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Focus on your business passion and growth.....Leave the books to us.

Why choose Faith Bookkeeping?

Bookkeeping is all we do and we’re the best at it. Time is money, it affects us all and with Faith Bookkeeping, it’s never wasted. We are quick, concise and most importantly, accurate. With over 20 years of experience and financial knowledge, we guarantee your satisfaction and our reputation means everything to us.

We work with you and your team to develop a streamlined bookkeeping process where you have complete confidence and control of your finances.

At Faith Bookkeeping, we believe in true business partnerships that make life easier, provide the best information to make smarter decisions, and help clients build successful companies.

What does a bookkeeper do for a small business?

Bookkeepers help businesses keep their finances intact by posting transactions, reconciling accounts, and preparing reports. They ensure that your vendor bills get posted, credit card charges get recorded correctly, and income is recorded properly. They can take care of the daily, repetitive tasks that make it possible for business owners and accountants to get accurate and timely data to build budgets, identify trends, and plan for the future. Good bookkeepers are organized, skilled with numbers, and excellent problem solvers.

Benefits of hiring a bookkeeper for your small business

• Error prevention: One of the top benefits of hiring a bookkeeper is that they often help you avoid costly errors in tax filing and payroll. Even the most seasoned business owners are known to make posting errors, double count transactions, or forget to invoice customers. While no one is perfect, a trained professional can help ensure that your records are up to date and error free.
  
• Analysis: You have probably heard the phrase “garbage in, garbage out.” Good bookkeeping provides the foundation for financial reporting and analysis. With it, you can prepare accurate and timely financial statements that support goods decisions. Without it, you are making decisions in the dark.
  
• More free time: While bookkeeping is a critical function, it is not the best use of time for most entrepreneurs. They are far better off outsourcing the bookkeeping function and using that time to focus on running their business.
  
• IRS Compliance: Another important point that you should not overlook is that a good bookkeeper will help you stay in compliance with the IRS. They understand the rules and will put procedures and safeguards in place to ensure you are capturing the right information to avoid costly IRS fines or penalties.
  

Examples of bookkeeping services for a

small business.....

Recording daily credit/debit card transactions

Most small businesses pay for goods and services with a credit or debit card. Ensuring the timely and accurate posting of those transactions into the accounting system is an important bookkeeping function.

Processing vendor invoices for payment

Just like credit card transactions, processing vendor invoices is a critical function for most small businesses. A bookkeeper will route the invoices for approval, enter them into the system, and process the payments at the appropriate time.

Invoicing customers and collecting payments

Arguably the most important bookkeeping function of all is the process of invoicing customers and collecting cash receipts. A good bookkeeper will help build a process to ensure that invoices not only get out on time and that nothing slips through the cracks, but that cash is collected in a timely manner.

Reconciliations

One of the main responsibilities of a bookkeeper is to ensure that all transactions get properly recorded in the accounting system. By reconciling an account, a bookkeeper matches the posted transactions with the original source documents like a bank statement or credit card statement. Only after reconciling all of your accounts can you really trust that your financials are accurate.

Payroll posting

Payroll is a critical function for every organization. It is not only important that your employees get paid on time, but that you also post the payroll in your accounting system as soon as it occurs. Payroll is usually a significant expense for a business and by not recording it in your books in a timely manner, you will not have an accurate view of cash.

Donna Ott

Founder / CEO

Leadership

Donna brings to the table a solid foundation with over 20 years of experience as a Financial Controller and Professional Bookkeeper. Today, she stands at the helm of Faith Bookkeeping, LLC., based out of Murphy, NC. in the Smoky Mountains. Donna prides herself on her speed, accuracy and integrity by holding herself to a high standard of quality. Donna enjoys building connections with her clients, adding value to those she interacts with.

Faith is not just embedded into our brand name, but is an integral component of our core values. The foundation of that value....is Faith.

Donna and the team at Faith Bookkeeping look forward to serving your company’s financial needs and are excited to build a long term business relationship with all of our clients.

At Faith Bookkeeping we are...

Success Driven!

Frequently Asked Questions

Q: Should I hire a bookkeeper for my small business?

A: If you want to have a growing, successful business, the simple answer is.....Yes, you should use bookkeeping services for small business owners. You might think that doing bookkeeping duties yourself may save time and money, but it’s actually the other way around. A professional bookkeeper saves you more time and money in the long run by allowing the financials to get done correctly, preventing errors, then freeing you up to focus on what you do best: growing and improving other areas of your business.

Q: If I turn my bookkeeping over to you, how do we get started?

A: Because no two businesses have exactly the same bookkeeping needs, we take an individual approach to each of our clients. First we’ll do a detailed interview to learn about your business and your bookkeeping and financial reporting needs. We’ll use this information to tailor a bookkeeping plan to your exact needs. When you sign off on the plan, we begin.

Q: My bookkeeping is in too much of a mess. Can you do anything for me?

A: However big you think your mess is, chances are we’ve seen and cleaned up bigger ones. We’re experts in getting financial material organized and caught-up after months or even years have gone by.

Q: I haven’t filed taxes in several years. Can you help?

A: Absolutely. That’s one of our specialties. The first step is to get all the vital information pulled together and verified. Then we assemble the information and get it to your tax preparer. We’ve helped a lot of clients in exactly this situation.

Q: How much does a bookkeeper charge for a small business?

A: So we know a bookkeeper is critical, but what is the cost of bookkeeping services for a small business? Is it affordable?

When it comes to bookkeeping, most outsourced providers will quote a fixed fee based on the complexity of your books and the volume of transactions, but some will charge by the hour. So how much should you budget monthly for a bookkeeping service? $250 per month is a good starting price for the most basic monthly bookkeeping services. If you are paying by the hour, you can expect to pay between $40 and $100, depending on your location. You should also be wary of companies that are charging too little. You typically get what you pay for and will likely be disappointed by the quality or level of service you receive.

Q: What is the difference between bookkeeping and accounting?

A: The terms bookkeeper and accountant tend to be used interchangeably sometimes, so it is important to note their differences. There are a few important distinctions between the two roles.

Good bookkeepers help business owners manage their finances by recording transactions, paying and issuing invoices, reconciling accounts, and posting payroll. Bookkeepers ensure the timely and accurate recording of transactions in the accounting system, which in turn, provides the foundation for solid reporting and analysis. That’s where an accountant comes in.

Accountants rely on the information that comes out of the accounting system to prepare the necessary reports and analysis that business owners use to make informed decisions. They also do things like build budgets and prepare dashboards to track key performance indicators for the company. Additionally, an accountant may oversee a bookkeeper’s work. So, generally, an accountant’s role requires more education.

When comparing accountants and bookkeepers, know that an accountant may also be a bookkeeper. But entry-level bookkeepers are not accountants. Familiarizing yourself with what a bookkeeper does and what accounting clerks do can help you narrow down your financial needs.

“Faith Can move Mountains”

Matthew 17:40

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