Bookkeeping Services, Small Business Accounting, Bookkeeper- New York, NY

Small business accountants have the knowledge to not only guide you through hidden deductions and pesky forms, they will also provide solid advice about planning and projections. We offer a COMPLETE set of bookkeeping services — from initial setup, to payment reconciliation, inventory tracking, invoicing, reporting, and everything else in between. We utilize the latest in bookkeeping software, and handle everything remotely online. Jason Ding is a seasoned accountant with over 15 years of progressive experience in senior finance and accounting across multiple industries. Jason holds a BBA from Simon Fraser University and is a designated CPA.

• If your small business doesn’t include piles of paperwork and boxes full of receipts, you may want to consider handling your accounting yourself.
• We view every client relationship as a partnership and truly believe that our success derives from your success.
• However, if you want more advanced reporting and a more robust mobile experience, you’re better off looking at other solutions on this list.
• Because every client and their needs vary so widely, we provide flexible, unique pricing for every client.
• Our team knows how to serve your business’s unique bookkeeping needs, and they do it very well.
• Individuals who are successful bookkeeping professionals are highly organized, can balance ledgers accurately, have an eye for detail and are excellent communicators.

List your practice in the advisor directory

Accounting examines the broader picture of a business’s finances, performing such functions as tax preparation and filing, applying for loans and helping to create a business plan. Bookkeeping focuses more on the daily financial operations of an organization, which includes recording transactions, reconciling statements and managing payroll. The best accounting software programs all provide similar features, so when considering which one is best for your business, you need to consider which features are the most important to your situation. This will help you decide which accounting software meets your needs best. Other features you may want to consider include whether the software has a mobile app, how good its customer service is and how well it does with accounts receivable (A/R) and financial reporting. Owning and operating a business is both an exciting and challenging new adventure.

Merritt Bookkeeping

Jason’s firm, Notion CPA, is an accounting firm with a business-first focus. The firm specializes in preparing personal and corporate taxation while providing fractional CFO work and leading the accounting Accounting Periods and Methods and finance function for several small-to-medium-sized businesses. In his free time, you’ll find Jason on the basketball court, travelling, and spending quality time with family. Bench is a popular small business choice because it’s an affordable bookkeeping service with an intuitive, easy-to-use platform. Bench gives you at-a-glance visual reports, which provide you with actionable insight that’ll help grow your small business.

What to Expect From Online Bookkeeping Services

Let us help you turn small business bookkeeper near me messy finances into clear, actionable insights—so you can focus on what matters most. Bookkeeper is one of the pricier business bookkeeping services on our list, but it comes with many possible add-on services. If you’re looking for a bookkeeping solution you can stick with for the long run, Bookkeeper has most bookkeeping features you could possibly want as an add-on.

• When you become our client, we’ll become a valuable resource for clear and accurate financial information that will contribute to the success of your business.
• The general ledger notates the account number to which the debit or credit is applied.
• Bookkeepers will usually prepare relevant records and tax documents, and then forward this information to an accountant, who will then prepare the actual tax return.
• This will help you decide which accounting software meets your needs best.
• Every online bookkeeping service will offer a mixture of different features ranging from basic to advanced.

Forbes Advisor has put together this guide to help you understand the basics of small business bookkeeping. Our bookkeepers collectively have 100+ years of experience in more than 200 industries, supporting thousands of small business owners. Our team knows how to serve your business’s unique bookkeeping needs, and they do it very well. We make sure your accounting records are complete, accurate, and ‘audit proof.’  We deliver financial and management reports that are crisp, clean, and easy to understand. We support you in profiting from more profound insights about your business performance and plans; we translate numbers into knowledge. A small business can likely do all its own bookkeeping using accounting software.

• We utilize the latest in bookkeeping software, and handle everything remotely online.
• Bookkeeping focuses on recording and organizing financial data, including tasks such as invoicing, billing, payroll and reconciling transactions.
• Generally speaking, bookkeepers help collect and organize data and may have certain certifications to do so for your business.
• We tell the story behind the numbers and provide concise and accurate financial information that allows you to make timely data-driven business decisions.
• A bookkeeper’s main responsibility is maintaining accurate financial records.
• At its core, bookkeeping is about recording financial data, while accounting is about interpreting financial data.

As a result, a suite of features from one service will appeal more to very small businesses, while an entirely other set of features from another service might appeal to larger small businesses. Every financial transaction should have a line item in the general ledger, which tracks everything in one place. The general ledger notates the account number to which the debit or credit is applied. The best accounting software automates a lot of the process in journal entries for regular debits and credits to help eliminate possible errors in data entry.