making their lives easier and leaving them with nothing to worry about. Consistent bookkeeping leads to great bookkeeping. Great bookkeeping leads to clean data. Clean data leads to better decision making. Better decision making leads to calculated business growth. Calculated business growth leads to you living the life you’ve always wanted. Seeing the big picture now?
The foundation of the accounting process, bookkeeping is paramount for a clear picture of your numbers.
Done Right. Done Often.
Every transaction going out of and into your business plays a specific role in the accounting process. We make sure they find their way home.
Similar to bank accounts, each credit card account must be reconciled monthly to ensure accuracy in your financial data.
A more advanced accounting principle, journal entries are used to maintenance areas such as depreciation, insurance, and errors.
There are three reports created monthly that can tell you the health of your business: Profit/Loss, Balance Sheet, and Statement of Cash Flows.
Reconciling Bank Accounts
A true check and balance system, matching transactions to monthly bank statements is a staple in the bookkeeping process.
We monitor your transactions and notify you if anything looks off. This helps eliminate waste in your expenses by identifying errors and mistakes.
A good accounting practice, closing your books every month ensures transactions aren't accidentally edited or deleted in the future.
Your business may be liable for sales tax depending on what you do. We'll handle this for you, making this a stress-free part of the accounting process.
Are you still with us?
Look, we get it. You probably fell asleep halfway through this page. If this stuff got you fired up like it does us, you would own your own accounting business. And that's the point. You don't want to have to worry about making a journal entry for accumulated depreciation and prepaid insurance every month or categorizing that receipt from Texas Roadhouse for a client lunch to Meals and Entertainment (What are they putting in those rolls, anyway?). But at the end of the day, somebody has to do it. Let the pros at PaperLight Virtual Accounting and Tax handle it, along with all other accounting needs your business needs to succeed.