Bookkeeping isn’t glamorous, but it’s the foundation everything else is built on. Tax planning, financial reporting, loan applications, and valuations all depend on clean books.
What Good Bookkeeping Looks Like
Every transaction categorized correctly, bank and credit card accounts reconciled monthly, financial statements accurate and available within days of month-end, and a clear audit trail for every entry.
The Cost of Messy Books
Decisions based on incomplete information, tax preparation takes longer and costs more, deductions are missed, loan applications are delayed, and audits become stressful.
Monthly vs. Annual Bookkeeping
Monthly bookkeeping costs less per hour, gives real-time financial data, and makes tax season straightforward. Annual cleanup costs more and provides no mid-year visibility.
What to Look For
Someone who reconciles monthly without exception, provides understandable financial statements, communicates proactively, and understands NJ-specific requirements.
Disclaimer: The information provided is for general educational purposes only and does not constitute tax, legal, or investment advice. This content is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Tax outcomes depend on your specific facts and circumstances. Viewing this material does not create a CPA-client relationship. Personalized advice is provided only through a signed engagement letter.
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