Bookkeeping
Bookkeeping Services
Regardless of your industry, bookkeeping is crucial to your business’s success. Proper bookkeeping effects nearly every aspect of a company, from managing cash flows, to financial reporting, to paying taxes, to curating the data used to make strategic decisions. Without a strong foundation in bookkeeping you are flying your business blind – the implications of which can prove disastrous.
At My OC Bookkeeper we provide a wide range of bookkeeping services tailored specifically to the unique needs of each of our clients. We work with large and small companies across industries with diverse needs. In some cases, a couple of hours of work each month will do, in others daily assistance may be needed; in some cases, just reconciling the books is enough, in others we function as a full-fledged finance department. Regardless of the details of the arrangement, we provide accurate, timely, and well-organized books that will enable your business to thrive.
We work with companies throughout Orange County – from Irvine to Mission Viejo and Laguna Beach – and our typical bookkeeping services include: Monthly Bookkeeping, Accounts Payable & Receivable, Payroll, Accounting Software Setup and Training (QuickBooks, Sage, and Xero), and Cleaning Up Old Books. Read on to learn more.
Monthly Bookkeeping
Managing businesses monthly bookkeeping needs is our bread and butter. We handle the reconciliations and transaction categorizations so that your data will remain accurate and up to date. Having updated financial information enables you to do everything from paying taxes on time (and without penalties), to reviewing financial statements (the balance sheet, income statement, and statement of cash flows), to being able to find out which vendors you have paid or which customers have paid you. Without accurate financial records your are flying blind. Don’t fly blind, it’s not a good idea. Let us handle your monthly bookkeeping needs so you can handle everything else.
Cleaning Up Old Books
Have you been really busy and fallen behind on your books? Or, perhaps you’re not confident in the work your previous bookkeeper did? Or maybe you’ve lost all of your data and need to create your books from complete scratch. Whatever the case is, we are here to help. Cleaning up old books is one of our specialties. We can come in and create order out of chaos. We’ll get all of your bookkeeping data into your software and enable you to analyze your financials, pay taxes, or do whatever it is that you need to do. Don’t fall even further behind, reach out to us today!
Accounts Payable & Receivable
Accounts payable is the recording and management of bills sent to you by vendors, and accounts receivable is the recording and management of invoices you send to customers. Properly managing AP and AR ensures that you pay your bills on time and get paid on time. We can just record your bills and invoices and let you handle the payments, or we can manage the entire process soup to nuts. (Want to learn a bit more? Check out our introduction to accounts payable and introduction to accounts receivable.)
QuickBooks, Sage, & Xero
Accounting software (also known as bookkeeping software) is used to manage your bookkeeping data and create useful financial reports. Modern software is far more efficient than maintaining books using Excel or a pen and giant book. (We really hope you don’t still do the latter.) QuickBooks, Sage, and Xero are the most popular types of accounting software on the market, and we are experts in all three. We can help you with your initial setup, provide training, or manage your day to day using the software. So, if you need help with QuickBooks, Sage, or Xero , give us a call! (For some quick tips check out our post on the 5 best apps for QBO.)
Payroll
Managing payroll involves interfacing with your payroll provider to ensure your employees get paid the proper amounts at the proper times, that both the employer and employee tax obligations are met, and that the data is properly entered into your accounting software. Whether you use ADP, Gusto, PayChex, Intuit, or any other provider, we can manage this for you in an efficient, effective, and timely manner. Needless to say, getting payroll done properly is an important part of any business. We’ll help you make sure it’s done right.
An outsourced bookkeeper is a professional bookkeeping firm (or individual) that provides bookkeeping services to a company but is not considered a regular internal employee but rather they are an outside service provider. This is a practice that has been going on for many years and is quite common.
There are many reasons why hiring outside bookkeepers is so popular. For one, a lot of businesses don’t have enough work to motivate hiring internal staff. Rather than incurring the substantial costs associated with adding employees (either full or part time), they pass the work to an outside service provider, thereby saving both time and money.
Another reason is the simple fact that a lot of business owners don’t have expertise in the realm of bookkeeping and attempting to do the work internally is can be inefficient, ineffective, and risky.
Yet another reason are the unique benefits which outside firms can provide – they can increase or decrease their workload depending on your needs, they are experts in a wide variety of tasks (My OC Bookkeeper, for example, can do everything from basic bookkeeping to advanced financial modeling), and they are a longer term solution than employees who often leave for personal or professional reasons.
These are just a few reasons. If you want to know some more just reach out to us and let’s chat.
Not much. Outside bookkeepers, virtual bookkeepers and online bookkeepers all do the same thing: serve as outside service providers who manage the books for their clients. To refer to a bookkeeper as remote or online just serves to emphasize that they usually do not work in their client’s offices. At My OC Bookkeeper we consider ourselves all of these things, but in some cases do go into our client’s offices as needed.
Take a look at our resource center. We’ve got great blog posts, videos, explanations of common accounting terms and useful links to help you on your business journey. Accounting, bookkeeping, and all things related to the finance department are our passion, and we love teaching others.
Side note: is there something in particular that you would like to learn about but can’t find anything in our resources? Let us know and we’ll write about it.
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