Bookkeeping services are essential for your small business, helping you to manage your company’s finances by keeping track of its cash flow. Once you decide a bookkeeper can be beneficial for your business, it’s important to bring in all the necessary paperwork to the first meeting, so your financial professional can process your information thoroughly and accurately. The team at Clark W Terrell CPA, located in Crossett, AR, offers a guide to preparing for your first bookkeeping services meeting.

What You Should Know About Your Initial Bookkeeping Services Meeting

What to Bring to the First Meeting

It’s essential to bring any paperwork you have that shows money going into or out of your business accounts, including bank accounts, loans, credit cards, or lines of credit. Bank statements, canceled checks, and credit card statements provide information that may be necessary for your bookkeeper.

You should also include information about legitimate business expenses paid for with personal debit or credit cards or cash. Bringing in tax documents from the past five years helps your bookkeeper understand your business’ financial situation and can help them recommend tax services benefiting you.

How a Bookkeeper Uses This Information

Your bookkeeper uses your financial documents to keep track of business sales, payments, and purchases. They organize the paperwork you bring in and record it in accounting software, such as QuickBooks™, so your accountant can quickly process your company’s financial information. Once your bookkeeper has access to these financial documents, they can advise you on potential issues affecting your business in the future, such as a late invoice payment or cash flow problems.

The team at Clark W Terrell CPA is committed to providing personalized bookkeeping services to help small business owners effectively manage their finances. Call them at (870) 364-5006 to speak with a professional accountant. You can also visit them online to learn more about their income tax services.