the what, who, where, when, why, and how of book-keeping
What:
Bookkeeping is the recording of all business related transactions, then reconciling with accounts (bank, credit card, loans, etc.) followed by the creation of reports (Balance Sheet, Income Statement, Statement of Cash Flow, and other custom report(s) to meet the clients’ needs).
Who:
Bookkeeping may be done by the business owner, an employee of the business, a friend or relative of the business owner, or an outside bookkeeper.
Where:
Bookkeeping can be done anywhere if a cloud platform such as QuickBooks is used.
When:
Bookkeeping is done as transaction data becomes available, usually daily or weekly. The reports are created at client’s preference: monthly, quarterly, or yearly.
Why:
Bookkeeping is done as part of meeting obligations to the IRS.
Bookkeeping is done for making business decisions.
Bookkeeping is done to provide information for obtaining loans or investments.
How:
Bookkeeping is done by entering the business’s transactions into the books, generally held on an accounting platform such as QuickBooks, then by reconciling the books with the appropriate statements (bank, credit card, vendors, etc.). Finally reports are extracted from the recorded transactions.
it's all about
the metrics
Whether you run a bookkeeping platform yourself, or have a bookkeeper handle it, you’ll be able to make better informed decisions about your business.
And I can help you either way.
You can off-load all of the bookkeeping work to me, or I can help you get organized for doing the books yourself.
A Little Bit
About Me:
I ‘m a semi-retired aerospace engineer. I was a contractor, going to whichever company had the big project. My last gig was at JPL, working on the Mars Rover Curiosity. After that, I started looking for a new challenge.
I recognized that entrepreneurs and small business owners are a “special breed”. That drew me to work with them as a bookkeeper.
Working with numbers and organizing them is second nature to me from my engineering experience. And the idea of helping others in an entrepreneurial setting really appeals to me. I was often ahead of schedule, providing accurate numbers and presenting them to others as an engineer and I can do the same for your books.
