I recently gave a presentation clarifying the different roles of a CPA, Accountant, and Bookkeeper. For most people this can be a confusing subject and even I struggle sometimes with trying to define the lines the divide them. Suffice it to say that all tend to venture into each others space and there is some overlap.

However, today I want to focus on what value a good bookkeeper can bring to your business. If you are trying to grow, focusing on generating more revenue, the last thing you want to do is lose momentum while trying to figure out the accounting for your business. So, find a good bookkeeper, like us, who can help you! Here is a short list of some areas that bookkeepers can help:

• They Save you time - Unless you are a bookkeeper, you’re probably spending too much time doing it.



• They Track transactions and receipts - A bookkeeper should be able to help you set up systems and processes to keep track of your receipts in case you need to present them in the future, such as in an audit situation.

• They help to Reduce errors - Categorization errors are the biggest issue when it comes tax time. If you are entering transactions incorrectly, this can cause major problems for your business.

• They assist in Financial statement preparation - Financial statements tell the story of how your business is doing financially. Banks, shareholders, and other outside parties will be very interested in these statements. The balance sheet shows the book value of a business. The income statement shows a business’s earnings over a given period of time. The cash flow statement shows how the company is financing their operations; where cash is coming from and where it’s going.

A client that I had been working with for 3 years, decided to sell her company. We focused our bookkeeping efforts and advice on those areas that add value from an accounting standpoint when selling a business, profit. She was able to sell for an amount she was happy with upon closing and when she starts her next venture, we’ll be there to help!