Answers to the Most Common Questions About Bookkeeping Services for Small Business

March 2, 2020 at 5:00 AM
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Running a small business can be amazingly fulfilling and entirely overwhelming at the same time. Bluefire Accounting wants to take some of the overwhelm off your plate. If you’re bogged down with bookkeeping and accounting duties, we offer bookkeeping services for small businesses so you can let go of your books and get back to your business. We’re answering some of the most common questions we get so you can have a better idea of how we can help your business succeed. 

Do I Need a Bookkeeper and an Accountant?

Yes, because, for the most part, these two positions do very different things. Bookkeepers are responsible for the ongoing maintenance of your general ledger, while your accountant acts as more of an advisor by analyzing financial data and providing tax planning strategies and advice. 

Your bookkeeper will address:

  • Compiling data daily
  • Categorizing expenses 
  • Reviewing the GL for accuracy
  • Reconciling bank statements
  • Generating financial statements

Some comprehensive bookkeepers will offer payroll services, including payroll tax filing.

Do I Have to Clean Up My Books First? 

That’s part of Bluefire’s service. There’s no point in hiring a company if you have to spend a ton of time making your books look pretty. We offer catch-up bookkeeping services, too, so don’t let feeling ashamed that you’re behind keep you from calling. We see it all the time! There’s nothing to be embarrassed about. We can set up the industry-specific general ledger that best fits your needs to get and keep you organized. 

Does Bookkeeping Make Tax Time Easier? 

The right bookkeeper can make tax time far less stressful because everything you need will be in order and easy to understand. There isn't a messy pile of papers hiding big, negative surprises to jump out at you. When it’s time to go see your accountant or do your taxes on your own, you won’t have to scramble for lost or missing information. This helps many business owners pay their taxes on time and avoid penalties. 

What Bookkeeping Services for Small Business Does Bluefire Accounting Offer?

We offer the services our customers need so they can get back to the business of growing their business. We can provide:

  • Catch-up bookkeeping
  • Payroll setup
  • Cash flow management
  • Bank reconciliation
  • Xero Cloud accounting
  • General Ledgers

Payroll Tax Filing

We offer the filing of W2’s and 1099s to help businesses make federal and state deadlines. There are more 1099 workers than ever before, so it’s crucial to get payroll forms filed correctly. We help you identify who is considered a contractor and who isn’t. The deadlines for sending these forms to the employee are different than they are to the government. We keep you on time every step of the way. 

No Middleman 

When you work with Bluefire Accounting, you’ll be working closely with our owner, Neha. We’ve set it up this way so there are no misunderstandings or delays in communication. You’ll have complete transparency and access to an extremely efficient and prompt professional. 

We are equipped to help businesses at any stage.  We love working with startups, getting them up and running quickly, and setting them up for success right out of the gate. Growing businesses are our specialty, too. They may not realize they’ve outgrown their current tools and systems, so we go in, do a refresh, and ensure they’re operating at optimal levels. 

If you’re ready to talk more about bookkeeping services for small business, contact us here, call 877-571-4777, or email info@bluefireaccounting.com. We look forward to helping you get your mind off your books and back on your business!