Jengar Bookkeeping Solutions

Frequently Asked Questions on Bookkeeping

Bookkeeping is the process of recording and maintaining financial transactions, including income and expenses, in a systematic and organized way to provide reports to make better financial decisions.

A bookkeeper is responsible for maintaining accurate financial records, including reconciling bank and credit card statements, creating financial reports, and ensuring that financial transactions are recorded in a timely and accurate manner.

Bookkeeping is the process of recording and maintaining financial transactions, while accounting is the process of interpreting, classifying, analyzing, reporting, and summarizing financial data.

Common bookkeeping software includes QuickBooks, Xero, and Wave.

We offer a range of bookkeeping and accounting services including bank and credit card reconciliations, providing financial statements, setup and review of accounting systems or processes, recording and reviewing monthly transactions, and budget review. (visit our website to see details of the services)

We use a secured platform to send and receive financial information. The client will have access to the individual folders with his/her own login credentials.

Yes, we are able to integrate with a variety of accounting software such as QuickBooks, Xero, and Wave. Currently, all of our clients use Quickbooks, however, we have experience using other software.

Our pricing structure is based on the volume and complexity of transactions, and the level of service required. We can provide a customized quote based on your specific needs. You can visit our website to see our packages

We will work with you to determine the frequency of financial statements and reports that best suits your needs, whether it be monthly, quarterly, or yearly.  We often times recommend providing financial statements monthly.

Yes.   We are Chartered Certified Accountant and a Fellow of a Global professional accounting body “The Association of Chartered Certified Accountants (ACCA)”, in the United States and London.  The CEO Jennifer, has over 25 years of experience and also holds an MSC in professional accountancy from the University of London and is a Certified Quickbooks Proadvisor.

Having good bookkeeping will ensure you have efficient accounting systems. This helps you manage critical components of your business.

Bookkeeping is an ongoing, integral part of your business. It is important that the work be maintained to provide you with essential reports to see the financial status of your company.

Most small and medium size business owners do not have the knowledge, time or ability to effectively perform their bookkeeping duties. Outsourcing a bookkeeper will provide you with the time required to focus on your businesses operations.

Start by calling JBS. We can organize your records, set up the chart of accounts and get your accounting and bookkeeping up and running.

There are different reasons to hire a professional bookkeeper. Some of them are as follows:

  • Your business has grown, and the bookkeeping volume and complexity is more than you can handle.
  • Your accountant’s/CPA’s rate keeps increasing each year, because of many bookkeeping mistakes.
  • You dislike keeping track of your income and expenses, tracking down invoices, statements, bills, and receipts, which is time consuming, so you keep delaying your bookkeeping on a weekly or monthly basis.
  • You’re about to go through an IRS Audit.
  • Select a simple accounting system
  • Set-up chart of accounts
  • Open business bank account
  • Keep business and personal expenses separately
  • Keep records of receipts and invoices
  • You will be able to make informed business decisions as your financial records will be current.  This will provide comfort to the stakeholders, creditors and investors.
  • The right accounting system will be identified and the chart of accounts or ledger will be set-up to ensure that transactions are correctly recorded.
  • You can manage the financial aspect of your business by reviewing and analyzing various reports, such as Profit & Loss, CashFlow and Balance Sheet Statements.
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