How to Choose the appropriate Accounting and Bookkeeping Services ?

by QuickBooks Services Intuit QuickBooks Services

It is often very confusing for a small business owner, when they bid to hire an Accounting and Bookkeeping service provider like QBOffers, as to what is their exact requirement, accounting or bookkeeping ? We would like to throw some points on this, so that you do not falter anyway, in taking a correct decision. Let us first of all discuss the major differences between an accounting and a bookkeeping function.

Differences between the Bookkeeper and the Accountant

A bookkeeper is a person, who simply keeps the books of accounts as well as maintains all the related transactions. This is a person who enters the organization, as an entry-level bookkeeper / clerk. On the other hand the accountant is a person who performs such tasks like business analysis, advisory work and reporting activities. A bookkeeper actually establishes a link between the business owner and the accountant.

Factors to consider for choosing an Accounting and Bookkeeping services ?

Whether a small business owner will go for an Accounting or a Bookkeeping Services is dependent on various factors. The typical parameters under consideration, for choosing the service are nature of the industry, number of employees, and whether there is a large inventory that is maintained, and information on the fixed assets. The best option is to go for a bookkeeper and an CPA service provider. The CPA will provide information on the ins and outs of the financial management system. It is the bookkeeping services that will draw your attention towards the higher level quickbooks accounting services. Hiring a bookkeeper is a great way to save your business expenses, but this occasionally need the accounting services like that offered by a CPA. The personality traits under consideration, for an accountant and bookkeeper is a clear understanding of the concepts, and with good personality. The best option is to choose a service provider like QBOffers, who will be providing you the bookkeeping services and also get advised on the accounting side.

What are services rendered under Accounting and Bookkeeping ?

The bookkeeping services takes off your mind from the routine activities and allow you do what you are best at doing, running your business. The accounting services will actually help you to expedite your decision-making process. It is possible to render this service from remote locations.

The bookkeeping services that provided are:

Accounts payable and accounts receivable
Preparation of tax and tax returns
Auditing the bookkeeping process
Reconciliation of bank and credit card statements
Reconciliation of Payroll transactions

The accounting services provided are:

Accounting Set Up Services
Financial Analysis (Ratio Analysis, P/V Ratio, NPV)
Cash flow statements
Preparing Financial Statements such as Income statements( Profit and Loss)
Invoice Processing Services
Balance sheet and trial balance
Accounts Reconciliation Services

Outsourcing of the Accounting and Bookkeeping services from QBOffers yields better results, for today’s business. Obviously, there are many advantages such as cost-savings, saves time, services are provided, far away from the busy office location, accessing the costly software and finally, scalability factors, with the ability to contract or expand the services, as and when required. For more information please visit here.