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.
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
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.
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.