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Bookkeeper in North Texas
Let me tell you a story.
Once upon a time, I was asked what a bookkeeper does. I explained that I use a program called “Quickbooks” to track business transactions. The End.
Yes, that is the entire story, and it’s not very exciting, funny, or dramatic. I thought about that conversation later, and realized that I had explained the technical side of what a bookkeeper does, but not the value bookkeepers provide to businesses. In other words, what a bookkeeper really does for a business.
Well, what is it that makes a bookkeeper valuable then?
Bookkeepers ensure that all business transactions are accurately recorded. Sounds simple but what does this actually mean to the business owner.
- It means the bookkeeper may be able to legally reduce the business’s taxable income, which in turn, would reduce the tax burden owed, and paid, by the business each year.
- It means professionally created financial reports which are needed for business decisions like taking out a loan to expand, selling a portion to gain a partner, or even selling down the line to retire or move on to another adventure.
- It means someone who wants to open a business, without an accounting background, is empowered to follow that dream, and pass the least fun part of the business to a professional.
- It means that, (with all this number crunching being done by a specialist), the business owner has free time to spend growing their business, focus on why it was started in the first place, spend time on other interests or with family, and so much more!