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Bookkeeping Services
What Bookkeeping System Should I Use for My Business?
Should I do it myself or is it actually cheaper to have a professional handle it? What is cloud-based Bookkeeping and is it secure?

Our Bookkeeping Services Include:
• On-site or "cloud-based" services
• Monthly bank reconciliations
• Financial statements – management use profit and loss, balance sheets
• Adjusting journal entries and general ledger posting
• Virtual CFO accounting and advisory services
Information About Bookkeeping for New Business Owners
Bookkeeping is the recording of daily financial transactions. Transactions include sales, purchases, receipts, income and payments in your business or organization. Daily routine transactions such as entering bills and recording sales are usually performed by the business owner or the staff. An accountant or independent bookkeeper can also help with this "bookkeeping" function. In the past most accountants performed the work onsite at the clients; business location, but more and more accountants today are providing these services remotely.

The accounting system can be maintained on the computers located at the client's business location, at the CPA office's location or "in the clouds". In all three cases, the bookkeeping files can be retrieved remotely and securely.

The "accounting process" is not the same as the day to day bookkeeping and it is usually performed by a CPA at various intervals. The CPA creates reports from the recorded financial transactions recorded by the bookkeeper, makes adjustments as required in the set of books and prepares tax forms for government agencies and reports for management based upon these set of books.

The accountant reviews this unadjusted trial balance and makes a number of adjustments and changes the balance amounts of some of the accounts. These adjustments must still follow the double-entry rule. Other adjustments such as posting depreciation, prepayments and payroll adjustments are also done at this time. This results in a listing called the adjusted trial balance. It is the accounts in this list and their corresponding debit or credit balances that are used to prepare the income statement and balance sheet (and possible a cash flow and retained earnings statement).

To learn more about using bookkeeping in your business, contact Rosedale & Drapala, CPAs.
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516-783-1515
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ROSEDALE & DRAPALA • LONG ISLAND CPA FIRM • 2001 GROVE STREET • WANTAGH • NEW YORK 11793 • 516-783-1515

Copyright 2012 © Rosedale & Drapala, Long Island NY CPAs. All Rights Reserved.

Rosedale & Drapala is a New York CPA and Long Island CPA firm that provides a wide variety of small business accounting, corporate tax and individual tax preparation services. Our 1040 tax clients are located in towns throughout Long Island like East Meadow, Merrick, Baldwin, North Bellmore, Wantagh, Massapequa Park, Bellmore, Seaford, Westbury, Levittown, Hempstead, Freeport, Commack, Lindenhurst, Glen Cove, Massapequa, Roslyn, Manhasset, Hicksville, Garden City, Syosset, Great Neck, Woodbury, Valley Stream, East Hills, Huntington, Huntington Station, Melville, Plainview, Deer Park, Copiague, and more. While we provide CPA business accounting services in Nassau County and Suffolk County, Rosedale & Drapala also provide business tax services for our clients located throughout the tri-state area including New York City, Queens and Staten Island.