Monthly Bookkeeping Services for Small Businesses

Spend more time maximizing profits and less time working on your books

Transaction Recording

Income Statement Preparation

Balance Sheet Preparation

Payroll Assistance

Small Business Tax Assistance

Customized Bookkeeping Services for Your Small Business

Your business is unique and so are your bookkeeping needs. 1-800 Bookkeeping understands that you only want to pay for what you need, and that’s why we offer flexible bookkeeping services to meet your unique requirements.

Bookkeeping Made Easy

Dedicated U.S. Bookkeepers

Good bookkeepers are hard to find. Our bookkeepers are thoroughly vetted and tested for communication skills, experience, QuickBooks acumen, and accounting expertise. They also must pass an in-house skills test to ensure competency no matter how great their resume is on paper.

Document Management & Record Keeping

1-800 Bookkeeping provides you with a paperless filing cabinet that’s arranged for easy access and navigation. Review all of your documents and get up-to-date status on your financial health so you can make informed business decisions with confidence in a matter of minutes.

Encrypted Security

We protect your virtual accounting department with best in class data security that are built to withstand the most sophisticated cyber attacks and natural disasters.

Vendor Management & Bill-Pay

We will help you to streamline the bill payment process, keep a strict audit trail so we can determine who paid what and when, and manage your vendor inquiries. Get vendor profile updates, W9 monitoring, vendor bill entry, and unpaid bills reporting.

Billing Services

Many small business owners are busy with operations and neglect their billing. This can lead to cash flow problems which affect the growth and stability of your business. We structure and manage the timely billing of time or services so you have more predictable cash flow.

Performance Based Reporting

Smart decisions are made by business owners that watch their trends and make decisions based on accurate data. 1-800 Bookkeeping sends you custom financial reports that are available on demand.

See What Our Clients are Saying

Mark Shafer

Single Member LLC Owner @ Househackr

1-800 Bookkeeping has kept my business finances good-to-go for my accountant each year. No more wondering on my part, they have an open line of communication with my accountant which is priceless!

Cassius Thompson

CEO @ Tires by Clay

Getting a monthly report of my profit and loss has kept my thoughts clear to operate my business and make better financial decisions. It was a no brainer for me, after my accounts were synced up and on auto pilot, bookkeeping wasn’t a burden any longer.

David Cohen

Sole Proprietor @ Barkbus

Owning a small business keeps me very busy. Having professionals handle my bookkeeping has been extremely helpful and allows me to focus on what I do best, spend time growing my business! Delegating duties has always been a challenge of mine, I’m glad I hired 1-800 Bookkeeping to get my finance right and my books tax ready.

Small Business Bookkeeping Services FAQs

What is bookkeeping?

Bookkeeping is the systematic recording, organizing, and tracking of financial transactions for a business or individual. It involves maintaining accurate records of income, expenses, assets, liabilities, and equity.

Why is bookkeeping important for my business?

Bookkeeping is crucial for several reasons:

It helps monitor and manage your business’s financial health.
It enables you to track income, expenses, and cash flow.
Accurate records are essential for tax compliance and reporting.
It provides insights for making informed financial decisions.

How can a professional bookkeeping service benefit my business?

Hiring a professional bookkeeping service offers several advantages:

Expertise: Professional bookkeepers have the knowledge and skills to ensure accurate and compliant financial records.
Time savings: Outsourcing bookkeeping tasks allows you to focus on core business activities.
Error reduction: Professionals minimize the risk of mistakes or omissions in financial records.

Financial insights: They can provide valuable reports and analysis to help you make informed decisions

What bookkeeping tasks do service providers handle?

A bookkeeping service can handle various tasks, including:

Recording and categorizing transactions
Bank and credit card reconciliations
Accounts payable and receivable management
Payroll processing
Financial statement preparation
Tax preparation assistance

How do I choose the right bookkeeping service for my business?

When selecting a bookkeeping service, consider the following:

Experience and qualifications
Range of services offered
Industry expertise
Client testimonials or reviews
Data security measures

How often should I update my books?

It’s best to update your books regularly, preferably on a monthly basis. This ensures accurate and up-to-date financial records. However, the frequency may vary depending on the size and complexity of your business

Why shouldn’t I just do my own bookkeeping?

While some individuals may handle their own bookkeeping, it can be time-consuming and complex. Hiring a professional bookkeeper ensures accuracy, compliance, and frees up your time to focus on core business tasks.

Is bookkeeping different from accounting?

Yes, bookkeeping and accounting are related but distinct. Bookkeeping focuses on recording and organizing financial transactions, while accounting involves interpreting and analyzing financial data, preparing financial statements, and providing insights for decision-making.

What documents and information do I need to provide to my bookkeeping service provider?

Typical documents include bank statements, receipts, invoices, payroll records, and any other relevant financial documents. The service provider will specify the exact requirements based on your business’s needs.

How much do bookkeeping services cost?

The cost of bookkeeping services varies depending on factors such as the complexity of your business, the volume of transactions, the range of services required, and the service provider. It’s best to request a customized quote based on your specific needs.