Personal Bookkeeping; Is It Necessary?

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Please contact us for more information and free assessment. Our virtual bookkeeping services are tailor made for small and medium businesses. Managing the books is necessary, but it can be time-consuming, frustrating and require a lot of hours.

Our personal bookkeeping services at Arlington Bookkeeping comes with a promise to all individual and business clients that we will optimize all your bill paying and checkbook balancing activities. Coming with the highest professional standards in bookkeeping, we use the best technology and most up to date methods to get the most out of your finances. Although I do not recommend business owners do their own bookkeeping, there are those few individuals that insist on doing their own bookkeeping.

As mentioned, not every business can afford to hire a full-time bookkeeper. A bookkeeper who personally comes to your home or office to conduct all your bookkeeping needs. Managing employees also takes time away from your business. And for anyone going through life changes that bring accompanying organization and paperwork challenges, this may be the support system that gets them back on track. Unless you earn and spend so much money that you couldn’t possibly keep track of your every expense, what you probably need instead is a personal budget. Get in touch with us to set up a consultation, or use the contact form at the bottom of this page to inquire whether our services are right for you.

For this type of person , I do offer training on QuickBooks . QuickBooks is the #1 rated and most popular small business accounting software used today. I am proficient in all versions of QB including QuickBooks Enterprise for larger businesses, and QB even has an online version called QuickBooks Online that is safe, secure, affordable, and highly recommended. There are many benefits from using Quickbooks which I can discuss during my initial free consultation. I also offer QuickBooks software discounts for my clients.

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5) Once you know how much you spend in a given category annually, you can very easily take a monthly average for assembling next year’s budget. 4) You can learn whether or not you are saving enough every year to reach financial freedom (as quickly as you’d like). 3) You can identify areas of spending that you thought were much less than they actually are. 2) You can identify the areas of spending where you have the biggest overspending issues. 1) You actually know if you spent more money than you made in a given time period. This is what determines if you get to invest money for your future, or if your debt hole just got bigger.

Personal Bookkeeping; Is It Necessary?

And as of writing this, I am not getting a fee for saying that. Different industries have different tax codes, and different companies have different bookkeeping needs, so make sure to consult with a CPA or professional bookkeeper before you set up your books. To file your personal taxes, you need to know your income and your tax-deductible expenses.


These companies might be taxed differently than regular businesses, but at the end of the day, they still need business bookkeeping, just like any other business. The Orange County Bookkeeper is a boutique bookkeeping and business advisory firm that provides tailored services to businesses and individuals in Orange County, California. Using the data from the set up and clean up, we can create any number of financial statements that you desire. Examples include profit and loss statements, balance sheets, A/R aging reports, and budgets.

Reconcile bank accounts, credit card statements, and loan accounts against the books to determine discrepancies and fix them accordingly. Hiring a professional virtual bookkeeper can save you time and money. It will make better use of your time while decreasing overhead costs. Above all the task of finding the right bookkeeper is eliminated. Do you feel overwhelmed when dealing with all your complicated personal bookkeeping needs? Are you worried you’re spending too much or aren’t getting enough back?

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They always know how much they have and what they can spend. As we age, it gets more difficult to track and remember every purchase. I provide monthly checkbook balancing and provide reports. Whether your loved one is no longer independent or simply needs extra help to enjoy their lives, Blue Swan can provide daily cash management for Senior Citizens. Working with a remote bookkeeping service will still provide you with all the value you could get from an in-office bookkeeper but at a fraction of the cost. And in a broader sense, all of this information helps you identify things like net results, spending habits, quality income sources, and a host of other stats which enable you to better run your financial life.

It keeps you connected to your financial reality while helping you to set a meet your financial goals and build a life that fits your values. The bookkeeping services you need can be accomplished from anywhere with an internet connection. Don’t let your bookkeeping needs chain you to your desk.

My Personal Bookkeeper Technology Stack

Personal bookkeeping is time consuming and we’re here to do it for you in a way that is most cost-effective. Everyone is susceptible to fraud or incorrect charges, regardless of age. That’s why it’s critical to monitor bank accounts and credit card statements. That’s an added bonus to hiring an elder-care bookkeeper. If anything suspicious arises, I will take immediate action to alert loved ones so accounts can be frozen and charges reversed.

Bookkeeper spent nearly three years embezzling from Fresno County farmer but avoids prison – Fresno Bee

Bookkeeper spent nearly three years embezzling from Fresno County farmer but avoids prison.

Posted: Thu, 30 Mar 2023 07:00:00 GMT [source]

Our personal bookkeeping services include paying bills and balancing checkbooks. This is accomplished electronically via email and online banking and other online services. Tasks such as these can be overwhelming and time-consuming for people who find themselves overscheduled or just unable to perform them. Typical clients are busy people, professionals, time crunched families, small business owners and retirees.

You need it to produce financial statements

When you allow CHVL to serve in the details of your financial life, you can focus on the parts of life you love most, without getting bogged down in the things you don’t. We deal with the details, keeping your personal financial books up-to-date, and attending to the minutiae that need attention. And while every detail is getting our expert attention, we provide you with clear and concise reports that show you what you need to know, giving you peace of mind, so you can live your life to the fullest. For seniors on a fixed income, it’s important to stick to a strict budget. Even if money isn’t an issue, it’s important to make sure loved ones aren’t being exploited and money isn’t going missing.

  • When it comes to building wealth, you know you are on the right track when your portfolio gets to a point where the complexities and complications ofwealth managementtake too much time.
  • Our easy-to-use software makes it easy to stay on top of your business finances, and your personal bookkeeper is always just a message away.
  • After determining your needs, we will streamline the A/R and A/P processes and create rules in your bank feed to expedite your data entry.
  • No expenses related to a workstation, computer, or office supplies when using a virtual bookkeeper.

Should you need such advice, consult a licensed attorney, tax or financial advisor. I really like equating money spending to calorie intake. The reason we have to do the “tedious” work of tracking our finances, is to glean the information we need from the results of this work.

Having a certification isn’t legally necessary but it is a good indication that the person managing your finances has the knowledge needed to manage your daily finances correctly. Determine current and long-term cash flow needs by analyzing income and expenses. Many seniors have multiple sources of income, including social security, pensions, annuities, IRA, 401k, investments, and other retirement accounts. I will set up systems to verify that income is coming in as expected and alert a loved one if there is an issue. Ordinarily simple tasks such as balancing a checkbook, organizing paperwork and paying household bills become increasingly difficult, causing stress and anxiety.

When tax time comes, one of the biggest struggles is gathering all the necessary reports and financial documents. I help organize everything in one place, so there’s no need to search or dig for records. I can help organize monthly bills and ensure they get paid on time, every month. Blue Swan Bookkeeping will ease the demands of the family struggling to balance family and career plus manage their loved one’s daily financial responsibilities. I prepare personal, small business, and corporate tax returns for a fraction of the cost of CPA’s. No expenses related to a workstation, computer, or office supplies when using a virtual bookkeeper.

Walnut Hill, Fla. woman charged with theft, fraud – The Atmore … – Atmore Advance

Walnut Hill, Fla. woman charged with theft, fraud – The Atmore ….

Posted: Wed, 19 Apr 2023 21:30:52 GMT [source]

With an expert gross sales vs net sales as your personal CFO and professional bookkeeper, you’ll gain real-time, 24-hour access to your data via secure remote servers. For example, we’ve helped clients make emotional rent vs buy decisions equipped with accurate scenario planning financials. Imagine claiming back the time wasted during balancing, budgeting, compliance, payroll reporting and other financial drains, to market your company or live a more rewarding personal life. Without consulting a personal bookkeeping service, many small businesses and individuals will never experience the peace of mind and liberation of letting bookkeeping professionals handle those concerns with ease. Cronin, Hanley, Van Zile & Lorenzo, LLC is a boutique accounting and tax firm located in Kinnelon, NJ with over 25 years of experience in our field.

We Provide A Full Range Of Services Including:

With a variety of tools, we can provide the bookkeeping services you need, from wherever you need them. Busy professionals with limited time to manage their personal or household finances. Blue Swan helps small businesses and seniors with bookkeeping and financial organization. Services are affordable for everyone, no matter how small you are. There’s a reason why seniors are persistent about balancing their checkbooks.

This post is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Bench assumes no liability for actions taken in reliance upon the information contained herein. Online bookkeeping and tax filing powered by real humans.

The software platform securely accesses your bank account information and credit cards through a login verification. A secure connection is made between your bank and the software. This type of connection is the industry standard for online banking and accounting. I started tracking all my income and expenses, and figuring out if the business of me was a “winner” or “loser.” As it turned out, my business was seriously underperforming. If you want a bank or investor to give you money, be prepared to show them a set of properly prepared financial statements.

At the end of the day these professionals are responsible for managing the livelihood of your business or personal finances; essentially your cash flow. Headquartered in San Clemente, The Orange County Bookkeeper assists growth-oriented businesses and individuals in Orange County, California. Our firm specializes in all bookkeeping and accounting services — from set up and clean up of books to bank reconciliation and financial statement preparation.

Sign up for our mailing list for occasional updates about services and opportunites. Start with an initial 6-month program, then move to ongoing monthly or quarterly check-ins to help you through all the changes that we go through in our lives and finances. Enter bills to be paid, cut checks, maintain recurring payment lists, and more. SimplyHired may be compensated by these employers, helping keep SimplyHired free for job seekers.

This week on Inside the Skev, we are joined by Jackie Melinger, co-owner of Home Instead in Skokie and My Personal Bookkeeper. The two businesses go hand-in-hand, as they provide critical support services for the senior communities of the North Shore and are located in Skokie. Personal Bookkeeping Services common email format is , being used 67.2% of the time.

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And they’re impossible to assemble without accurate bookkeeping. QuickBooks Online allows for the customization of invoices and integration of thousands of apps. After determining your needs, we will streamline the A/R and A/P processes and create rules in your bank feed to expedite your data entry. Personal Bookkeeping Services also uses first (ex. ) and first + last (ex. ) as email structures.

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