How often should my books be done?

Monthly suits most small businesses. Each month gets matched to the bank statement while the details are fresh, and nothing piles up for year-end. Some very small businesses do fine with quarterly.

My books are behind. Can you still help?

Yes. Bring what you have, even if it is a box of receipts and a stack of statements. The office will sort out where things stand before talking about what comes next.

Do I need bookkeeping if I already have someone do my taxes?

A tax return only covers one day of the year. Bookkeeping covers the other 364. When the books are kept all year, the return is faster to prepare and less likely to miss a deduction.

Bookkeeping Services in Tazewell, VA

Bookkeeping services in Tazewell, Virginia

Bookkeeping is the steady, unglamorous work of recording every sale, bill and bank transaction so your numbers are right when you need them. Professional Bookkeeping & Accounting keeps the books for small businesses in Tazewell and across Southwest Virginia. Pansy Harman, EA, has done this work in the area for more than 37 years, and her office is upstairs at 902 Main Street.

What bookkeeping covers

Recording income and expenses in the right accounts
Reconciling bank and credit card accounts against their statements
Keeping track of what customers owe you and what you owe suppliers
Reports that show what came in, what went out and what is left
Books that are ready for payroll filings and tax time

Why it is worth handing off

Most business owners do their own books at first. Then the business grows, the receipts pile up, and the books slip a month, then three. Catching up costs more than keeping up.

Current books also answer the questions owners actually ask, like whether you can afford to hire or which customer is six months behind on an invoice. You get a number instead of a hunch.

How it works

Call the office at (276) 971-7822 and talk through your business: what you sell, how you get paid and where your records are now.
Bring your bank and card statements, invoices and receipts, organized or not.
If the books are behind, they get caught up first and set up so each month follows the same routine.
After that, your transactions are recorded and reconciled every month, and you get the numbers.

Bookkeeping, payroll and taxes in one office

Because Professional Bookkeeping also runs payroll and prepares tax returns, the books, the paychecks and the return all come out of the same set of records. There is no handoff between three different firms, and no one has to ask you for the same statement twice.

Price

The price depends on how many transactions and accounts you have and how far behind the books are. You'll know the price before any work starts. Contact the office to ask.