Bookkeeping
Bookkeeping Solutions For Small & Midsized Businesses & Personal Finances
By the Book Accounting & Tax Solutions provides expert bookkeeping services for businesses of all types. As a full service bookkeeping firm, owned and operated by Angela Bruce - a seasoned professional working with businesses of all sizes, we specialize in both in-person and virtual bookkeeping services.

Reconciliations - Bank & Credit Card
A bank reconciliation is used to check bank transactions in your accounting software against the real bank statement. This ensures every deposit or withdrawal in the bank account is also processed in your accounting software and that the values match exactly.
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​Credit card reconciliation is the process of comparing the transactions in a credit card statement to the company's ledger to ensure and support accurate bookkeeping.
Our Approach
When reconciling bank and credit cards the process in the beginning takes time to set up the correct access to accounts to cut down on the back and forth questions. This allows less time for owners to have to research and take their important time away from the day to day business activities. Then moving forward month to month is seamless.

Payroll
Payroll is the compensation a business must pay to its employees for a set period or on a given date. It is sometimes managed in-house by your company, but very often it is outsourced to specialized firms that handles paycheck processing, employee benefits, insurance and accounting tasks, such as tax withholding.
Angela says:
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Recording and processing payroll is very tedious and needs to be handled by a professional. Businesses are at risk if payroll is not handled accurately and paid timely. It is never easy to backtrack on payroll. The penalties and interest on improper payroll handling can be extremely high and daunting.

Account Receivables, Account Payables
Accounts Payable (also referred to as AP) is an account on your company’s general ledger that represents an obligation to pay off a debt to creditors or suppliers. In short, it’s the money owed by your business to third parties.
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Accounts receivable (also known as AR) refers to outstanding invoices that are owed to your company by customers. It represents a line of credit that has been extended from the client to the customer.
By the Book Accounting & Tax Solutions Approach
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To make sure clients with Accounts Receivable and Accounts Payable know the importance of keep an eye on this subject is an important business task. We approach this matter as a topic that is brought up at every meeting. It is important to watch to make sure the health of the business continues on a successful path.

Software Recommendations
Accounting software manages and records the day-to-day financial transactions of an organization, including fixed asset management, expense management, revenue management, accounts receivable, accounts payable, subledger accounting, and reporting and analytics. A complete accounting system keeps track of an organization’s assets, liabilities, revenues, and expenses. These transactions then populate the general ledger in real time, providing Chief Financial Officers, Treasurers, and Controllers immediate access to real time, accurate financial data. It also allows P&L owners visibility into their performance at the operational level.
How We Can Help...
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Our knowledge with accounting and tax software help the business in the overall goals and achieve the goals at a rate that is important for the overall growth. When research is needed to check out certain apps that can streamline certain business processes we have the knowledge to assist in the decision making. (Not super confident about this). Might need to discuss.