Bookkeeping: The recording of financial transactions- including purchases, sales, payments, and receipts- as a process of accounting and managing responsible by an individual or business.
B is for Bookkeeper. The role of a bookkeeper is the perform the first steps of the accounting process. Analyzing, categorizing, and recording financial transactions begins this process and outlines the duties of a bookkeeper. Sound familiar? Accountant and bookkeeper’s duties can be confused easily. So what’s the difference? Why hire an accountant and not a bookkeeper?
In the simplest of terms the bookkeeper is responsible for recording and categorizing of financials, whereas an account is responsible for analyzing, reporting, and communicating said data. At times businesses are small enough business owners can utilize software, like Quickbooks, and do their own bookkeeping and manage just fine. As business grows, people become busier, or some don’t want the stress that comes with managing and categorizing charges and accounts. A professional can help relieve the stress and become a new source of knowledge to help business growth.
Have a shoe box full of receipts? Bank statements pages long? Don’t know how to use Quickbooks? A bookkeeper can help!
Simply Taxes offers bookkeeping services catered to any business and can be personalized using the latest software. Among monthly reporting, entry tracking, invoicing, and taxes, payroll services can be included as well to relieve business owners of the mundane tasks that can get in the way of success.