Why bookkeeping with Your Startup Guru?
Remote bookkeeping service by Your Startup Guru is designed to support your unique business, budget, goals, and processes.
We specifically specialize in bookkeeping for startups and early-stage businesses. This includes managing tight cash flows, which require careful monitoring of cost centers. Meticulous tracking of frequent contributions & distributions to and from shareholders’ personal and business accounts is also a major value-added service we provide. Lastly, entrepreneurs are often overwhelmed with simply running their business, so messy books from misplaced receipts are one of our specialties.
What is bookkeeping?
Bookkeeping is so much more than numbers and spreadsheets. It’s the meticulous art of recording all financial transactions a business makes. It gives you an in-depth look at your expenses and revenue and gets you on the path to making your business profitable.
Bookkeeping is tracking all documentation of any financial transactions a business entity makes from launch to closure. Business owners or bookkeepers record business activities based on supporting documentation, depending on the company’s accounting principles. Documents can be bills, receipts, invoices, purchase orders, or other financial reports that indicate a transaction.
Why is bookkeeping important?
It’s essential for businesses to devote time and money to keeping accurate financial reports. Ultimately, when you have a balanced bookkeeping system, you can rest assured that you also have an accurate indicator of measurable success. In doing so, businesses of all sizes and ages can make strategic plans and develop realistic objectives.
Additionally, businesses must comply with the legal tax regulations and systems that govern their finances. Accurate and well-maintained bookkeeping creates a strong basis for all levels of compliance.