Trust industry experts to ensure accurate and timely bookkeeping, so you can focus on what matters most—growing your business in Utah.
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Basic
Starting at
$249
Per month billed annually or $ 299 billed monthly. Includes a FREE consultation.
Intermediate
Starting at
$429
Per month billed annually. Includes a FREE consultation and free migration.
Bookkeeping is the systematic recording of financial transactions to ensure accurate financial statements.
Bookkeeping helps maintain accurate financial records, which are crucial for budgeting, financial analysis, and tax preparation.
The two main types are double-entry bookkeeping, where every transaction affects two accounts, and single-entry bookkeeping, a simpler method for small businesses.
The main financial statements are the balance sheet, income statement, and cash flow statement.
Common tools include accounting software like QuickBooks, Xero, and other cloud-based solutions that enhance accuracy and efficiency.
Bookkeeping should be done regularly, with transactions recorded daily or weekly, and financial statements prepared monthly, quarterly, and annually.
Yes, many aspects of bookkeeping can be automated using accounting software, which reduces manual errors and saves time.
Bookkeeping focuses on recording transactions, while accounting involves analyzing, interpreting, and summarizing financial data to provide insights.
Small businesses need bookkeeping services to ensure accurate and up-to-date financial records. This is essential for making informed business decisions, preparing tax returns, and meeting financial reporting requirements.
Bookkeeping services can help your business by providing accurate financial data and reports, enabling you to make informed decisions about budgeting, cash flow management, and business growth. By enlisting an accountant as your bookkeeper, you have an opportunity to shed some of the usual burdens of day-to-day bookkeeping tasks. Instead of shouldering the work yourself, your bookkeeper will be able to deliver regular insights into how your business is performing so that you can use that information to help your business grow how you desire.
Online bookkeeping services offer several benefits, such as convenience, accessibility, and cost-effectiveness. Rather than needing to find the right person to manage your books, Taxfyle will connect you to a Pro who can meet your needs. Along with having your books managed monthly, your Pro may also be able to file your business’s taxes through a bundled service to alleviate you from more work. You can also purchase cleanup services for prior year bookkeeping that have not been reviewed.
Bookkeeping services can help with tax preparation by ensuring that your financial records are accurate and up-to-date. This makes it easier to calculate your tax liability, identify deductible expenses, and file your tax returns accurately and on time. With Taxfyle, you can bundle your bookkeeping and tax filing work together to optimize your experience on our platform.