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Bookkeeping Georgia

Bookkeeping, the record keeping of the monetary aspects of a business, is an important part of each and every business in Georgia. There are three options for bookkeeping in Georgia: hiring an outside firm, using an online accounting program, and doing the bookkeeping yourself.
1. Local Companies
2. Bookkeeping Overview
3. Bookkeeping for Small Businesses in Georgia
4. Accounting Software
5. Featured Local Company

1. Local Companies

The Mencer Group, LLC
770-315-0008
7081 Glen Cove Lane
Stone Mountain, GA
MAIDCARE CLEANING SERVICES
770-980-4290
2131 KINGSTON CT. SUITE 109
MARIETTA, GA
small business enterprise
770 455-0022
3070 presidential parkway
atlanta, GA
Basic-Unit Design
404-625-6039
632 Atwood St.
Atlanta, GA
Legal & Financial Services
1-800-844-2951
933 PEACHTREE ST
ATLANTA, GA
Pearce Richards, LLC CPA
678-458-9894
3535 Golfe Links Drive
Snellville, GA
Your Accounting
770-717-0088
479 Loma Street
Lilburn, GA
BriteStaff
678-252-6611
10 Glenlake Parkway
Atlanta, GA
JLR & Associates
404 634 0011
2469 Circlewood Rd
Atlanta, GA
HLB Gross Collins, PC
770-433-1711
2625 Cumberland Parkway
Atlanta, GA


2. Bookkeeping Overview

When considering the bookkeeping for your Georgia business, there are certain things you will want to keep in mind. First, you need to keep detailed records. Record every income and expense as soon as you can. This eliminates the scramble to find receipts and sales invoices when tax time rolls around.

Next, decide how you are going to keep your records. Some businesses throw all of their receipts in a file and take that file to their accounting service in Georgia. Others will keep detailed records on their computers, and use the digital record to take care of quarterly statements.

Another consideration to make when looking at your business’s bookkeeping is that there is no set rule for keeping track of your financial records. If your Georgia business is primarily internet based, you can keep track of your records through the payment processor you use. If you have a larger business that is selling at a Georgia retail store, you will have a cash register that keeps track of these records.

The important thing to remember when considering how to tackle bookkeeping tasks is that you want to make bookkeeping easy for you to do, and understand. That way when it comes time to figure taxes, you can easily pull out your accounting program or file, and you have everything you need to do your taxes. You will find as you become better at bookkeeping that keeping detailed records helps you analyze your business and decide whether or not you are reaching the level of profitability that you desire.

3. Bookkeeping for Small Businesses in Georgia

Bookkeeping for the small business has special considerations that most large businesses do not deal with. The main principle is the same with a small or large business. You need to keep detailed, timely records. However, small businesses are usually short on accounting staff. They may find that they are required to do more of the bookkeeping on their own, rather than hiring an accounting firm or accounting professional in Georgia to handle the bookkeeping themselves.

The most important thing for a small business owner in Georgia to understand about business accounting is that everything needs to be recorded as it happens. For example, if you are going to take an employee out to dinner, you need to record that receipt the same day. You cannot wait until tax time and then write down all of the employee lunches you bought. The easiest way to do this is to simply write it on the back of the receipt as soon as you pay. This is sufficient bookkeeping.

Small businesses also find that they benefit from hiring an outside accounting service, or certified public accountant around Georgia. These people know much more about accounting software and tax laws. They are trained to deal with money on a daily basis, and can help the small business owner stay on top of the many pieces of paperwork associated with running a Georgia business.

4. Accounting Software

Using accounting software is a great way to maximize time and minimize effort when dealing with bookkeeping for your business in Georgia. There are several popular software models out there to use. Look for an accounting software program that allows you to input your expenses and income as they come. Then, you want to be able to print out statements at whatever time frame you want, whether it is quarterly, weekly, monthly, or yearly. These statements will help you analyze your business and increase profitability.

Even if you are looking into outsourced accounting through an accounting service around Georgia, you can still benefit from accounting software. Your accountant in Georgia will appreciate the benefit of having organized data when you come with your files on the computer. If you are going to use an outsourced accounting firm, talk to the firm of your choice about which piece of software they use. If you use the same one, the accounting task will be much simpler.

If you are going to do your accounting yourself and you have a fairly simple business, you can use a simple spreadsheet to keep track of income and expenses. This will make it easy to see at the end of the year just how much money you have made and what your expenses are. Having this visual reference helps you know if you are running a profitable business in Georgia.

5. Featured Local Company

Thomas R. Hall, P.C.

404-869-6998
2941 Piedmont Road
Atlanta, GA
www.Thomasrhallcpa.com

Thomas R. Hall, P.C. is a Certified Public Accounting Firm that assists start-ups and small businesses. Tom Hall, Founder, worked for an International Accounting Firm for four years and then started an Internal Audit Department for a National Home Healthcare Company. After eight years building an accounting foundation, he started a small restaurant business that evolved into a chain consisting of three locations and over $3 MM in sales. Tom was in charge of Finance, Inventory Control, Purchasing as well as Restaurant Operations.

Based on the experience of owning a small business and meeting other small business owners, Tom came to the conclusion that there were not many Accounting Resources that the small business owner could afford.
Thomas R. Hall, P.C. is a Certified Public Accounting Firm that offers Accounting, Tax and Business-Advisory Services to both the emerging and small business market at an affordable billing rate. The firm prides itself on customer service, sound business advice, and a genuine interest in the success of their clients.



Read more about Bookkeeping

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