Our team classifies and reviews transactions based on the information included in your business's bank account. Afterward, our team performs bank reconciliations to ensure that no transactions were missed or double-recorded.

For transactions where the purpose is unclear to our team, we will get your assistance in classifying it. All books are reviewed by at least two team members before they are presented to our clients.

Our team generally uses QuickBooks Online for our bookkeeping engagements. Sometimes, we will use specialty software or a unique Enterprise Resource Planning (ERP) system if the client is a larger business.

With proactive bookkeeping, it is easier for our team to identify and plan around opportunities for tax savings. Solid bookkeeping is also necessary for claiming certain business credits, such as the R&D Tax Credit.

All businesses generally benefit from having quality bookkeeping. Sole proprietors' books can be the easiest to manage, as they are not generally required to maintain a balance sheet for their business. In this case, it can often be sufficient for someone with limited accounting knowledge to manage the books.

All partnerships and corporations should have an experienced bookkeeper, as they are subject to more tax regulations, are legally more complex, and are often required by state law.

Cash basis is our default recommendation for most businesses. The accrual basis accounting is more complex and often requires taxpayers to report more income than necessary. However, it is sometimes required once a business passes a certain threshold in gross receipts.

Our accounting software will generally allow us to analyze your business books under both methods, as the accrual basis can often be more useful for the analysis of your business's income.