QuickBooks, Accounting, and Bookkeeping Services for Small Businesses

“A little knowledge is a dangerous thing,” a wise man once said. We’re pretty sure he wasn’t talking about accounting and bookkeeping back in the 1700s, and he definitely wasn’t talking about QuickBooks. Of course, there’s that other expression that says, “If the shoe fits…”

When it comes to small businesses taking the do-it-yourself approach to QuickBooks, accounting, and bookkeeping, a little knowledge can definitely be dangerous. Here’s a very simple example.

Small business owners will often treat a check, withdrawal, or transfer to themselves as an expense because it’s money going out of the business. The problem is, they could end up drastically underreporting their income. They assume they’re taking a deduction, not realizing that they’ll have to pay tax on that check, withdrawal, or transfer.

This is one of the many mistakes we can reduce or eliminate through our accounting and bookkeeping services for small businesses.

Accounting and Bookkeeping Services Include but Are Not Limited to:

Bank and credit card reconciliations
Reviews of monthly statements
Expense management
Payroll
Sales tax calculations and payments
Inventory management
Invoicing
Tax reporting and filing
Monthly reporting

Services are flexible and can be tailored to suit your preferences and business requirements. We typically provide accounting and bookkeeping services via QuickBooks Online. If you’re not already using QuickBooks, our QuickBooks Certified ProAdvisors can set up and manage your systems and processes in a way that reduces errors and risk.

QuickBooks Certified ProAdvisors with a Virtual CFO’s Perspective

QuickBooks small business accounting software helps you track and manage sales, cash flow, expenses, invoices, payroll, inventory, sales tax, and more. We have two QuickBooks Certified ProAdvisors on staff at Diane E. Cahill CPA, PC. Using QuickBooks Online, we can provide accounting and bookkeeping services to virtually any small business, regardless of location. If you’re using the desktop version of QuickBooks installed on your computer, we can access your system remotely as well.

The beauty of QuickBooks is that nothing happens behind the scenes. You can and should monitor what’s happening with your financial information in real-time. QuickBooks Online allows us to provide accounting and bookkeeping services with total transparency.

There are a number of bookkeeping service providers who can make sure the right numbers are entered into the right places. This is a critical first step to reducing errors and ensuring that all data is recorded and reported correctly. In addition to bookkeeping, we bring the perspective of a CPA and virtual CFO (chief financial officer) who understands the accounting component.

This means we can identify opportunities to reduce your tax obligation. We can see if the monthly fees you pay for services or the interest rates on loans are too high. We can help you implement strategies to improve tax planning and increase cash flow. While bookkeeping services are indeed valuable, it’s the accounting and virtual CFO perspective that can help you save money and grow your business.

Accounting and Bookkeeping Are Not DIY Projects

Do you have to be a CPA to use QuickBooks? Of course not. Is bookkeeping a core business function that generates revenue? Probably not. Let our QuickBooks Certified ProAdvisors help you track and manage your finances so you can focus on running and growing your business. Contact us to schedule a free consultation.