Monthly bookkeeping means your accountant updates your financial records every month and checks them against your bank and credit card statements. When your accountant does it well, your numbers never fall months behind and you always know where your business stands.
Every firm includes something different, so it helps to know what to ask for. At DBA, monthly bookkeeping covers the work below.
Current books in QuickBooks Online
We record every transaction in QuickBooks Online and categorize your income and expenses as they come in. We capture receipts along the way, so you aren't hunting for paperwork when tax season arrives.
Monthly reconciliations
Each month we match the transactions in your books to your bank and credit card statements. This step catches missing deposits and duplicate charges before they grow into bigger problems — books that no one reconciles can look complete and still be wrong.
Financial statements with a walkthrough
You receive your financial statements each month, showing how money moved in and out of your business and what remains at the end. We also send a short video walkthrough so you understand what the numbers mean for you, not just what they are.
Payroll for payroll clients
For clients who use our payroll service, we handle wages, direct deposit, pay stubs and tax withholding each pay period so you pay your team correctly and on time.
What bookkeeping doesn't cover on its own
Bookkeeping keeps your records accurate, but it isn't the same as tax planning or financial strategy. Many owners assume their bookkeeper is watching for tax savings, when in practice no one has that job. At DBA, your Client Controller and Client CFO build on the clean books your Client Service Manager keeps.
Questions to ask any bookkeeper
- Do you reconcile every bank and credit card account each month?
- When will I get my financial statements, and will someone explain them?
- Who do I call with a question, and how quickly will they respond?
- Who is keeping an eye on my taxes and cash flow?
If you'd like to see what current, accurate books would look like for your business, request a free business analysis.
