The Importance of Catch Up Bookkeeping for Business

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I have worked with MJC for well over a year. Megan, Jessica and Todd seem to always make themselves available for me and my clients needs at the drop of a hat!! I have referred a number of clients, from all over the country, to MJC and they are very happy with the services and the work they provide. As a business advisor, it is great to have a team that delivers a high level of service for me and my clients. I absolutely will continue to recommend MJC!

Jay Cash

Owner, Jay Cash

The Importance of Catch Up Bookkeeping for Your Business

Running a business is no easy task. From managing employees to serving customers, there are countless responsibilities that demand your attention. However, one aspect that often gets overlooked is bookkeeping. Neglecting your financial records can lead to serious consequences, including tax penalties, poor cash flow management, and missed opportunities for profit and savings.

That’s where a skilled bookkeeper comes in. A bookkeeper can help you clean up your business’s books and ensure that your financial records are accurate and up to date. By organizing transactions, reconciling accounts, and creating precise financial statements, they provide you with an accurate snapshot of your business’s financial health.

The Benefits of Catch Up Bookkeeping

Catch up bookkeeping offers several benefits for your business:

Accurate Financial Snapshot: By cleaning up your books, you gain a clear understanding of your business’s financial position. This knowledge allows you to make informed decisions, identify areas for improvement, and seize opportunities for growth.
Tax Compliance: Accurate and organized bookkeeping is crucial when it comes to tax preparation. Clean books ensure that you claim all eligible deductions and credits while minimizing the risk of an audit.
Improved Cash Flow Management: Messy books can make it challenging to track your cash flow effectively. By cleaning up your books, you gain insights into your revenue and expenses, enabling you to manage your cash flow more efficiently.
Better Financial Decision-Making: With accurate financial records at your disposal, you can make data-driven decisions that drive the success of your business. Whether it’s evaluating new investments or assessing the profitability of different products or services, clean books provide the foundation for sound decision-making.

How a Bookkeeper Can Help

A bookkeeper can assist you in various ways when it comes to cleaning up your business’s books:

Categorizing Transactions: A bookkeeper will review each transaction and ensure that it is correctly categorized. This step helps organize your financial records and simplifies the process of generating accurate reports.
Reconciling Accounts: Reconciliation involves comparing your financial records with external sources such as bank statements or credit card statements. A bookkeeper will identify any discrepancies and rectify them promptly, ensuring that your records are accurate.
Creating Financial Statements: Financial statements provide an overview of your business’s financial performance. A bookkeeper will generate these statements, including the income statement, balance sheet, and cash flow statement, giving you a comprehensive view of your finances.

Conclusion

In conclusion, catch up bookkeeping plays a vital role in maintaining the financial health of your business. By enlisting the help of a skilled bookkeeper, you can ensure that your books are accurate, organized, and compliant with tax regulations. With clean books at your disposal, you’ll be well-equipped to make informed decisions that drive the success of your business.

If you’re interested in learning more about catch up bookkeeping or need professional assistance with cleaning up your books,

Call Today 904-417-8970 – MJCBookkeepingServices.com

      
   MJC Bookkeeping & Accounting Services
   16 Google reviews 
  Write a review 
  
 
 
   
 
 
        
   Dana Shearon 
 2023-11-08
 
 
  Megan is on top of her game.  I appreciate her reminders of things that I need to be completed.  Hiring her was one of the best things that we have done.
  
 
       
   Matthew Shearon 
 2023-11-08
 
 
  Very nice and knowledgeable in her field. Proud to call her our book keeper.
  
 
       
   Chad McQueen 
 2023-11-08
 
 
  Excellent service, superb experience, and very responsive and pleasant to work with. Highly recommended!
  
 
       
   Leniesha Norwood 
 2023-09-06
 
 
  I utilized MJC Bookkeeping for my business and was so happy with the service I received.
Megan was thorough, precise, trustworthy, and knowledgeable in everything she did for my business. I’m grateful she was able to get me caught up on the books because of my time constraint and being new to QuickBooks. I highly recommend MJC bookkeeping for your business needs, especially if you need to get caught up and are lost in QuickBooks! She will take great care of your books. If you’re looking for a phenomenal bookkeeper, don’t hesitate to hire MJC!
  
 
       
   Derek White 
 2023-08-29
 
 
  Megan and the team at MJC have gone well beyond my expectations. Their communication is second to none. I would highly recommend them - especially for start-ups and mid-size companies.
  
 
       
   Alex Scharf 
 2023-08-17
 
 
  We have been working with Megan and Jessica for almost two years now... and it has been a great experience! They are responsible for our accounts receivables and it has lifted a big weight off of us. Jessica also handles our collections with professionalism. And with that, we have seen a substantial reduction in our accounts receivables. Thanks to their help and support, we can focus on building other aspects of our business, with peace of mind. I highly recommend the MJC Bookkeeping & Accounting Services team.

Alex Scharf,
Director
Now Closings, Inc.
  
 
       
   Jay Cash 
 2023-08-01
 
 
  I have worked with MJC for well over a year.  Megan, Jessica and Todd seem to always make themselves available for me and my clients needs at the drop of a hat!!  I have referred a number of clients, from all over the country, to MJC and they are very happy with the services and the work they provide. As a business advisor, it is great to have a team that delivers a high level of service for me and my clients.  I absolutely will continue to recommend MJC!
  
 
       
   Hanna Wise 
 2023-06-30
 
 
  I've worked with Todd for the past 3 years in a professional capacity.  He has offered me excellent advice in difficult situations with customers, coworkers, and guided me through difficult situations.  I have appreciated his attention to detail and eagerness to understand a situation before giving advice.  I truly believe much of my success is in part because of his guidance.
  
 
       
   Jaguar Office 
 2023-06-27
 
 
  Our office is so thankful for the work, guidance and dedication that Megan and Todd have shown to us in the past few months. Our accounting was turned upside down and our office procedures and scheduling needed a lot of work. Things are getting on track with their help and constant attention to detail. Thank you!
  
 
       
   Travis Smithers 
 2023-03-15
 
 
  Partnering with Megan at MJC Business Management has been one of the best business decisions I have made to date. She is knowledgeable, organized and detail oriented. She has given me the ability to focus on the parts of my business that I am really good at!

I highly recommend MJC Management! You can’t put a price on piece of mind.

We will treat your business like it's our own...

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