What is Bookkeeping

Bookkeeping is the process of keeping track of a business’s financial transactions. These services include recording what money comes into and flows out of a business, such as payments from customers and payments made to vendors. While bookkeepers used to keep track of this information in physical books, much of the process is now done on digital software. 

Should I hire a bookkeeper?

Every business has a regular flow of financial statements, balance sheets, bank statements, and other financial documents to keep in check—and most business owners need help to do so. Many don't have the time to keep up with the necessary data entry. They may also lack the needed training in QuickBooks or other accounting software to keep appropriate records. Small businesses everywhere need bookkeeping services to support the financial health of their business.

How much does a bookkeper cost?

There are so many factors that go into the cost of bookkeeping services. The tasks you need, how often you need them, the size of your company, etc. Pricing structures typically come in hourly rates, flat rates, % of clients revenue, or per transaction. Silicon Slopes charges a flat monthly rate with different packages depending in the services you need.

Can you Prepare my taxes for me?

No. Taxes are best prepared by a separate accountant other than your bookkeeper. I will work closely with your accountant (who specializes in tax preparation). This way you don’t overpay your accountant for bookkeeping services and you never risk running into issues with laws. You’ll take advantage of the unique expertise of each professional. I file 1099’s at the end of the year, as well as prepare the financial statements your tax preparer will need from you.