Dedicated. Understanding. Professional.
Welcome to American Bookkeeping Services!
We believe in transparency, honesty and in truly listening to our clients.
We provide transaction categorization, transaction reconciliation, and financial reporting for small businesses. American Bookkeeping Services is QuickBooks Pro Advisor certified. Give us a call today for a free quote!
252-241-5142
Bookkeepers Categorize Your Transactions
Bookkeepers ensure that your transactions are categorized correctly, helping you understand where your money is coming from and going to.
Categorization is important for generating accurate financial reports, which provide valuable insights into your business's performance.
Categorization makes claiming tax deductions easier by organizing transactions into specific categories.
Ultimately, well-categorized transactions give you a clearer picture of your financial health, empowering you to make smarter business decisions.
Bookkeepers Reconcile Your Accounts
Reconciliation is the process of comparing your financial records including bank statements and credit card statements to your business’s accounting records to ensure that they match.
Reconciliation ensures that your books are accurate. Routine reconciliation is useful for finding errors, missing transactions, and unauthorized charges.
Reconciliation helps catch potential fraud early on, and gives you accurate and correct information when filing taxes.
Regular reconciliation ensures your financial reports are reliable which give you a clear picture of your business's financial health.
Bookkeepers Create Your Financial Reports
Financial reports provide a clear picture of your business's financial performance. Common reports include:
The profit and loss statement
The balance sheet
The cash flow statement
Accounts receivable/payable aging details
Financial reports also help you track income, expenses, assets, and liabilities and enable you to identify trends and make informed decisions.
Financial reports help you understand the overall health of your business. They also help you set realistic goals and plan for growth.
Financial reports play a key role in securing loans and attracting investors and demonstrate your business’s stability and potential.
Accurate financial reports ensure compliance with tax regulations and help you stay prepared for audits and tax filings.