Avoiding Common Franchisor Bookkeeping Mistakes
April 15, 2024
What happens when franchisors make bookkeeping mistakes? They can face harmful financial inaccuracies, compliance issues, and worst of all, strained... Read More
April 15, 2024
What happens when franchisors make bookkeeping mistakes? They can face harmful financial inaccuracies, compliance issues, and worst of all, strained... Read More
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The services of bookkeepers and accountants for small business dovetail like those of dentist and dental hygienists, and both are crucial to small businesses. Bookkeepers like BookWerksTM keep track of day-to-day financial transactions and clean up errors or omissions. Our job is to provide regular, timely, accurate reports to help you make smart decisions. Then, at tax time, your accountant can efficiently file your taxes with the information we provide. The accountant, like your dentist, is more highly trained, and therefore, more expensive. Your bookkeeper doesn’t NEED to know everything your accountant does, but conscientious work on the bookkeeper’s part makes the accountant’s job simpler (and saves you money). Accountants appreciate good bookkeepers and vice versa. Each complements the other to help their small business clients thrive. When you have your accountant handle the recording of daily income and expenses, you are paying too much, and not making the best use of their strengths.