What to Look for in Bookkeeping Services

Individuals and companies want to know how well their sales are performing. If your reports and transactions are in place by August 15th (Corporate Taxes) or the 31st, (Estimated Taxes), you will know how much tax you expect to return or how much of a loss you had.

Besides, it gives you some time to make some decisions, and perhaps even more sales. Thirty or fifteen days might not be a lot, but it could be an excellent motivation for improvements in your company.

You can also keep an eye on your sales goals as often as you think it is essential, whether that be daily, weekly, or monthly instances.

With online systems like QuickBooks, you can use the information and monitor purchases, review commissions, and track inventory.

All three components are essential to gauge the achievement of the sales of your goods.

Basic Bookkeeping and Things to Remember Companies, organizations, sole proprietors, and LLC businesses must release quarterly reports within 45 days of the quarter’s end. Companies with holdings over $75 million must file more quickly. If you are not there yet, don’t worry for now.

In addition to the three fundamental financial statements (the balance sheet, the income statement, and the record of cash flow), the company must state whether a CPA has audited or analyzed data.

If you use a digital accounting system to do your books, you don’t need to close your notebooks just yet.

You can still run a series of reports to confirm that all the information in the computer accounting system matches what you have on record.

If you don’t know where to start, please schedule a free consultation with Simplified Payroll and Bookkeeping.

You can find out quickly where to start and how to proceed with your bookkeeping.

The next deadline for Estimated Taxes is on January 15th, as well as for Corporate Taxes.

Interested in payroll and bookkeeping services? For more inquiries, you may contact us at  737-931-1413  or email us at  info@SimplifiedPB.com.