Lee's Summit Bookkeeping Services
We help you enjoy your business more by managing the complexities of your bookkeeping for you.
Customer's accounts receivable, invoicing and posting, processing of payments when received, prepare monthly accounts receivable aging and reconcile to the general ledger.
Ensuring A/P and A/R are in balance at the month-end.
Processing monthly financials for reports to business stakeholders.
Reconciling accounts receivable and cash receipts.
Processing all billings including tracking subcontracts, bonds, change orders and processing of subcontractor payments and lien waivers.
Set up the job-specific tax codes for use taxes for all of the states that a company performs work in.
Sales and use tax effort for companies to file and pay electronically for significant savings to the company which eliminates the need for a physical check, postage and man-hours to send to the state.
Processing of journal entries, month-end closing processes and reconciling of sales and cash receipt accounts to the general ledger.
Know Your Business Numbers
Enjoy the time to focus on your customers and building your business while we tackle the financial reporting that is necessary for any business to succeed and thrive. You must know your numbers first then plan your next business growth ramp.
What's the Difference in Bookkeeping and Accounting?
Bookkeepers record day-to-day revenue and expenses in chronological order. Accountants classify and summarize transactions for financial reporting. Accountants use accounting standards and requirements to analyze financial information, and then create business reports and financial statements.
Bookkeepers keep up with recording, while accountants provide an accurate view of your small business performance and financial conditions so you can make better decisions going forward. Both remain vital parts of your company’s financials, but mistakes made during the bookkeeping process can carry over to accounting, which is why accurate record-keeping is essential. Since small business owners typically try to perform their own bookkeeping duties, you should make an effort to avoid these common bookkeeping mistakes.
Many small businesses fail because owners don't take bookkeeping seriously falling behind without the financial education so we offer service to compliment growing the business. Hiring Where Your Money Went as your accounting and bookkeeping service will record each and every transaction accurately and religiously to keep your company on the right track.
Each transaction entered into your bookkeeping ledger will have a corresponding receipt for a clear record of transactions at tax time making your CPA very happy. Most business owners keep track of the big expenses like rent, utility bills, supplier invoices, and sales receipts, but forget to keep up with smaller receipts for things like business lunches, office supplies, and gas. We help business owners keep track of the small expenses to avoid leaving you with bigger tax liability at year’s end.
When you purchase items with personal credit or debit cards for your business or use your business accounts to pay for personal expenses, you muddy the waters when it comes to keeping your books. To achieve clear-cut bookkeeping, be sure to keep your accounts separate to ensure you can properly write off expenses at tax time. If you need to fund your business account with personal money, transfer the cash to your business account rather than making business purchases with personal cash or credit.
While bookkeeping software makes entering financial data relatively easy, a lack of time or education can lead to costly bookkeeping mistakes. At Where Your Money Went accounting and bookkeeping services, we make sure you’re aware of areas that can potentially waylay your business, and take steps to double-check your records to avoid these common mistakes.
Business is just better with a ProAdvisor
A ProAdvisor is a QuickBooks-certified independent accounting pro who can provide strategic insights to drive small business success. A ProAdvisor pushes more than numbers—they can help make your business the best it can be. Discover why small businesses are more successful with an accounting pro.
We wish every bookkeeper loved your business as much we will. We are tested each year and certified by Intuit on a range of products as your QuickBook ProAdvisor and here to help businesses get the most out of their accounting software.
Every small business owner should have at least some understanding of daily record-keeping practices and principles. Even if you hire an accountant to manage your books, you need to have a basic knowledge of how things work to ensure they’re being processed correctly.
Training for Quickbooks
Although QuickBooks is designed for the layman to understand, the initial setup and installation can be tricky. Save hours of frustration by allowing us to setup QuickBooks for you correctly the first time.
We help businesses restructure their financial reporting, analyze fiscal data and conform to new regulations. Your books contain valuable data to help you run your business and it’s super important that your bookkeeping is accurate and up-to-date. You will love having more time to focus on growing your customers while we take care of the books.
If you are trying to find a local QuickBooks ProAdvisor, you have come to the right place. So don't put it off any longer because we love it when the phone rings, and it's reflected in the work we do for our clients.
You will love having more time to focus on growing your customers while we take care of the books.