Bookkeeping is a very important aspect of the accounting process. It forms the backbone of good financial reporting. Bookkeeping focuses on the recording and posting of transactional data. Accounting is the interpretation and presentation of that data to business owners and stakeholders. Bookkeeping is burdensome for the most part, very routine and the least appreciated task and given the least importance by business owners. Simply not true!
Bookkeeping is foundational in character. Accountants rely on the books provided by clients. If business transactions are not captured, not recorded and improperly classified, then the financial reporting would not be accurate and reliable. More often, business owners are not knowledgeable in financial accounting. Your CPA would not have time to go over your books at year end and prepare your tax returns. Unorganized and messy books of accounts is a recipe for IRS audits, fraud and misappropriations for lack of internal control. Erroneous business decisions may result from poor bookkeeping.
Ideally, recording of transactions should be done in real time or as soon as practicable. Do not wait for the year-end. Or worse give a shoe box of receipts to your CPA at tax time. Our firm wants to help you with this essential part of accounting. As business owners, your time is very valuable. Too valuable to do bookkeeping. You are not in the business of bookkeeping. Leave this function to us. Carangue & Carangue, PA has a bookkeeping division that has the staffing resources to do your books efficiently and accurately. We employ accountants only to do your bookkeeping tasks. This is our edge because your books are done right form the get go.
We provide 2 types of bookkeeping services: 1) after the fact bookkeeping & accounting which usually on a monthly basis and done at the end of every month or 2) real-time bookkeeping & accounting which is done several times a week or daily as the case may be depending on transactions.
Call us for a free consultation as to how we can assist you.