Small Business

Why Outsource Your Bookkeeping?

Bookkeeping is an essential part of any business. Good record keeping could be the difference between being successful or being a failure in your business especially when it comes to keeping track of the taxation aspect by complying with income tax filing and payment which is a must. Hiring an independent bookkeeper to keep the books, meet deadlines and prepare the financial reports can save time and money for businesses.

 

 

What are the Benefits of an Independent Bookkeeper?

  • By paying hourly, you only pay for what you use, so you’re not paying for downtime.
  • You reduce overheads by not having to pay employee benefits such as, sick pay, holidays and vacation.
  • In quiet times you’re not paying for another staff member that you don’t need.
  • You can claim all expenses involved in engaging an independent bookkeeper.
  • You don’t have to invest in training a staff member to do the work, and then take the risk that the staff member has moved on before you see any benefit.
  • By engaging an independent bookkeeper you are paying a fully trained expert in their field, saving you time and money

By outsourcing, we have a duty to our clients to stay abreast with the latest developments and changes in accounting, taxation and QuickBooks. Having a bookkeeper make your records ‘accountant (CPA) ready’, thus helping you save on accountancy fees. By the same token, book keeping fees will be less than if you hire an accountant to complete hese regular tasks.

What is Expected of an Independent Bookkeepers?

  • Setting up and maintaining books for small- to mid-size businesses.
  • Maintains all journals and ledger accounts.
  • Records assets, leases and expenditures, and does the monthly bank reconciliation.
  • Maintains the journals, subsidiary journals and ledger accounts.
  • May do the payroll, file the employment tax returns and compute related deposits.
  • Maintains and handles all books through the adjusted trial balance.
  • Records assets, leases and expenditures and performs the monthly bank reconciliation.
  • Analyzes and corrects current-period errors in the general ledger.
  • Does the payroll, files federal and state payroll tax returns and computes related deposits.
  • Any tasks related to invoicing and billing.
  • Bank and Credit Card Reconciliation.
  • Inventory Management.
  • Financial Statement Preparation.
  • Income Tax Preparation.

 

Why Masterpiece Accounting Services

We maintain a network of highly trained professionals with decades of experience in accounting and finance. You'll never be working with novices who are "learning on your time."

We assemble the team best suited to handle your project - large or small - and our low-overhead business model means cost savings for you.

The proficiency of our seasoned staff translates into careful listening, insight, accuracy, and fast turnarounds

Contact Us

Principal: Ibanessa Soto Hogan

Phone: 914-752-3632.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

We handle your information with the utmost respect and confidentiality while providing accurate and reliable results.