Professional bookkeeping services should be a top priority when you own a business. There’s nothing worse than an unorganized business that will lose money because of improper bookkeeping.
Ensure that you have your personal and business finances organized with the help of Tax Network USA Professional Bookkeepers.
What are Professional Bookkeeping Services?
If you use a Professional Bookkeeping Service, they will be responsible for keeping and maintaining records, tracking financial transactions, preparing financial statements, and updating balance sheets along with income statements.
A bookkeeper would also make sure employees are filing invoices and expenses correctly. They are responsible for handling payroll, too.
Should I use a Professional Bookkeeping Service?
If you own a business or have assets that you would like to keep track of, a Professional Bookkeeper is a great investment.
If you have a bookkeeper handle recording invoices, receipts, and other transactions, they have a good handle of your overall income, expenses and spending habits. Healthy finances will be a priority for the bookkeeper, and it is their job to help you achieve and maintain that. With someone monitoring your books, they will notice any issues with your business or personal finances and help get it resolved as needed.
How do I find a Professional Bookkeeping Service?
Virtual bookkeeping services through Tax Network USA will assist in all your bookkeeping needs.
Call us at 1(855) 225-1040 or fill out our contact form and Tax Network USA will contact you ASAP for help with your all your bookkeeping needs.
What services do Professional Bookkeepers provide?
At Tax Network USA, our bookkeeping services provide help with the following:
- Record financial transactions
- Reconciliation of bank accounts and credit cards
- Manage bank feeds
- Handle accounts receivable
- Handle accounts payable
- Prepare tax returns and assist with tax compliance
- Prepare financial statements
- Payroll and Human Resources
- Technology and process streamlining
Professional Bookkeeping Services Frequently Asked Questions
Before hiring a professional bookkeeper, you may have some questions first. Below are answers to frequently asked questions when it comes to bookkeeping.
If you don’t see an answer to your question, call Tax Network USA at 1(855) 225-1040 or fill out our contact form and we will assist you in answering your specific questions.
Does IRS require for my books to be kept correctly?
If you’re in business, there’s not a required method of bookkeeping you must use. However, if you are self employed and are requesting a settlement with the IRS/State, they will require you to provide an up to date and accurate profit and loss statement.
How long should I keep my records?
It is suggested by the IRS to keep your records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. You should keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.
How are bookkeeping fees calculated?
The traditional and most common method of charging for bookkeeping and accounting services is using an hourly rate. Tax Network USA commonly bills at a flat rate to make the process more cost effective for our clients.
Can other people access my data?
No one can have access to your data without your company’s express permission, this includes your CPA, advisors, and specific employees. We can also set up restrictions so that certain functions can be limited to those you do allow access.
Should I be concerned about security with my financial data?
YES, and so are we. We take security very seriously and are constantly looking at our systems. We utilize 128-bit SSL encryption enabling clients to verify authenticity and to securely communicate with our servers. To get your data file there are 2 levels of restrictions and passwords that must be successfully entered.
If you need Professional Bookkeeping Services, look no further, call Tax Network USA.