Keeping track of financials is indispensable to making informed decisions in business, regardless of whether it is an established one or a startup.
Some of the operations involved in bookkeeping include preparing income statements and balance sheets, ensuring that expenses and invoices are correctly filled, and keeping records of financial transactions or cash flow analysis.
These functions help you understand how much you owe and how much money is owed to you. They are equally necessary to help you identify all your sources of income. This is important because it prevents costly errors, especially when filing tax reports.
Let’s face it; all of these activities can be very time-consuming, especially for busy business owners with lots of equally-important things calling for their attention. Besides, the financial knowledge to properly handle the important task of bookkeeping might not be your strongest point.
Luckily, it is not necessary to employ a full-time bookkeeper or accountant on your staff. An experienced CPA can provide expert bookkeeping services for your business and be paid hourly. Outsourcing your bookkeeping needs will not only reduce the cost of having a full-time employee on your staff, but will also remove the need for providing perks or fringe benefits that usually apply to in-house workers.
Here’s what we propose: focus on managing your business, expanding your reach, and maximizing your profits, while we take charge of your bookkeeping needs.
Our Bookkeeping Services
At Chaudhry CPA our recordkeeping, report filing, and bookkeeping services cover a broad spectrum, including (but not limited to):
- Handling cash balance reports and bank reconciliations
- Preparing income statements, balance sheets, and other financials
- Keeping accurate records of sales journals and general ledgers
- Managing accounts receivable and accounts payable
- Preparing and filing accurate business tax reports as well as paying bills
- Invoicing patrons and posting collections
- Handling payroll services and preparing payroll tax reports on a quarterly and annual basis
- Preparing customized reports as may be required
How We Operate
While we provide a wide range of bookkeeping services for businesses, we understand that every business is unique. Therefore, it is important that we work closely with you to figure out the specific services you need.
Next, we map out a feasible schedule for data collection, which will form the basis of recording, maintaining, and handling your bookkeeping needs in an efficient and timely manner.
What Will It Cost?
This is the crux of the matter for many businesses, and rightly so, since cutting down costs is essential to business growth.
Our prices are reasonable and depend on the volume of work involved. But you can rest assured that you will likely save more by hiring us than you would by having an in-house bookkeeper. For starters, you won’t need to spend scarce resources on training and retraining employees, buying equipment and software, and other associated employee costs.
We give you bookkeeping services tailored to your business needs, so you can give your attention to running your business.
Get in touch with us today for a free estimate.
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Let’s talk about your business needs.