Monthly bookkeeping service is a professional service provided by a bookkeeper to manage and maintain a business’s financial records on a monthly basis. The service includes the recording of all financial transactions, such as sales, expenses, and payments, into the company’s accounting system. The bookkeeper will also reconcile accounts, ensure accuracy of financial data, and produce financial reports such as balance sheets, income statements, and cash flow statements.
Monthly bookkeeping services are important for businesses of all sizes, as it helps them to stay organized and compliant with tax regulations. It also provides businesses with up-to-date financial information that is critical for making informed decisions about budgeting, forecasting, and investing.
Some of the tasks that are included in a monthly bookkeeping service may include bank and credit card statement reconciliations, accounts payable and receivable management, payroll processing, and tax preparation. The bookkeeper may also provide advice and recommendations to help businesses improve their financial performance and maximize profitability.
Monthly bookkeeping services can be customized to meet the specific needs of a business. This can include the frequency of reporting, the types of reports produced, and the level of involvement of the bookkeeper. BizTag utilizes cloud-based accounting software Quickbooks online to provide real-time access to financial data and streamline the bookkeeping process.
[In summary]
monthly bookkeeping services are an important tool for businesses to maintain accurate financial records, ensure compliance with tax regulations, and make informed financial decisions. By outsourcing bookkeeping tasks to a professional, businesses can save time and resources, while also gaining valuable financial expertise and advice.
Starter
Under $250K-
Great for start-up businesses and solopreneurs
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Monthly bank reconciliation
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Posting banking transactions
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Subscription "QBO Simple start"
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Email and chat support
Small Biz
$250K - $1M-
Great for small sized businesses
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Monthly bank reconciliation
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Posting banking transactions
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Basic management reports
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Subscription "QBO Plus"
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Email and chat support
Corporate
Over $1M-
Great for small sized businesses
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Monthly bank reconciliation
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Posting banking transactions
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Advanced management reports
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Subscription "QBO Advanced"
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Receivables monitoring
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Email and chat support