What Does A Bookkeeper Do?
Bookkeepers manage client accounts, produce financial reports, and monitor revenue, spending and invoices. They analyze financial documents to make sure accounts are current and accurate, using specialized software, spreadsheets and other tools.
Businesses of all sizes do their own bookkeeping, while many others hire outside experts. Professional bookkeeping firms often have a niche, such as small businesses or businesses in certain fields.
Bookkeepers employed by large companies often are assigned to specific projects or accounts. Many handle payroll and taxes, which outsourced bookkeeping services typically do not.
We partner with trusted colleagues best suited to provide you with the right combination of affordable, technically advantageous services to help you effectively run your business.
We free clients from non-revenue-generating bookkeeping tasks so they can focus their limited time, talent, and resources on their core competencies.
If tasks like tracking cash flow and reconciling accounts are taking up time better spent with existing or potential customers, using an outside bookkeeping service is usually a smart, cost-effective route.
How an Outside Bookkeeping Service Can Help Your Small Business Grow
Here are three examples of how a bookkeeping company like BookWerksTM helps clients:
- For the solopreneur too busy to classify expenses and look over their bank account statement who nonetheless needs timely financial information to make key business decisions, we reconcile accounts, code income and expenses and deliver monthly statements that tell a useful story.
- For the business owner with a few employees, who must bill clients or patients, pay vendors and routinely buy supplies, we provide monthly financial statements and analysis to show how the business is performing. Our reports help this company see which customers are the most profitable, where they are wasting money, and how they are doing year-to-year. We offer advice when they are considering major equipment purchases.
- For the company with dozens of employees to manage, customers to serve, and equipment to maintain, we create monthly financial statements for each location, showing cost and labor margins. We take vendor invoices off their hands, making sure they are paid on time and recorded properly.
Bookkeepers run the gamut from minimalists to “do-everything” firms. Some just clean up data clients have entered through the month, and others do everything from logging bills to sending out invoices.
We suggest you look for a bookkeeper that best fits your specific needs. Pick a firm of people you admire and trust, who provide services for a flat monthly fee (no surprises).
A good bookkeeper’s accuracy and reliability give you peace of mind. They support your business and focus on your growth—with services that combine the human touch and automated, cloud-based processing.