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Professional Bookkeeping & Accounting Solutions
Splendid Bookkeeping Services
About Us
Spendid Bookkeeping Services are for distinguished professionals who are looking for supportive accounting services that fit all of their needs. We provide comprehensive services that take the stress out of your practice. Our high degree of specialization ensures that both the advice and services clients receive are specific to their needs.
Why you need a professional bookkeeper to do your book?
For example, to claim deductions, you’ll need to keep accurate records and keep up with your bookkeeping. If you don’t have the knowledge and a good DIY setup then you have come to the right place. I’ll do your bookkeeping for you. If you’re a new business owner—or, thinking about starting a business—you may not realize that there are rules and regulations about how to keep your financial records. My experience and my training will make your business a success. If you are looking for a professional and personal bookkeeper that you can trust to be your partner as a business owner don't hesitate to contact me.
What can a Certified Bookkeeper do for your company? Here is the link to the answer: AIPB websit
Cash basis accounting or accrual basis accounting?
My services are cash-basis or accrual-basis financials. Both of them have its pros and cons. Not all the bookkeepers know how to do accrual basis accounting. While the accounting system and financial reporting method you choose for your small business is ultimately a management decision, it also depends on your business goals, the resources you have available, and your organization’s financial requirements.
Unless your company makes more than $25 million in gross annual sales, you’re free to adopt whichever method makes more sense for you.
However, keep in mind that the IRS requires companies to use and maintain the same accounting method to report taxable income for a year — so no changing halfway through the tax year.
What is GAAP?
Currently, only public business companies are required to abide by GAAP. GAAP is the American standard for financial reporting. The rules cover a wide range of principles and philosophies. However, if you’re a small business owner who hopes to one day take your company public, you’ll want to start abiding by GAAP standards. So even if you own a non-profit or private company, practicing GAAP is in your best interest. GAAP does not recognize cash basis as an accepted accounting practice.
Benefits of Bookkeeping Services from a Virtual Assistant?
- Pay only for the work needed – The virtual bookkeeping assistant can come in handy when you have only a couple of tasks to be done, when you need them done.
- Cost-effective solution – Save money by not having to spend on office space and supplies (computer, furniture, utilities, etc.), employee benefits, and other things that come with full or part-time employees.
- More time for you – Outsourcing accounting services can save you hours crunching numbers on your desk. Think of all the things that you would have time to focus on! You would have more time with your family and more time investing in your business.
- Be updated on payments – You can also give your bookkeeper VA access to take care of your invoices on creditors and suppliers. He or she can also check the effective balances of your accounts online to help with the flow of the business.
- Organize income sources – In a growing business, it’s ideal to maintain each of your client’s account as its own profit center so you can measure their individual performance. But organizing each of these accounts can be cumbersome. An efficient VA is well-versed with one or two small business accounting software that can track all transactions.
- Keep track of the flow of money – One of the top benefits of outsourcing bookkeeping is that you get to keep a clean and orderly record book. Tracking receipts, noting accounts payable and receivables, taking care of quarterly tax returns are just a few of the things a bookkeeper is responsible for.
Contact Us
Contact Us
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We love our customers, so feel free to contact us during normal business hours.
Professional Bookkeeping & Accounting Solutions
Hours
Open today | 09:00 am – 05:00 pm |
Free Consultation
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