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Bookkeeping – why use a Professional?

Bookkeeping services are not just about data entry and bank account reconciliation.

TustinTim’s bookkeeping services are not intended to replace the services of your Certified Public Accountant (CPA). In fact, many of our clients are referred to us by local CPA firms. Our services are designed to work in conjunction with your CPA, so that you have comprehensive financial management solutions for your small business.

After a thorough review of your current accounting and making recommendations that will improve your company’s reporting and classifications, all of your transactions will be entered into the bookkeeping software you prefer. Monthly we will reconcile your bank accounts and at month-end you will receive a complete set of reports including a summary, statement of cash flow, income statement and a balance sheet.

We can offer you freedom from time-consuming accounting and bookkeeping tasks, or fulfill your need for a full-time or part-time bookkeeper, thus allowing you to focus on other areas of your business.

Our team regularly interacts with global clients in order to take care of their entire back end bookkeeping business, giving them more time to focus on their core business processes. We have adopted a personalized approach to serve our customers who outsource bookkeeping services to TustinTim and ensure that all the financial data relating to business operations are dealt with in an orderly manner covering procedural aspects of business.

Outsourcing of the bookkeeping services guarantee cost effectiveness, quality, accuracy and security of your data. The bookkeeping services help in focusing on the tax preparation and accounting thus ensures that the operational costs are reduced to a greater extent.

When you realize you need bookkeeping help, how do you identify what is the best resource for your business?

Call in your accountant (CPA) or hire a Bookkeeping Service?

Each option has different skill sets and different pricing.   You don’t want to end up paying two twice to get the job done.  Therefore, do some homework before making your hiring decision, and really think about what your business needs.

In this blog post, I’ll explore the appropriate situations for these options and hopefully make your job a little easier.

Hiring an Accountant

Your CPA should be brought in for:

  • tax matters
  • tax planning
  • financial statements
  • complex accounting issues
  • to interact with financial advisors and/or banks

CPAs are very important to your business, but you have to understand that their expertise is usually in taxes and they may or may not have QuickBooks expertise.

Hiring a Outsourced Bookkeeper

Bookkeepers, either full time or freelance, can be a good alternative if you find the right one, but remember: you must have time to oversee them on a day-to-day basis.  Some business owners hire a bookkeeper to help save time, only to add another management headache to their already busy lives.

You can reduce this risk by adhering to the old adage of “you get what you pay for.”  TustinTim has been engaged many times to come in and clean up messes that inexperienced bookkeepers have created. It is not a pretty sight in most cases and the root cause is  lack of accounting knowledge.

With our services you have the opportunity to upgrade the quality of your bookkeeping department while cutting costs! By using TustinTim Bookkeeping Services you can replace the wages, payroll taxes, fringe benefits, worker’s compensation insurance, employee training and management, accounting software, office space and other costs associated with an in-house employee. Your costs could be reduced up to 40%! And TustinTim can provide you with the reports you and your CPA need to verify the accuracy of your books.

Conclusion

Whichever route you elect, make sure it’s based on strategic thinking about your business’ needs.  Then do your homework by interviewing, asking questions, checking references, and finding the right person, firm or mix of several professionals to meet those needs.

For speedy results call me today at (714) 356-1912

Working at your office in Huntington Beach or from my office securely over the Internet, I am available on a weekly, monthly, quarterly, or as needed basis for a wide range of services:

  • Installation and Set-Up of QuickBooks®
  • QuickBooks® Training and Support
  • Financial Statement Preparation & Analysis
  • Create and Save Reports That Make Sense
  • Accounts Payable Help
  • Accounts Receivable Help
  • Payroll
  • Bank Reconciliations
  • Work With CPA or Accountant for Tax Return
  • Cash Flow Analysis
  • Budgets
  • Workers’ Compensation Reports
  • W-2 and 1099 Forms
  • Special “Cleanup” Project

Serving These Locations:

Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel,  Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange,  Placentia,  Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach,  Stanton, Tustin, Trabuco, Villa Park, Westminster, Yorba Linda

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