Frequently Asked Questions

A bookkeeper is a person employed to keep a business's records and financial affairs. Bookkeepers are responsible for some (or all) of an organization’s financial information, generally known as General Ledger. These Ledgers include balance sheets and income statements. They also record financial transactions in the form of debits or credits in the ledger and create financial reports.  They reconcile your bank statement and identify needs.  

Bookkeeping and accounting serve as separate and distinct functions in the running of a business. Bookkeeping is the function of documenting and maintaining records of transactions. Accounting, is the act of actually analyzing and interpreting the documentation and turning into meaningful data.

Payroll processing can be defined as the administrative process involving maintaining employee records, including salaries, bonuses, wages, tax withholding, and deductions. It also refers to the actual act of paying employees and maintaining payroll. 

 If you’re a freelancer, contractor, or own and operate a small business, the IRS requires that you pay Estimated Taxes four times a year. You can either calculate your payment by maki

Quarterly estimated tax deadlines each year fall on:

April 15th, June 15th, September 15th January 15th of the following year.