How to do Accounting for Small Business Services: SBSGreenville

Accounting for small businesses is completed by keeping an entire record of all the income and expenses and accurately extracting financial information from business transactions.

This is a necessary chore that helps small business owners track and manage their money effectively – especially during the first stages. Besides keeping you cognizant about your business’ past and present performance, small business accounting also helps in generating invoices and completing payroll.

The process of accounting starts with analyzing financial transactions and entering those pertaining to the business entity into the accounting. For instance, loans taken for private reasons aren't included within the business documents

When you first start a small business, you will hear the terms bookkeeping and accounting used almost interchangeably. There is a difference in bookkeeping and accounting in your business company. Small businesses may have both bookkeeping and accounting functions, and they are synergistic.

Bookkeeping is the practice of recording your business transactions in your general ledger, the book or software program that contains all the financial transactions for your firm since its inception.

Accounting is the practice of analyzing the information in the ledgers and developing insights into your business's financial decisions.

The first step of the accounting process involves the preparation of source documents. A source document or business document is the foundation for recording a transaction.

You should hire an accountant for your small business once you need help with the gathering, analysis and reporting of monetary information. Accountants can interpret your financial data so as to assist you create better business decisions when it involves your company's money. SBSgreenville offer a full range of services to individuals and small businesses we’re reliable with all your bookkeeping, tax preparation, payroll and business consulting needs.

Get flat, affordable monthly rates as low as $65/Month!

Experienced and Certified Quick Books Pro Advisors.

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Dedicated Account Manager ready to answer your questions.

Back bookkeeping, Real-time bookkeeping, Payroll, Taxes,

Part time and Full time bookkeeper/Part-Time Controller / CFO Services

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We understand that each individual and business has unique needs so everything can be customized to fit your business. We will explain your questions so that it makes sense and not use too much jargon. Reports can be customized and saved so that you will get consistent information specific to your business needs.