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 help. Professional bookkeeping services 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 colleagues most suited to provide you with the best combination of affordable, technically advantageous services for you to 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 you could better spend with customers, using an outside bookkeeping service is usually the most cost-effective route.
What Bookkeeping Services for Small Business Do
Here are three examples of how a bookkeeping company like BookWerksTM helps clients:
- For the solopreneur too busy to classify expenses and reconcile their bank account–but needing timely financial information to know where they stand every month–we reconcile accounts, code expenses and deliver monthly statements that tell a 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. We offer advice when they are considering making major equipment purchases.
- For the company with dozens of employees to manage, customers to serve, and equipment to keep up, we create monthly financial statements for each location, showing cost and labor margins. We take vendor invoices off their hands, making sure they are entered properly in a timely way.
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, trust, and who provides services for a flat monthly fee.
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.