Growing small businesses need a clear financial road map. Bookkeeping services for small business are designed to provide you with an accurate picture of where your funds are, how they are being utilized, and where they are going. We will show you a few of the common ones below.
1. Bookkeeping
Managing your day to day bookkeeping can be time consuming, as well as confusing. You need professional support to allow you to put 100% of your efforts into your business. Bookkeepers can work for a few hours per quarter all the way to full time support, depending on your needs. Bookkeeping services may include a few of the following:
- Paying bills.
- Recording transactions.
- Collecting invoices.
- Adhering to state and federal regulations.
- Providing detailed P&L (profit and loss) statements.
2. Payroll Services
No matter how much you trust your employees, your payroll is essential to the survival of your business. Even an honest mistake can cost you big, not to mention what happens when someone dishonest gets access to it. It is crucial you use an impartial third party that can tell you to the penny and hour how much your payroll is and that you are on schedule.
3. Bank Reconciliation
Your small business may constantly show differences between bank statements and your current records. Bank reconciliation services let you know in real time what your balance is, even if you have multiple accounts. This is highly useful to avoid over withdrawals, unauthorized withdrawals, and other mistakes that can occur. And who has the time to constantly to constantly check each transaction against their bank statements?
4. Corporation Set Up
Do you have a small business or are thinking about starting one and wondering if a corporation set up is right for you? A corporation can help protect you against liability, as well as lower your federal or state tax bills. Many different types of corporations exist, so contact a trusted bookkeeper to find out which type is right for you.
Each state has its own regulations for corporations. Click here to view resources for setting up a corporation in Texas.
5. QuickBooks
This advanced service is used by all sorts of small businesses to help with the bookkeeping. Your bookkeeper can connect to your account so you both may use the software and share insights.
Houston Bookkeeping Services for Small Business
Feel free to contact us if you own a small business in the Houston or surrounding areas and need help with the books.