Harvest Bookkeeping LLC's mission statement is straight forward: We're here when you're ready to have a bookkeeper help you with your books!
Books and numbers aren't everyone's expertise , so let me do what I do best and you do what you do best, that way together we'll help you succeed.
Too new to know what to do with your books, let's start with Tracking?
Track Every transaction
Keep a record of all your money coming in (income) and going out (expenses). Save those receipts, in a shoe box, something digital or even ... ahem in the closet.
Platform
Use spreadsheets or bookkeeping software, like QuickBooks Online to stay organized.
Sometimes life goes too fast, and in a flick of a second you are using the wrong card, the personal account or that petty cash you're holding on for your night out with loved ones. First identify which account you're used and second let your bookkeeper know what happened! We're here to help :)
Separate personal from business - trust me it simplifies life a whole lot better
Open a dedicated business bank account to avoid mixing business and personal expenses.
This makes it easier to track finances and prepare for taxes
There are a lot of reports that you may need, however the main three that make the top of the list are Summary Sheet and Profit and Loss (P&L) and Cash Flow Statements
Profit & Loss Statement (P&L)
Shows revenue, expenses, and profit over a specified period.
Balance Sheet
Lists assets, liabilities, and equity to show financial health.
Cash Flow Statement
Tracks how cash moves in and out of your business
A good bookkeeper will focus on your books, transactions, income and expenses in a much deeper level. While you take care of your business, we take care of the books.
You're correct! You need to add and subtract and balance it all! If you have the time to do it, there's no shame on taking care of your books yourself. Where we come in is to save you the time you're spending with the number crunching. After all, isn't efficiency a part of a good business :)?
Personally, I am exclusively working on QuickBooks Online platform, however if you and I click I would love to learn and help you with any platform of your choice (within reason).
First and foremost have your wants and musts listed down and understood. A good bookkeeper will be able to elevate the discussion from trying to understand what you need from them to offering a solution. They will not let you hanging and always ready to teach you important tricks and tips on how to get your financial affairs in order.
A good bookkeeper is worth their weight in gold! While that statement is 100% correct, don't undervalue what a bookkeeper offers. It is okay to negotiate the price, to ask why and how they came up with their charge. If the price isn't what you're looking for, be upfront about it, believe me, they save you more money than they are charging.
A bookkeeper and a CPA are like a nurse and a doctor, you need both! A bookkeeper takes care of your books during the whole year, while the CPA makes sure that the rules and regulations set forth by IRS and the government are properly followed and abided for.
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