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What Does a Bookkeeper Do?

October 23, 2022
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As you’ve started your business and seen it grow, you’ve probably also realized that the time you spend on the paperwork of running a business is increasing. As you grow, making money and spending it on goods as well as employees, you probably find yourself needing someone who can focus just on the record keeping. This is where a bookkeeper comes in handy. You can do some on your own or you can hire someone. Gonzales Group, a respected San Antonio TX CPA, regularly helps small businesses with everything from accounting to payroll services, and certainly with taxes.

If you choose, you can also hire a bookkeeper, full or part time, and have them turn over the information to your CPA to handle the rest of the details. Ultimately, what a bookkeeper does is document your daily financial transactions and help you see your financial status at the moment.

Bookkeepers do a lot of data entry, keeping track of all of your transactions, including expenses, invoices, receipt management, as well as payroll processing for your staff. They also help by downloading banking information directly into your accounting system, which helps them allocate payments and receipts into the system.

Among the main responsibilities of a bookkeeper are preparing income statements (also known as profit & loss statements), balance sheets, cash flow statements, and statements of changes in equity or statements of retained earnings. All of this is designed to help you better understand your financial situation at any given time. They also make things easier when it comes time to file your taxes.

Of course, if you choose to work with a company like Gonzales Group, we can do a lot of this work for you. Using our secure website, you can pay your bills and record your deposits, submit payroll information as needed, and provide monthly bank statements and credit card statements. We take everything from there, in real time. Our  specialists handle payroll processing, reconciling bank statements and credit card reports, as well as issue financial statements, prepare tax returns and assist with tax planning. Because we’re accountants and not just bookkeepers, we can not only make it clear where you are now, but help give you a better understanding of the path your business is on for the future, looking at the big picture.

We’ve been a respected San Antonio TX CPA firm for more than 30 years, and with our experience, we can take the pressure off you when it comes to the financial side of your business so that you can focus your time on continuing to grow and build your business to reach even greater success. We specialize in helping small businesses, so contact us today to learn more about how we can help you with bookkeeping, accounting, payroll, taxes, and more. We’re here to help you succeed!

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This post was written by Gonzales Group CPA


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