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The Best Bookkeeping and Accounting Services for Small Businesses

Using outside accounting and bookkeeping companies who specialize in helping entrepreneurs often make sense. You will have more time to spend on your core business, and always know where you stand financially. You can do it yourself, but do you want to? Most business owners, unless they are highly trained in financial recordkeeping, find it works better to outsource. How do you know if you need a bookkeeper, accountant or both? Bookkeepers keep track of the day-to-day, using standard accounting practices to accurately record transactions, reconcile bank and credit card statements, and keep you in the loop with monthly reports such as balance sheets, profit and loss statements and income statements. Accountants are more big-picture–and usually more expensive–offering tax and advisory services. Your accountant will prevent tax errors and resulting audits. Because they know the rules, accountants can tell you how much money to set aside, and ensure you don’t overpay.