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Preparing For Your Initial Meeting With A Bookkeeper

Your small business requires bookkeeping services in order to stay afloat, as they help to manage company finances. Once you select a bookkeeper to meet with and schedule an appointment, it is important that you gather all the necessary paperwork to ensure that the bookkeeper is able to accurately and thoroughly process your information. Here is what you need to know about the initial meeting with a bookkeeping service.

What You Need to Bring to That First Meeting

To the first meeting, you need to take any financial paperwork related to your business that shows money going in and out of the business accounts, such as bank accounts, credit cards, loans, and/or lines of credit. Bank statements, credit card statements, and even cancelled checks are able to provide necessary information for the bookkeeper.

If you have any information that can offer legitimate information regarding business expenses that were using a personal debit/credit card or even cash, make sure to bring that as well. This may be in the form of a bank statement, credit card statement, or receipt. You should also take the last five years' worth of tax returns so that your bookkeeper is able to thoroughly assess and understand your financial situation and recommend the appropriate tax services moving forward.

How This Information Is Used by the Bookkeeper

Your company's financial documents will be used by the bookkeeping services in an effort to keep track of company sales, purchases, and payments. The bookkeeper will organize the documents and record the information in an accounting software of choice, such as QuickBooks, which will allow them to quickly and easily process the business's financial data. As soon as the bookkeeper has access to your information and is able to analyze it, they will be able to provide you with advice on any potential issues that may impact your business in the foreseeable future, such as problems with company cash flow or a late payment on an invoice.

In order to keep your company running smoothly and efficiently, it is important that you keep your finances in order. However, as the owner of a business, there are so many things that you have to do that maintaining the books may not be something you have the time or even the knowledge to do. When this is the case, you may want to consider contacting a bookkeeping service in your area for professional assistance.