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Virtual Jeannie Bookkeeping Services, Inc.
Why Hire A Professional Bookkeeper?
Why shouldn’t I do it
myself?
When a company is concerned
about its cash flow, do it yourself bookkeeping
appears attractive. However, accurate bookkeeping is
a critical asset to your business. Small business
owners can keep afloat by making sure all possible
tax deductions are claimed, by monitoring cash flow,
and keeping records up to date.
Here are the most important reasons
to hire a professional.
Accounting software
To effectively utilize accounting software, an
understanding of basic accounting principles
required. Without that knowledge, possible
inaccuracies in accounts can lead to penalties being
imposed by various tax agencies. This also applies
to accounts payable and receivable. Inaccurate
entries can interrupt the general cash flow of a
business. A (Remove or replace with Professional)
certified bookkeeper will understand the intricacies
of the software and what records need to be entered
into the system. Having a professional manage your
accounting software can also avoid the costly
process of required Certified Public Accountant
corrections to your books at tax filing time.
Payroll management
Rules that govern proper payroll procedures change
frequently. A professional bookkeeper makes it his
or her business to stay on top of the current
requirements needed to avoid penalties and keep your
business free from liability. A professional
bookkeeper will also make sure that payroll
estimates are available to allow for future
financial planning.
Invoicing incorrectly
One of the major mistakes a business can make is
incorrect invoicing. Delayed invoicing can also put
a strain on business cash flow. Incorrect invoicing
can be a huge cost to a business; the time spent
trying to reconcile invoice can be prohibitive. A
bonded??? (I’m not bonded, but I can be.)
bookkeeping company can ensure that the invoice is
correct and issued in a timely manner. This also
applies to accounts payable. Timing and accuracy in
this department will allow your business to maintain
a healthy credit rating with suppliers.
Accurate deductions
An expensive mistake often made in do-it-yourself
bookkeeping is incorrectly recording items as being
tax deductible. For instance, claiming a full tax
deduction when an item is partially being used for
private purposes such as a motor vehicle. A
professional bookkeeper will keep up to date with
the changes in tax laws pertaining to your industry
and have a full understanding of what items are
tax-deductible for your business.
Back up records
Legal requirements for record keeping change on a
regular basis. Business owners need to constantly
educate themselves about what records to keep and
for how long. Ideally, there are recorded details in
an accounting software package for easy access and
transfer to your accountant. However, backing up
these financial records is equally as important.
Your computer may be stolen or have a hardware
issue. Off-site back up storage should be kept in
case of theft or damage. A professional bookkeeper
protects the security of your financial data by
safely backing them up.
A professional
bookkeeper will keep a close eye on cash flow and
help reduce your tax liabilities, and ensure your
records are correct and up to date. Hiring a
qualified bookkeeper gives you valuable time to do
what you do best: increase company profits. You are
engaging a professional with up-to-date expertise to
make sure your books will comply with tax law and
regulations.
Virtual
Jeannie Services Include
Full Charge Bookkeeping Services
Accounts Receivable Services (Billing &
Collections)
Accounts Payable Services (Bill Paying)
Full Payroll Services
Data Organization & Management
Pick Up & Delivery of Material In Local Areas
QuickBooks Consulting
QuickBooks Setup & Training
SSL Secure Online Document Management System
(DMS) to transfer files
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Virtual Jeannie
helps make your
business bookkeeping
headaches disappear.
Your wish is a
phone call away!
707-664-1425
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