What Are Bookkeeping Services?

by | Jan 16, 2023 | Bookkeeping

You may be wondering what bookkeeping services are. A simple definition of these services is that it is the practice of keeping track of and recording the financial transactions of one’s business. These business activities are usually organized into financial reports so that the financial position, performance, and viability of the business can be quickly ascertained without having to go through tons of data and calculations to do it. Learn more about bookkeeping services below.

What Basic Services Does a Bookkeeper Offer?

Basic services involve the tracking of a business’ accounts payable (what is owed to clients, customers, and businesses) and accounts receivables (what is expected to be received from clients, customers, and businesses). At the very least, a bookkeeper is expected to keep track of these.

Other Services a Bookkeeper Can Offer

More established bookkeepers can also manage a company’s payroll, handle cash deposits, create and maintain the financial reports based on the company’s financial data, and stay on top of sales taxes and quarterly taxes so that he or she knows how much the company should withhold each quarter and year to be in compliance with the local, state, and federal governments.

A bookkeeper can be vital when you want to apply for a business loan, answer a tax auditor, or plan for next year’s business activities and meet the expected budget. Having a bookkeeper can also make filing those all-important tax documents much easier to handle each calendar year and increase the chances of not being audited.

If you are in need of any of these bookkeeping services in Slidell, LA or the surrounding areas, contact us or call us at 1-504-521-1010 to set up an appointment so we can handle these services for your business.

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