Basic Bookkeeping

Basic Bookkeeping

The goal of the Basic Bookkeeping Bundle is to take the menial administrative tasks off your list. This is done by setting up systems for reporting invoices and sales to me so I can record them and provide you with a list of items for you to approve me to pay. I will also reconcile your books monthly within the first 10 days of the month. If there are questions, I will meet with you for clarification. When the reconciliations are complete I can provide you with a balance sheet and a P&L statements. 

Included

Transaction Categorizing

Categorizing transactions is a basic function of a company. This allows for better understanding of where money was spent. Maintaining consistent and simple categorizing can improve every decision of the business. Simple, but precise records, can make a very large difference. I will categorize your transactions into a simple and precises way easy to understand. 

Bank Account Reconciliation

With so many transaction occurring every day, it can be easy for records to become a mess. Reconciling these transactions to bank accounts can ensure orderly and accurate records. Without reconciling your records monthly, it is as if you are driving a car blindfolded. There is no way to know if you are on the right path or if you are about to crash. I aim to reconcile your bank accounts, credit cards and loans every month before the 10th. 

Prepare Financial Statements

Financial Statements allow owners to review their transactions and determine the health of their company. With these statements, many other analysis can be performed to gain even further insight. With simple month to month comparisons of the financial statements, a business owner can start seeing trends that may help the business thrive. I will provide you with accurate financial records that you can use for your analysis. 

Maintain Records

Record keeping is vital for a company. Being able to maintain orderly records can help when questions arise. Many records also need to be kept for several years. I will maintain an organized record keeping system that will make it possible for you to review them if needed. 

Bill and Tax Payments/ Invoice Management

Every company makes several purchases every week and every day. The amount of purchases made can make it hard to track which vendors have been paid and when they need to be paid. Some vendors may also mistakenly bill you multiple times. I will manage your invoice and help track your expenses. With your oversight, I will also make needed payments for both your vendors and for your taxes.

Receivables  Recording

Tracking customer invoices and the payment of those invoices can be a daunting task. This is also an important task because it can make a large impact on how the customer views your business. Recording these receivables and ensuring the correct customer is credited for that payment is necessary. I can help record your customers payments and make sure the correct accounts are credited.

Maintain up to date Licenses and Insurances