Overview
One of the most important tasks when running a small business is managing your bottom line. It can be the difference between success and failure. Accurate monthly and annual reports of financial data allow you to effectively run your company, enable you to better analyze operations, and help inform all business decisions.
If you’re ready to wave the white flag on handling your debits and credits, let Bandicoot help. You’ll regain your peace of mind–and wonder why you waited so long.
Why Hire Bandicoot for Bookkeeping?
If you’re a small-to-medium business, the thought of hiring a bookkeeper seems lofty at best, and impossible at worst. When it comes to online bookkeeping services in USA, hiring an employee to handle it may not be realistic. Still, we know that you didn’t go into business to become a bookkeeper. Your time is too valuable for virtual bookkeeping services in USA. Bandicoot can be your on-staff bookkeeper, and give you the time to do what you do best.
Simply put: Bookkeeping can’t be an afterthought, as tempting as it may be when all of life’s other demands come calling. Ask yourself: Can you afford your own hourly rate if you were to take time away from other pressing matters to handle your own bookkeeping? Can you afford to correct mistakes made year after accruing year?
You may not have considered it from that perspective – but it warrants some thought. Because while you may think you can’t afford to hire a bookkeeper, you’re technically costing yourself whatever your hourly time is worth every time you sit down to handle a task that could be delegated to someone, often surprisingly, more affordable than you think.
Simply put: Bookkeeping can’t be an afterthought, as tempting as it may be when all of life’s other demands come calling. Ask yourself: Can you afford your own hourly rate if you were to take time away from other pressing matters to handle your own bookkeeping? Can you afford to correct mistakes made year after accruing year?
You may not have considered it from that perspective – but it warrants some thought. Because while you may think you can’t afford to hire a bookkeeper, you’re technically costing yourself whatever your hourly time is worth every time you sit down to handle a task that could be delegated to someone, often surprisingly, more affordable than you think.
What is the difference between a bookkeeper and an accountant?

A bookkeeper
A bookkeeper is focused on day-to-day transactions like paying bills, monitoring your cash flow, reconciling your accounts, and preparing reports.

An accountant
Consult an accountant for tax advice, certified audits, and a more high-level analysis of your business’s overall financial health.

What does a Bandicoot
Bookkeeper do?


Pay client’s bills
weekly

Reconcile bank
statements

Journal and data
entry (coding)

Provide clients
with weekly &
monthly reports

Accounts
receivable aging
(weekly)

Accounts payable
aging (weekly)


Monthly aging
(monthly)

Income
statement /P&L
(monthly)

Statement of cash
flow (monthly)

Balance sheet
(monthly)

Budget to
actual (monthly)

Other custom reports
(for an additional cost)


Maintain and
manage the
chart of accounts

1099 preparation
(may include an
additional fee)

Process payroll by working with
a verified vendor to set up the
payroll account, and then they
schedule and process payroll.

Debit/credit
card reconciliation

What does a Bandicoot
Bookkeeper do?


Pay client’s bills
weekly

Reconcile bank
statements

Journal and data
entry (coding)

Provide clients
with weekly &
monthly reports

Accounts
receivable aging
(weekly)

Accounts payable
aging (weekly)


Monthly aging
(monthly)

Income
statement /P&L
(monthly)

Statement of cash
flow (monthly)

Balance sheet
(monthly)

Budget to
actual (monthly)

Other custom reports
(for an additional cost)


Maintain and
manage the
chart of accounts

1099 preparation
(may include an
additional fee)

Process payroll by working with
a verified vendor to set up the
payroll account, and then they
schedule and process payroll.

Debit/credit
card reconciliation