Bookkeeping Value
Providing small businesses and entrepreneurs with value-driven service.
“The value of bookkeeping goes beyond saving money.”
- Dr. Bryan Raya
Provides monthly and annual financial statements including profit and loss, cash flow, their balance sheet, and guidance on how to read and interpret the data
Allows business owners to focus more time on their business to increase profits and revenue
Gives a peace of mind to owners knowing their books are cleanly maintained, money is being properly received, and bills are paid in a timely manner
What is bookkeeping?
Bookkeeping is the process of recording financial transactions of a business. It involves summarizing, analyzing, and reporting financial data. Bookkeeping is essential for businesses of all sizes to track their financial health and make informed decisions about their finances.
What does a bookkeeper do?
A bookkeeper is responsible for the day-to-day recording of financial transactions. They typically handle tasks such as:
Maintaining ledgers and journals
Recording invoices and receipts
Preparing and conducting bank reconciliations
Generating financial reports
Tracking assets and liabilities
Complying with accounting regulations
What are the benefits of using a bookkeeper?
There are many benefits to using a bookkeeper, including:
Save time and money: Bookkeepers can save businesses time and money by handling the day-to-day bookkeeping tasks. This frees up business owners and employees to focus on other tasks.
Improve accuracy: Bookkeepers are trained to follow strict accounting procedures, which can help to improve the accuracy of financial records.
Comply with regulations: Bookkeepers can help businesses to comply with accounting regulations, which can help to avoid fines and penalties.
Get insights into financial performance: Bookkeepers can provide businesses with insights into their financial performance, which can help to make better business decisions.
What are the different types of bookkeeping?
There are two main types of bookkeeping: manual and automated.
Manual bookkeeping is the traditional method of bookkeeping. It involves recording financial transactions by hand.
Automated bookkeeping uses software to record and track financial transactions. This is the most common type of bookkeeping today.
How much does bookkeeping cost?
The cost of bookkeeping depends on a number of factors, including the size of the business, the complexity of the financial transactions, and the frequency of bookkeeping services. DBR Bookkeeping customizes his rates to match your businesses and its needs.
How often should I have my books reviewed?
The frequency of bookkeeping reviews depends on the size and complexity of the business. Small businesses may only need their books reviewed once a month while larger businesses may need them reviewed weekly or even daily.
What are the different bookkeeping software programs?
There are many different bookkeeping software programs available, each with its own strengths and weaknesses. Some popular bookkeeping software programs include QuickBooks, Xero, and Sage 50. DBR Bookkeeping recommends QuickBooks Online as there are various subscriptions levels that can adapt and grow with your business.
How do I choose the right bookkeeping software program for my business?
When choosing a bookkeeping software program, it is important to consider the size and complexity of your business, your budget, and your needs. You should also read reviews of different software programs to get an idea of which one is right for you. DBR Bookkeeping can help find the right software for your business.
Helps identify potential fraud within their business
BOOKKEEPING FAQ
Provides solutions regarding their bookkeeping, workflow, and cashflow