Bookkeeping is performed on a schedule; daily, weekly, twice monthly, monthly or annually
Data entry of banking, credit cards, payments, deposits, invoices, bill payments, etc.
Timely and accurate financial reports delivered monthly
Annual E-filing of 1099’s
Our Advisor Group Is Committed To Help Clients
We provide expert options, recommendations, and strategies to help your business achieve its financial and existence goals.
Our responsibility encompasses providing accurate, updated financial data for effective business running and evaluation. Bookkeeping for small business packages works well for staters; however, our company is always ready to grow with you to bigger scales.
If you are looking for a go-to ‘best bookkeeping near me service provider, Income Tax Inc is always available. Below are our specific service details.
1. Data Entry
Accurate entry of financial data forms the basic foundation of bookkeeping and accounting services. The procedure entails the recording of all financial transactions as they occur. From these data, business owners and stakeholders interpret their business performance accurately and fairly.
2. Bank Reconciliation
We will compare financial transactions in your books of accounts against your bank statements. These two must always match for accountability. Bank reconciliation is critical, given it helps you find and correct erroneous data entries and overlooked transactions.
3. Accounts Receivable, Accounts Payable, and Payroll management
We will ensure that your customers receive an invoice and send payments in time. Additionally, we will provide timely resolution of all outstanding supplier bills to avoid unnecessary delivery delays.
Our payroll handling services involve calculating employee salaries, regulating deductions, and ensuring timely payments. Employees are always happy and motivated to work whenever they receive a reasonable price.
4. Monthly Financial Reports
Financial reports serve a great purpose in laying the track of business performance. Using the best bookkeeping software like QuickBooks, we can generate a quality description for successful analysis.
Some of the critical financial reports we deal in include:
- Balance sheet: a statement reflecting the current financial position of a business
- Profit and loss: a statement keeping track of earnings against expenses and reveals whether the business is making profits or losses
- Cash flow statement: a statement recording all cash transactions and showing cash-in-hand for the business
- Accounts receivable: a statement of debtors’ owed amount and payment collection dates.
- Accounts payable: a statement reflecting creditors, how much the business owes them, and when to pay
Our online bookkeeping services for small business stays updated with the trending methodologies on how to handle all these reports. Considering our offers is choosing the best bookkeeping services near me.
Understanding what Bookkeeping is and embracing its offers is a path toward taking control of your business.
Income Tax Inc remains exclusively vibrant in its drive for businesses’ success through proper financial accountability. Beyond the typical QuickBooks bookkeeping tips, we expose your business to bookkeeping secrets that nurture profitability.
Our services are limitless to the boundary. You will conveniently enjoy our services from any corner of the world.
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Why You Should Hire an Experienced Bookkeeper
Income Tax Inc Services connects with many businesses seeking help and advice about their bookkeeping. A common issue between them is they have learned a valuable lesson and should have hired an experienced bookkeeper.
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Frequently Asked Questions
Accounting for your business finance plays a critical role in success. Bookkeeping helps you analyze the financial trends of your business, helping determine whether you are making losses or profits. Data entry, Bank Reconciliation, Monthly financial reports and Accounts Receivable, Accounts Payable, and Payroll management are some of its key elements. As a manager, you need time to spend on other income-generating endeavors like marketing which forms an integral part of the business success system.
When looking for an accountant or a bookkeeper, in this case, the choice of who to hire is always yours, whether it is virtual or office present expertise you want. However, in the long run, a virtual employee is always cheaper. Think about it, bookkeeping for small businesses remains paramount; at the end of the day, it is never that intensive compared to big business situations. It is, therefore, much cheaper to hire a virtual worker who will attend to specific work given and leave when the contract ends.
Also, having an office for a bookkeeper is an additional cost. Starting businesses might not be in total capacity to facilitate all these and still effectively thrive.
We are professionals at QuickBooks bookkeeping for fast business growth. We exhaustively lavage QuickBooks features, integrating them with 3rd Party Apps and Tools that extend their capabilities. Additionally, we chose the QuickBooks bookkeeping strategy to align with your business needs. It is always the best bookkeeping software that improves your business, and we are ready to share it.
No. You will not need a staff accountant when hiring us. In starting your work, we will need someone within your business to walk us through a few details of your finances. These people can be anyone, not necessarily those with account knowledge. Income Tax Inc is a complete accounting and bookkeeping ‘package’ which requires no addition.
We immediately assume bookkeeping roles at your business upon signing up! Before anything else, we will first ensure to learn the nitty-gritty of your business structure, model, and financial system. We will develop a working strategy from such a basis, including adapting the best QuickBooks bookkeeping service that fits your enterprise.
Yes, but only a thin line that separates the two. Bookkeeping mainly focuses on recording financial transactions for an enterprise; accounting, on the other hand, majors in the interpretation, classification, and reporting of these transactions.
Income Tax Inc is an ISO-certified company operating under the US business legal terms. Our focus prevails best online bookkeeping services provided to all business models. QuickBooks detect intrusion and provide multifactor authentication (MFA) or two-factor authentication (2FA). We are keen on privacy protection and the safekeeping of data.
The ideal cost of online bookkeeping services is subject to two key components. First, the size of the business is usually a directly proportional rate; the bigger it is, the more it costs and vice versa. Preferred features are another factor. Again, on this, the more features you want to be based on their complexity and importance, the more you pay. See our pricing
Sign up today and access our free trial. Enjoy Multiple engagement models comprising unlimited telephone as well as email support. We have a dedicated team that revolves around giving daily reports on every encounter they have with your business. Share in our bookkeeper secrets today!
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- save up to 50% of your ordinary employment costs
- Access the world’s best accounting professionals
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