The Role of Bookkeeping

Accurate bookkeeping is the starting point of any good financial system. Without proper records, business owners and their stakeholders are unable to judge their success or failures. The general ledger affects many aspects of your business including these few examples:

Financial statement accuracy – Financial activity in the general ledger is summarized in the financial statements which are the formal representations of all business activity. Managers, investors, and government officials use this information for all major decisions involving your business.

Budget preparation – Businesses need a clear understanding of their financial flows in order to forecast cash expenditures. The more accurate the recordkeeping, the more likely budgets can be followed, signifying to future investors your company is a stable and well-run operation.

Tax compliance – Businesses will encounter a variety of tax payments for which they are responsible. Computation of these payment amounts begins with the general ledger. Any misrepresentation or omissions in your financial records can result in expensive fines and even jail time.

The Challenge for Small Business

Keeping up with the details of business transactions can easily bog down the most seasoned entrepreneur, but it can be especially challenging for small business owners to entrust others with their financial records. Our bookkeeping service is designed to strike a comfortable balance, keeping accurate and confidential records, while allowing clients to handle their own billing and accounts payable. Our bookkeeping specialists work alongside their clients, keeping them informed and in control of their books while avoiding costly errors.

Additional Cost Savings

Bookkeeping, financial reporting, payroll, and tax preparation are all integrated components that secure the financial health of your business. Our data processing is performed exclusively in our offices to ensure a more efficient product and protect client confidentiality. As a result, our financial experts can work together to provide additional services at little additional cost to you. Contact us today to learn how we can create a custom array of services to meet your business needs or take advantage of our flat-fee monthly service packages for small to mid-size businesses.


Peter Doyle, CPA
Managing Partner

1 (888) 433-2202
(ext) 151

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