Bookkeeping for Business

When most people start a business, they begin with an excellent, unique idea for a product or service. They’re passionate about the quality of that product or service and providing it to the community. As they start setting up that business, however, they can get wrapped up in hiring, marketing, and finances. Sound familiar? If the financial aspect of running a business has kept you from what you’re passionate about, you need Rodahl & Company. Our experienced staff provides excellent bookkeeping for business. Learn more about our unique online bookkeeping services below.

Do you need bookkeeping for business income and expenses?

Yes. You should consider hiring professional accountants or firms that specialize in bookkeeping for business — especially for your financial longevity. At first, hiring a bookkeeper may seem unnecessary as you launch your business. In the beginning, you may be just dealing with a handful of clients, and serious bookkeeping for business may seem like you are going overboard. After all, how hard is it to add and subtract your bills and income? On the other hand, you may not know the first things about how to keep your books other than balancing your checkbook when the payments for your goods or services come in. Some business owners put off their bookkeeping until tax time, which can become a large headache for your accountant. Yet others – they muddle through – not knowing much about the financial requirements they need to adhere to to keep business afloat.

Common financial mistakes small business owners make

Inc.com states that one common mistake for small business owners is that they take on “high-priced debt,” such as credit cards, because they need the money. That is one of the key mistakes of mixing your business and personal books. When you are taking care of keeping your business doors open as well as your personal finances in check, you may also make the mistake of mixing your finances. Forbes magazine talked to several financial experts who discussed the dangers of mixing your personal and business finances. You might be surprised that experts advise business owners to keep accounts separate for several reasons, including limiting the chances of an audit. Keeping books separate also could reduce your deductions come tax time. And one more thing, the experts Forbes sought said — mixing your money makes tracking your expenses that much harder and time-consuming.

Know the tax advantages available to you

Did you know you can write off your business expenses related to advertising — even through social media and the fees associated with producing content, such as photographers and writers? You can write off professional fees you may pay to accountants or lawyers, the use of your home as your chief place of business, and even the business use of your car? Owning a small business comes with its own set of business deductions that you may want to be aware of. If you, as a small business owner, are not aware of the tax issues involving your business, you will not be able to take advantage of them come tax time. That is where a firm specializing in bookkeeping for business comes in handy. A strong accounting and bookkeeping team in your corner will be your financial coach and cheerleader, all in one. We do not feel successful unless our clients are successful. You might say we have a personal investment in your business’s survival.

Your success is our success at Rodahl & Company

At Rodahl & Company, we are staffed with bookkeepers and accountants who have years of experience in all types of industries, from retail to restaurants and from personal services to farming and ranching. No matter what you choose to do as an entrepreneur, we can help set you up for success.

In addition to our personal care of your business books, our website has plenty of resources to steer you in the right direction on a variety of topics, including cyber security, methods of paying off debt, tackling inflation, successful hiring, and surviving the myriad obstacles you will face in the business world. At Rodahl & Company, we were once a new business owner, too. Our team of accountants and CPAs has several decades of experience handling small business books. Our team has truly walked the walk, and we can help pave an easier path for your business success.

Virtual Bookkeeping for Business

At Rodahl & Company, we can provide all your bookkeeping services virtually through BOSS. BOSS stands for Back Office Support System. It’s an innovative way to keep track of all your business financials – from bookkeeping to payroll to business analytics. The best part? You don’t have to do any of the work. BOSS allows you to view and assess your books without actually doing the accounting. Our reliable accountants will manage your business’s finances remotely. You’ll be able to keep up with everything wherever you have access to the cloud.

Whether you just need accounts and transactions reconciled or you’re looking for full-service accounting, BOSS can work for you. We offer three tiers so you can get the exact bookkeeping for business services you need. With BOSS, you can keep track of payroll, accounts payable, and taxes from anywhere. All of your business’s most important financial information is available at your fingertips.

Fast and Accurate Finances

Don’t let bookkeeping responsibilities keep you from running your business. Maintaining accurate books can take up a lot of your time, especially if you don’t have a background in finance. You might be working in multiple applications and trying to keep track of cash flow, payroll, and accounts payable. This will mean pages of paperwork. By outsourcing your bookkeeping and utilizing a virtual system like BOSS, you can eliminate all of that. You’ll see all your finances in one place without sorting through piles of paperwork. With BOSS, you can also see real-time analysis of your business’s books.

Thinking about outsourcing the bookkeeping for your business? Act today. Call Rodahl & Company to learn about our bookkeeping and accounting services. Let our business help yours be as successful as possible. At Rodahl & Company, our business IS finance. We’ll help you keep your books in order so that you can dedicate your efforts to running your business.

Our Rodahl & Company Certified Public Accountants Fort Collins office is conveniently located on Timberline just north of Horsetooth Road. We have spent the last 22 years providing bookkeeping, accounting and tax preparation to clients throughout Northern Colorado. Call us to schedule your appointment: 970-207-0747.