Bookkeeping services maintain organized financial records for small businesses. This service supports business owners who need accurate record keeping for tax preparation, financial management, and business operations. We organize income, expenses, and financial transactions using accounting software and standard bookkeeping practices.
The process begins with setting up your chart of accounts and recording historical transactions. We categorize income and expenses according to standard accounting principles and your business type. We reconcile bank and credit card statements monthly and prepare financial reports including profit and loss statements and balance sheets.
We maintain records of accounts receivable and payable, track inventory if applicable, and prepare monthly financial summaries. We ensure all transactions are properly documented with receipts and invoices. We also prepare records needed for tax preparation, including expense categories and income summaries.
Typical documents include bank statements, receipts, invoices, credit card statements, payroll records, and vendor contracts. We provide monthly financial reports and organized records for year-end tax preparation. This service helps small business owners in Boston, MA maintain accurate financial records for tax compliance and business management.
What's included
Comprehensive bookkeeping add-on
Monthly bank and credit card reconciliation
Income and expense categorization
Accounts receivable and payable tracking
Monthly financial report preparation
Receipt and invoice organization
Chart of accounts setup and maintenance
Year-end tax preparation summaries
Financial record backup and storage
Common situations
When you need bookkeeping add-on
Retail businesses with inventory and sales record management
Consultants requiring income and expense documentation for tax purposes
FAQs
Bookkeeping Add-On questions answered
How often do you reconcile accounts in Boston, MA?
We reconcile bank and credit card accounts monthly in Boston, MA to ensure all transactions are accurately recorded and discrepancies are identified and resolved promptly.
What financial reports do you provide in Boston, MA?
We provide monthly profit and loss statements, balance sheets, and cash flow reports in Boston, MA to help you track your business financial performance and make informed decisions.
How do you categorize business expenses in Boston, MA?
We categorize business expenses in Boston, MA according to IRS guidelines and standard accounting practices, separating deductible expenses from personal or non-deductible items.
Can you help with accounts receivable in Boston, MA?
Yes, we track accounts receivable in Boston, MA by recording invoices, payments received, and aging reports to help you manage cash flow and follow up on outstanding payments.
How do you handle year-end tax preparation records in Boston, MA?
We organize and summarize all financial records in Boston, MA for year-end tax preparation, providing categorized expense reports and income summaries ready for your tax preparer.
Compliance Note
We provide bookkeeping services. We do not provide legal advice. Bookkeeping does not include audit or assurance services.
Example engagement
How we help with bookkeeping add-on
Service Type: Bookkeeping Add-On
Location: Boston, MA
Scope: Monthly bookkeeping and financial record maintenance
Client Situation
Small business owner needing organized financial records for tax preparation
Our Approach
Set up accounting software, reconcile monthly bank statements, categorize transactions, prepare financial reports, organize records for tax filing
Expected Outcome
Accurate monthly financial records and year-end summaries for tax preparation
Example of the type of engagement we can handle
Ready to get started
Get help with bookkeeping add-on
Contact us to discuss your situation in Boston, MA. We can share references upon request.