Bookkeeping
Make informed business decisions with financial clarity while saving time and ensuring accurate records.
Did you know that the IRS requires all businesses to file a 1099 for any independent contractor paid more than $600 per year? Did you also know that the IRS requires all meal & entertainment receipts to be accompanied by a cover sheet stating the attendees, purpose, and business outcome of the meeting/event? Taking time to ensure that these small details have been handled can be a burdensome task and is one that many business owners overlook.
Having a clear understanding of the financial health of your business is crucial, and without clear books, many business owners are unable to make informed financial decisions for the future growth of their organization. OpSuite maintains and reconciles your records both weekly and monthly, so you can always have your finger on the pulse of your business finances.
Weekly & Monthly Reconciliation Include:
Data Entry from Bank Accounts & Credit Credit Cards to Accounting Ledger
Reconciliations between Bank & Credit Card Accounts
Receipt Management & Reconciliation
Cash Receipts Journal Documentation for All Monthly Closed Transactions, Transaction Fees, Brokerage Fees, and Cost of Sale
Payment Tracking for 1099 Independent Contractors
Monthly Digital Folders Delivered With:
PDF Scan of All Checks Written from Business Accounts
PDF Scan of All Deposits into Business Accounts
PDF Scan of All Receipts with Cover Sheet for Meal & Entertainment Purchases
PDF Scan of All Bank & Credit Card Statements
Monthly Spreadsheets Per Bank Account
OpSuite offers bookkeeping services based upon experience and does not hold a CPA license. All services are limited to financial record-keeping and general accounting. For specific tax, audit, or financial advice, please consult a licensed CPA or qualified financial professional.
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We are responsible for maintaining accurate financial records, recording transactions, reconciling accounts, and producing financial statements. Essentially, we help businesses keep track of your business financial health.
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Yes! Bookkeepers and accountants serve different but complementary roles. Bookkeepers handle day-to-day financial transactions and record-keeping, while accountants provide higher-level financial analysis, tax planning, and strategy. Having both can ensure a well-rounded financial management team.
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It's advisable to update your financial records regularly, such as weekly or monthly, to maintain accuracy and make informed financial decisions. Waiting too long can lead to errors and difficulties in tracking expenses and income.
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We help you maintain organized financial records, making it easier for your accountant to prepare tax returns accurately.