Managing the books – ledgers, journals, checkbooks, invoices, and check writing – is vital to stay on track and properly manage cash flow. Accuracy and timeliness are key to ensuring that all the bills get paid, money gets collected and tax collectors are satisfied. The term “bookkeeper” can be used without certification, so it’s important to know what experience and qualifications people have before allowing them to manage your books and finances.
What Is Bookkeeping?
Bookkeeping generally means the activities related to recording and processing money flow in the business. Thompson CPA brings more than 30 years of experience in accurately and efficiently bookkeeping for individuals, small and medium sized businesses.
Bookkeeping Potential Hazards
Have you been tempted to hire just anyone to do bookkeeping or have staff or family members “do the books?” Too often businesses engage inexperienced people to read and record your sensitive data. Mistakes and inaccurate reading and recording can result in missing payment deadlines, cash shortfalls, and penalties.
And people who help out informally are often distracted and unreliable. Record keeping should be done regularly AND accurately. Thompson CPA is responsive and careful.
Bookkeeping typically includes:
- billing customers
- review accuracy of invoices
- recording invoices and payment requests
- processing payments to staff, contractors, vendors, utilities, and agencies
- recording payments made and scheduled
- recording cash receipts
- processing accounts receivable
- creating journal entries for adjustments, depreciation, and corrections
- data entry & compilation
- publishing financial reports
Focus On Your Success
Thompson CPA has provided time saving, accurate, and professional bookkeeping to allow our clients to focus on what they do best. We do all this with complete confidentiality.