Bookkeeping Made Simple
SimpleBooks
SimpleBooks provides expert bookkeeping services for small business owners. We organize financial records, track expenses, and ensure compliance, offering clear financial insights. This allows you to make informed decisions and focus on business growth, enhancing your financial health efficiently.
8 Ways Bookkeeping Can Help Your Business
1. Corporate Veil Protection:
Maintaining separate financial records for your business substantiates the corporate veil, which is crucial for limiting personal liability. It shows that your business is a distinct entity, which is necessary for legal and financial protection (Ramsey Solutions) (FlyFin).
2. Tax Savings:
Good bookkeeping ensures accurate records, which helps in identifying all possible tax deductions and credits. This can significantly reduce your tax liability and make tax preparation much easier (QuickBooks) (FlyFin).
3. Audit Protection:
Accurate and organized financial records improve your chances of surviving an IRS audit without major issues. When business and personal expenses are commingled, the IRS often disallows many expenses, which can lead to higher tax liabilities and penalties (QuickBooks) (Ramsey Solutions).
4. Reduced Stress and Improved Sanity:
Running a holiday sale or weekly special? Definitely promote it here to get customers excited about getting a sweet deal.
5. Improved Decision-Making:
With accurate financial records, you can make informed decisions about your business operations. Proper bookkeeping provides insights into your expenses, revenues, and overall financial health, helping you plan for the future effectively (LYFE Accounting) (Susan Lewis CPA).
6. Better Business Analysis:
Detailed financial records allow for thorough business analysis. This analysis helps in understanding various aspects of your business performance, identifying strengths and weaknesses, and making necessary adjustments for improvement (LYFE Accounting) (QuickBooks).
7. Attracting Investors:
Clear and concise financial records make it easier to show your business's value to potential investors. Investors are more likely to invest in a business with organized and transparent finances, as it reduces their perceived risk (QuickBooks) (Bench Accounting).
8. Improved Cash Flow Management:
Proper bookkeeping helps track invoices, manage receivables and payables, and ensure timely payments. This improves your overall cash flow, making it easier to manage day-to-day operations and plan for future expenses (Susan Lewis CPA) (QuickBooks).
Your Business. Your Hustle. Your Passion. Made Professional.
Independent Contractors
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
- The Challenge:
- Independent contractors often juggle multiple clients, inconsistent income, and tracking business expenses. This disorganization can cost them $2,000–$4,000 annually in missed deductions.
- How We Help:
- Keep income and expenses organized across multiple clients.
- Maximize deductions like home office, travel, and equipment costs.
- Save you thousands annually while simplifying tax preparation.
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
- The Challenge:
- Barbers and stylists struggle with tracking daily cash flow, inventory, and expenses for tools and supplies. This disorganization can cost them $3,000–$6,000 annually in missed deductions.
- How We Help:
- Organize financial records for supplies, rent, and marketing expenses.
- Ensure deductions like professional training, tools, and equipment are fully optimized.
- Save you time and up to $6,000 in tax benefits.
Legal and Medical Professionals
Health & Beauty Professionals (Barbers, Stylists, Estheticians)
Legal and Medical Professionals
- The Challenge:
- Lawyers, doctors, therapists, and other professionals in these fields juggle complex expenses such as continuing education, office rent, and specialized tools. Poor bookkeeping can result in missed deductions of $5,000–$10,000 annually.
- How We Help:
- Organize expenses for professional licensing, education, and practice-related costs.
- Maximize deductions for office space, software, and supplies.
- Save you time and ensure your finances are audit-ready, letting you focus on serving your clients or patients.
Freelancers and Creatives
Over 15 Businesses Supported, Including:
Legal and Medical Professionals
- The Challenge:
- Managing irregular income, multiple income streams, and deductible expenses is overwhelming. Many freelancers miss $2,500–$5,000 annually in deductions.
- How We Help:
- Organize income and expenses for clarity.
- Ensure you claim all eligible deductions like software, equipment, and travel.
- Save time and up to $5,000 annually while staying tax-ready.
Real Estate Agents
Over 15 Businesses Supported, Including:
Over 15 Businesses Supported, Including:
- The Challenge:
- Real estate agents spend $10,000+ annually on marketing, travel, and office costs but often miss $3,000–$7,000 in deductions.
- How We Help:
- Track and optimize deductions like mileage, client meals, and advertising expenses.
- Provide clear records for commissions and split payments.
- Keep you organized and audit-ready, saving thousands every year.
Over 15 Businesses Supported, Including:
Over 15 Businesses Supported, Including:
Over 15 Businesses Supported, Including:
- Freelancers and Creatives (Photographers, Writers, Designers)
- Real Estate Agents and Brokers
- Health & Beauty Professionals (Barbers, Stylists, Estheticians)
- Legal Professionals (Lawyers, Paralegals)
- Medical Professionals (Doctors, Therapists, Private Practices)
- Independent Contractors (Tradespeople, Developers)
- Hospitality Entrepreneurs (Café and Food Truck Owners)
- E-commerce and Online Sellers
- Personal Trainers and Fitness Coaches
- Consultants and Coaches
- Tattoo Artists
- Content Creators and Influencers
- Event Planners (Wedding Planners, Corporate Event Coordinators)
- Small Retail Business Owners (Boutique Owners, Craft Sellers)
- Nonprofit Organizations
SimpleBooks Services Offered:
Bookkeeping
Financial Reporting
Expense Tracking
- Comprehensive bookkeeping service for accurate and organized financial records.
- Management of all bookkeeping tasks, including transaction recording and account reconciliation.
- Provides precise and up-to-date financial information.
- Allows you to focus on your business while we handle financial complexities.
Expense Tracking
Financial Reporting
Expense Tracking
- Meticulously track all business expenses to optimize spending and identify savings.
- Categorize and monitor each expense for better financial control.
- Maximize tax deductions through accurate expense tracking.
- Improve financial management by gaining control over financial outflows
Financial Reporting
Financial Reporting
Financial Reporting
- Provides detailed and insightful financial reports, including profit and loss statements, balance sheets, and cash flow statements.
- Offers a clear and comprehensive view of your business's financial health.
- Enables informed decision-making and future planning.
- Demonstrates financial stability to investors and lenders.