Bookkeeping that is ready when you need it
Clean books are the foundation of an accurate return and the first thing the IRS asks for. They also tell you whether your business is actually making money.
Jerome records and categorizes your income and expenses, reconciles your bank and credit card accounts, and produces a profit and loss statement and balance sheet monthly or quarterly. Behind on your books? Catch-up bookkeeping brings prior months current so your return can be filed.
Services
- Monthly or quarterly bookkeeping
- Bank and credit card reconciliations
- Profit and loss statements and balance sheets
- Catch-up and cleanup bookkeeping
- QuickBooks Online set-up and review
- Chart of accounts built for tax time
- Cash flow reviews
- Records the IRS expects to see
Why it matters at tax time
Think of your books as the foundation and your tax return as the house. You can build a nice-looking house on a bad foundation, but it will not pass inspection. Good records let you claim every deduction you are entitled to, and defend them if the IRS ever asks.
Bookkeeping pairs naturally with quarterly filings and business tax returns.
Cash flow, in plain English
Jerome has taught small business owners cash flow analysis for years. The short version: if you spend everything that comes in, tax time will hurt. Your monthly statements show what to set aside for taxes, so the April check is a non-event.
Common questions
How far behind can my books be?
There is no limit to catching up. Jerome starts with your bank statements and works forward until your books are current, then keeps them that way.
Do I have to use QuickBooks?
No, but cloud accounting software makes bookkeeping faster and lets Jerome work remotely. If you already use something else, he will work with it.
Is bookkeeping the same as accounting?
Bookkeeping records the transactions. Accounting interprets them: financial statements, cash flow and tax decisions. Jerome provides both for small businesses. (He does not issue audited financial statements, which require a CPA firm.)
It's always tax time. Let's get ahead of it.
Tell me what is going on with your taxes or your business. A short call is usually enough to know the next step.