How a Bookkeeper Helps Your Small Business

Ugh. Bookkeeping Time.

The time of the month you need to login, download transactions, review them, categorize, pay bills and send out invoices.

With Bandwidth Bookkeeping, we can take away the “ugh” and keep your financial books in order.

As a business owner, I understand the feelings this time of the month can elicit. It is the “heavy sigh” coupled with the question, “how many hours will this take?” that whispers in your ear as you prepare to sit down in front of the computer. Let’s face it, you’d rather focus on doing the tasks that you enjoy and can add the most value to your business.

Schedule a consultation to learn how Bandwidth Bookkeeping can help!

Most business owners do not look forward to the monthly, weekly, or biweekly bookkeeping tasks they should be doing to stay on top of their financials. Fortunately at Bandwidth Bookkeeping, we love bookkeeping and helping businesses, such as yours, keep your books organized so that you can make the right decisions to grow your business.

Which Accounting Software Do You Use?

• Manual entry (e.g., Excel, Google Sheets, etc).
• QuickBooks
• Other: Wave, Xero, Freshbooks, etc.
• None

With over a decade of experience working with QuickBooks, we help clients, small business owners, maintain accurate and up-to-date financial records.

Here is a detailed list of how a bookkeeper can help your small business

Setup and Customization of QuickBooks:

1. Setting up your QuickBooks Online account and configuring it according to the specific needs of your business.
2. Customizing the chart of accounts to align with the company’s financial operations and reporting requirements.

Data Entry and Transaction Management:

1. Recording daily financial transactions such as sales, purchases, payments, and receipts accurately in QuickBooks.
2. Managing accounts payable and receivable to keep track of what the business owes to its suppliers and what is owed by its customers.

Bank Reconciliations:

1. Matching the transactions in QuickBooks with those listed on your monthly bank statements to ensure accuracy in financial records.
2. Identifying and correcting discrepancies between the book records and bank accounts.

Did you know that Bandwidth Bookkeeping Services has bookkeeping packages to fit your business needs? View our pricing.

Financial Reporting and Analysis:

1. Generating financial reports such as balance sheets, profit and loss statements, and cash flow statements to provide a snapshot of the business’s financial health
2. Analyzing these reports to help the business owner understand the financial impacts of their business decisions.

Budgeting and Forecasting:

1. Helping to create budgets and forecasts using the financial data within QuickBooks.
2. Monitoring financial performance against these budgets to identify variances and advise on necessary adjustments

Accounts Setup and Maintenance:

1. Creating and maintaining a chart of accounts to categorize financial transactions appropriately.
2. Regularly updating account details to reflect changes in the business structure or financial practices.

Training and Support:

1. Providing training to the business owner and other staff on using QuickBooks effectively
2. Offering ongoing support to resolve any issues related to the use of QuickBooks.

Help Your Business Grow and Work with Bandwidth Bookkeeping

Working with a bookkeeper can help your small business by freeing up your time so you can focus on running and growing your business. With accurate financial data prepared and reviewed monthly, you’ll have the right information at your fingertips so you can make informed decisions.

Original source: https://www.bandwidthbookkeeping.com/post/how-bookkeeper-helps-your-small-business