Bookkeeping Service Katy, TX

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Small Business Bookkeeping service Katy, TX.

We help you cut through the clutter and complexities by translating the day-to-day business affairs into an easy-to-understand financial information. FAS delivers financial information monthly to help you better manage your business, whether by increasing revenues, cutting costs, getting access to capital, or complying with tax regulations. 

With FAS team by your side, you have financial visibility and understanding through:

  • Meaningful monthly financial information (profit & loss, balance sheet)
  • Insightful financial analysis
  • Monitoring actual performance against KPIs & industry benchmarks
  • Detailed, understandable cash flow analysis (sources, uses of cash)
  • Customized management reporting (break-even, pricing, cost efficiency, profit analysis)

Is Bookkeeping the same as Accounting?

It’s a common misconception, but bookkeeping and accounting are two entirely different functions. Let’s break it down:

Bookkeeping is the recording of your business’s financial transactions. It involves journal entries, posting to ledgers, and classifying expenses. Bookkeeping also involves reconciling your bank account. Accounting is the process of analyzing and communicating the financial information recorded by a bookkeeper. Accountants prepare reports and use them to help make decisions about your business.

Accountants rely on good bookkeeping in order to help you analyze your financial health. Accountants are not responsible for recording transactions—that’s what bookkeepers do!

What is Full Charge Bookkeeping?

Full charge bookkeeping is a great option for small business owners who want to outsource their accounting and bookkeeping tasks.

When you hire a full charge bookkeeper, they’ll manage all your accounts, including accounts payable and receivable. They’ll also handle payroll, invoicing, financial statements, and other day-to-day accounting duties.

But full charge bookkeepers aren’t just data entry operators—they’re skilled in analyzing financial data to create accurate reports so you can make informed decisions about your business. In fact, many are QuickBooks ProAdvisors, which means they have the skills to help analyze and improve your finances from a bookkeeping perspective.

When to hire a Bookkeeper for your Small Business?

You’re a small business owner. You’ve got a million things going on, and you’re working 24/7 just to get it all done. You’re the marketing department, the HR department, the sales team… and that’s just on Mondays! It’s a lot, but it’s worth it because you love what you do.

The only problem is that sometimes—okay, often—you fall behind on tracking expenses. Or maybe your bookkeeping skills are pretty good, but you hate having to spend time fiddling with invoices when you should be out making sales calls or closing deals.

If that sounds all too familiar, we’ve got some news for you: It might be time to hire a bookkeeper for your small business. Here’s how to tell if that’s the case for your company.

Top 3 qualities of a good Bookkeeper

While small business owners everywhere can benefit from a skilled bookkeeper, knowing what to look out for is important. If you’re hiring a bookkeeper, you want someone who can do at least three things.

They need to file your taxes correctly, keep an accurate record of your business’ revenues and expenditures, and balance the book correctly. This is more than just bookkeeping; these three tasks are essential to running a healthy business. But if you hire an unqualified person for this job, you can risk getting burned by paying late taxes or spending too much money on supplies.

And that’s why it’s so important for any small business owner to be able to spot an untrustworthy bookkeeper from a mile away. With that in mind, here are three top qualities of a good bookkeeper that small business owners must look out for…

Reasons why you need Bookkeeping Service for your Small Business.

Bookkeeping Services are crucial to a business’s health. Many small business owners often ignore this aspect of the business. The reality is that by leaving the process to professional bookkeepers, you allow yourself to focus on growing your business while keeping your records in good order. Professional bookkeeping services can increase your efficiency and save you time, energy, and money. Here’s why you need bookkeeping for your small business.

Bookkeeping problems and solutions.

Have you ever been stressed out or confused about your bookkeeping? We bet you have. Bookkeeping is one of those things that are not just complicated and annoying, but also incredibly important. It’s how you keep track of your income, expenses, and budget, so it’s crucial to do it right.

The good news is, there are some common mistakes that get made when people are first getting started with their bookkeeping process, and we’ve got the solutions for you!

Check out one of our bookkeeping tips video collection. See our YouTube Channel for more!

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