Bookkeeping Lexington, KY

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Service Overview

Bookkeeping Services in Lexington

Bookkeeping is an essential part of any business, big or small. It is the process of recording and managing financial transactions to keep track of a company’s financial performance. Effective bookkeeping requires attention to detail, organization, and a good understanding of financial concepts. You may be wondering, where can I get the best bookkeeping service in Lexington? And the only answer is Accounting Firm LLC

As a small business owner, maintaining precise and updated financial records is very important to achieving success in your business. But the tough part is that managing your bookkeeping on your own can be an intimidating and time-consuming task. But at Accounting Firm LLC in Lexington, our bookkeeping services for small businesses are specifically created to assist small business owners like yourself in monitoring their financial transactions and managing cash flow. Our team of proficient Lexington bookkeepers at Accounting Firm LLC will take good care of your financial records and keep them organized.

Services Of Bookkeeping We Provide For Small Businesses

Enter and Categorize Transactions

We do many different kinds of bookkeeping services for our clients. Whether it is the little tasks that are just bothersome to keep track of or the important tasks that need to be completed professionally, here at Accounting Firm LLC, our  bookkeepers in Lexington can do it all.

Let’s start from the beginning: what is entering and categorizing transactions and how does the process look? Entering and categorizing transactions involves recording all financial transactions, including income, expenses, purchases, and sales. These transactions need to be recorded accurately and timely to ensure that the company’s financial records are up-to-date and accurate.
Categorizing transactions is a very important part of bookkeeping, as it helps to keep track of where the money is coming from and going. For example, expenses can be categorized into different categories such as rent, utilities, office supplies, and travel expenses. By entering and categorizing transactions, you will be able to keep track of how much money is being spent on each category and identify the areas where you should cut some of your costs.

Reconcile Bank and Credit Card Accounts

The next area of bookkeeping that our bookkeepers at Accounting Firm LLC in Lexington do is reconciling bank and credit card accounts. What is a reconciliation of bank and credit card accounts, you may ask? Well, reconciliation is the process of comparing the company’s financial records with the bank and credit card statements to ensure that they match. This process will help you find any discrepancies that should be investigated and resolved to ensure that the company’s financial records are accurate. The worst thing that can happen to your company is if you can’t find where some of your money is going, which could harm your company dramatically.

Furthermore, having a team of bookkeepers in Lexington to reconcile bank and credit card accounts is very important, as this will help to identify errors, any kind of fraud, or other financial issues that may need to be addressed. Reconciliation also helps to ensure that the company’s financial records are up-to-date and accurate. So if you want all of your money to be accounted for and make sure that no money is being wasted, let our bookkeepers at Accounting Firm LLC in Lexington help you out.

Record Sales and Payroll Entries

Recording sales and payroll entries is another important service of bookkeeping that our bookkeepers at Accounting Firm LLC do. This service of bookkeeping is very self-explanatory and doesn’t need too much explaining. Both recording sales and payroll entries are quite similar to each other, but there is a little difference between the two. The difference is that sales entries involve recording all sales made by the company, including cash, credit card, and other payment methods. Whereas payroll entries involve recording employee wages, taxes, and other deductions.

This may seem like a simple service that just about anybody can do, but the reality is that it takes true precision and great organization to record sales and payroll entries accurately and on time. By trusting Accounting Firm LLC in Lexington, you can rest assured that the company’s financial records are up-to-date and accurate and our Lexington bookkeepers assure you that your employees are paid correctly and that the company is compliant with all tax regulations.

Monthly Financial Statements

Another area of bookkeeping that we do is preparing monthly financial statements. Financial statements are very important and provide a summary of the company’s financial performance for a given period, usually a month or a quarter. Preparing monthly financial statements is important, as it helps to keep track of the company’s financial performance and identify areas where improvement may be needed.

One of the key benefits of using our bookkeeping service is the assurance that your financial records will be accurate, complete, and up-to-date. Our team of Lexington bookkeepers at Accounting Firm LLC are well-versed in accounting principles and software, and they will ensure that your financial reports and statements are always available to you. With access to these financial reports, you can make informed decisions about your business, and continue to grow your company. At Accounting Firm LLC in Lexington, we can do any kind of financial statement for you, whether it is an income statement, balance sheet, cash flow statement, or even a statement of owner’s equity, we can do it all!

Starting at $450/mo

How We Work

Guiding Your Financial Success Step By Step

At Accounting Firm LLC, we follow a clear and straightforward three-step process, customized for each client, to make sure all your accounting needs are taken care of professionally and accurately. Let us be the difference your business needs.

1. Discussing Your Business

First, we have a detailed talk with you about your business. We learn about your financial situation, any problems you're facing, and what you want to achieve. This helps us tailor our services to your unique needs.

2. Making A Plan

Next, we make a custom plan for your business based on what we discussed. Whether it's keeping track of money coming in and going out, making sure employees are paid, or getting your taxes ready, we make sure everything we do helps your business succeed and follows all the rules.

3. Executing The Plan

Finally, we put our plan into action, carefully handling all your financial tasks. We keep you updated with regular reports so you always know what's happening with your money. This leaves you free to focus on what you do best: running your business.

Accounting Firm LLC. Is Trusted By Hundreds Of Small Businesses In Lexington

Businesses choose us because we understand their unique needs, helping them navigate their financial journeys with confidence. Our deep-rooted commitment to fostering the growth of small businesses is why we are the go-to accounting firm in Lexington.

Who Can I Trust?

With so many different accounting firms in the Lexington area, it is tough to find a firm you can trust with all of your company’s or personal finances. Anything related to accounting may be stressful if not given to the proper hands of a good firm. The good news for you is that you no longer have to look for a trustworthy accounting firm. Accounting Firm LLC in Lexington is the perfect option for you, whether it is creating a financial statement or reconciling bank and credit accounts, we can do everything for you when it comes to bookkeeping.

Why choose us? From years of happy clients that we continue to work with to this day, to our growing firm of experienced professionals, there is no reason to trust anyone else with your finances. We won’t overcharge you for any service and we will make sure that all your records and statements are organized and reported properly, to the extent that anyone can understand them by looking at them.

Testimonials

What Our Clients Say About Us

At Accounting Firm LLC, our clients commend our expertise, tailored service, and commitment to their financial success. They trust us for our strategic advice and comprehensive services, recognizing us not just as their accounting firm, but as a reliable partner for their business growth.