Bookkeeping
Why is bookkeeping so important? First and foremost, businesses are required by law to keep accurate records. And to take it a step further, unlike a court of law where you are innocent until proven guilty, when it comes to taxes and the IRS you are guilty until you can prove yourself innocent. Think of it this way: if you were to go into a court of law for a major crime that you did not commit, how much evidence would you want to have to prove you did not commit the crime; as much as possible, right? Well now let’s take this analogy one step further. Say that you knew before hand the date and details of the crime. What would you do to protect yourself from future allocations? That’s right you would want to make an accounting of every thing that you did during that day. Who you were with, what you talked about, how long you were their etc. everything you did would become very relevant right?
Unfortunately, the whole system is based on the idea that you are going to cheat. Because the IRS has set up a very complicated system; one that is volumes thick and very difficult to define, most folks live in a haze of tax confusion. The IRS bolsters this confusion by instilling a fear of penalties, liens and even incarceration if your found guilty of evading taxes in any way. Isn’t is interesting that the IRS times the press releases of people who have been busted for tax evasion with tax season? What better way to instill fear in a tax paying populace.
There are many good reasons to outsource your bookkeeping efforts. Here are a few:
Save You Money: First and foremost, as a business owner it is important to focus your time and energy on driving the business forward and increasing sales and revenue. Anytime you have to deviate from that goal you are losing money. Bookkeeping is one of those necessary evils that can truly take up hours of your time to accomplish. So you must ask yourself, “how valuable is your time?” You see, if you are spending the time tracking your day to day spending, logging expenses and checking receipts, then who is out there selling your products or services, building relationships and keeping an eye on your market? By incorporating our system into your workflow you will get your bookkeeping done quickly and efficiently, meaning less time spent on administrative tasks and more time spent on making money.
Decreased Accounting Costs: It is no secret that poor bookkeeping habits can be costly when it comes to tax time. By having inaccurate or forgotten data, access to thousands of dollars of legitimate tax savings can be lost. On the opposite side of the spectrum, by having all of your data accurate and in one place, you will be able to capitalize on all of the expenses you are allowed by law. In short, you need a system that allows you to easily capture and record all of your day to day activities so that you can benefit come tax time.
Our process is efficient and easy to use. As a nationwide accounting service we feel our products and services are unmatched in the industry and that our pricing model provides relief from the mainstream pricing structure. Our process involves four main steps:
1. Send your month-end documents (bank statements, check ledger,
etc.) via our toll-free fax, email, or mail
2. We input and process all data onto our accounting system.
3. We make any necessary classifications, adjustments, and reviews.
4. We complete and provide you with professional financial reports
for the month.