As a business owner or manager, you know all too well the challenges of running a company. Daily operations alone can be tedious, leaving little time to focus on much else, let alone your books.
If you’re looking for someone to help manage your finances, you may seek a bookkeeper or an accountant. But what’s the difference between the two? And do you need to hire both for your business? Jessi’s Bookkeeping & Financial Services is here to break it down and help you decide.
Bookkeeping Tasks
So, https://jessibfs.com/services/what does a bookkeeper do, and how can they help your business thrive? Bookkeepers are in charge of the following tasks:
- Recording financial transactions
- Posting debits and credits
- Maintaining and balancing subsidiaries, general ledgers, and historical accounts
- Putting together invoices
- Preparing financial statements
- Completing payroll
- Giving financial advice
A bookkeeper is there to help you make sound financial decisions for your business. They can help you through each stage of your company — from helping you start on a solid financial foundation and offering expert advice and financial reports to helping you budget and onboard new employees.
Bookkeepers are becoming more in demand as small businesses continue to grow and take advantage of their services. In fact, the market size of the payroll and bookkeeping services industry in the United States has grown 2.0% per year on average between 2017 and 2022.
The Role of an Accountant
An accountant takes the data collected from a bookkeeper to produce financial models. An account will:
- Prepare adjusting entries
- Review company financial statements
- Analyze your costs of operations
- Complete income tax returns
- Discuss the impact of your business’s financial decisions
Additionally, accounting services can help with strategic tax planning, forecasting, and tax filing.
Bookkeeping vs. Accounting: How Your Brand Can Benefit From Both
When it comes to accounting and bookkeeping, it isn’t really a matter of picking one over the other. They are two different services that work well when used in conjunction with one another.
A bookkeeper will gather all your business’s financial information and use it to organize your finances. They’ll give you sound financial advice and guide you through the ins and outs of your budget. They can then pass all this information to an accountant, who will help you with tasks like filing your taxes.
Organized financial records and properly balanced books combined with a robust financial strategy and accurate tax filings will save you valuable time and help your business succeed. However, you want to start with a reliable bookkeeper who will help ensure your business runs as smoothly as possible. Enter Jessi’s Bookkeeping & Financial Services.
How Jessis’ Bookkeeping & Financial Services Can Help Your Business Grow
No matter what industry you’re in, running a business is challenging. At Jessi’s Bookkeeping & Financial Services, my goal is to help your business make sound financial decisions. I am here to support you and your company by keeping careful financial records, assisting with payroll, and helping monitor the financial health of your business.
Then, when the time comes, I can work with your account to ensure all your financial data gets transferred smoothly and accurately. My priority is to provide personalized attention and be there for every financial need your business may have. As a result, you can focus on other business matters that may require more of your attention.
Get Started With a Reliable Bookkeeping Service Today
If you’re a small business owner looking to stay organized and make the best financial decisions for your company, you need an experienced, reliable bookkeeper. Jessi’s Bookkeeping & Financial Services is here to help. Rather than offering one-size-fits-all pricing, I scale my solutions to your business’s unique budget and goals. If you’re interested in receiving a free quote, contact me today.
