Why is Bookkeeping so important?
Everyone in business must keep records. Bookkeeping is a system of record-keeping that tracks your receipts and disbursements by posting them to your chart of accounts. Bookkeeping also helps track your debt payments, reconcile your bank accounts and manage your cash flow. Good records will help you to know how your business is performing, where your problem areas are and which revenue items are yielding the most profit for you. Good records will help you to prepare your tax returns at the end of the year. Keeping track of your receipts and disbursements will assure that all of your expenses are accounted for. In the event that you are called on for an audit, your records will substantiate your tax returns and avoid changes by the government as well as penalties and interest charges and fees.
Simply Business Inc. can help you set up an accounting system for your business. Your accounting system could be as simple as a checkbook register or a more advanced system such as Quickbooks software for more complex accounting issues. At Simply Business Inc., we offer three fixed rate packages starting as low as $200 per month. These packages are geared towards the business person who does not have the time to tend to the accounting themselves or the desire (or the money) to hire their own bookkeeper. We service all business entities including sole proprietorships, LLC’s, LLP’s, Partnerships and Corporations.
HOW MUCH IS YOUR TIME WORTH?
If you are one of those people who find themselves spending too much time on your books and less time on your marketing, give us a call. We would love to show you how we can help you make money and have more free time.
If our special rate packages are not what you need, or you only need temporary assistance, we can customize a set of services that will suit your individual needs.
Check out these pre-packaged services: