Bookkeeping involves recording daily financial transactions such as sales, expenses, and payments, and can also include the preparation of financial statements. Accounting takes this further by analyzing, interpreting, and summarizing the financial data to generate reports and provide insights for informed business decisions, as well as preparing tax returns. Accurate accounting relies on precise and thorough bookkeeping.

Bookkeeping is essential because it helps you track income and expenses, understand your financial position, prepare accurate tax filings, and make informed business decisions. Without proper bookkeeping, you may face cash flow issues, miss tax deductions, or even run into legal problems.

It’s recommended to update your books regularly, ideally on a daily or weekly basis. Keeping your books up-to-date helps ensure accurate financial reporting, avoids last-minute tax season stress, and provides you with real-time insights into your business’s financial health.

Yes, we can assist with tracking sales tax collected from your sales and ensure that you file your sales tax returns accurately and on time. Proper sales tax management is crucial to avoid penalties and ensure compliance with state regulations.

We use secure, cloud-based accounting software like QuickBooks Online, which employs advanced encryption and security protocols to protect your financial data. Additionally, we adhere to strict confidentiality practices to ensure your information remains private and secure.