Service
Bookkeeping and accounting
Bookkeeping means recording the business's income and expenses based on source documents. Each month we collect the documents, record the transactions, reconcile the accounts and prepare the figures your tax returns are built on.
2026 examples. Figures, rates and dates on this page change by year; check current IRS and state guidance before you rely on them.
What the service covers
- 01Recording sales, purchases, bank and credit card activity
- 02Monthly bank and credit card reconciliations
- 03Accounts receivable and accounts payable review
- 04Cash or accrual basis bookkeeping
- 05Monthly profit and loss statement and balance sheet
- 06Year-end closing and record retention
How does monthly bookkeeping work?
You send documents during the month or at month end. Transactions are matched to invoices and receipts, bank activity is categorized, and a list of missing items goes back to you the same day.
When the books are complete, every account is reconciled. If a balance looks wrong, we find the cause before a return is filed, not after.
How long should records be kept?
The IRS asks you to keep records that support a return for as long as that return can be examined, which is generally three years and longer in some cases. Employment tax records have their own minimum period, and records kept in software or the cloud follow the same rules.
Because retention is tied to examinations and the statute of limitations, good record keeping protects you for years after the return is filed.
Related calculators
Related guides
How long to keep tax records for your businessIRS record retention periods for business tax records: the 3, 4, 6 and 7 year rules, property records, payroll records and how to store files electronically.
Cash vs. accrual accounting: which method fits your businessHow the cash and accrual methods record income and expenses, who can use the cash method, and what it takes to change methods with the IRS.
Meeting
Call to talk about bookkeeping and accounting for your business. Bringing the documents listed here to the first meeting makes the review easier.