Accounting graphs and tablet

What is bookkeeping and who needs it?

Bookkeeping is the process of recording and organizing all financial transactions for a business. It involves tracking the money that comes into and goes out of the business, and it is a key part of the accounting process. Bookkeepers maintain complete and accurate records of all financial transactions, which can include sales, purchases, payments, receipts, and adjustments.

Effective bookkeeping helps in creating a financial roadmap for the business, aids in tax preparation, and is crucial for budgeting and financial analysis. It's a foundational accounting function that supports all other financial management processes.

Frequently Asked Questions

Everyone in business….

  1. Small Businesses: Small business owners often need bookkeeping to manage their day-to-day financial transactions, understand their financial position, and make informed business decisions.

  2. Large Corporations: Larger companies also require bookkeeping to ensure that all financial transactions are accurately recorded and that they can report their financial status to stakeholders.

  3. Non-Profit Organizations: Non-profits need bookkeeping to track their donations and expenditures and to report to their board of directors and regulatory bodies.

  4. Individuals: Some individuals, especially those who are self-employed or have complex financial situations, may also need bookkeeping services to manage their personal finances.

  5. Startups: New businesses need to establish good bookkeeping practices early on to ensure they have a clear understanding of their financial trajectory and to make sure they are following tax laws.

  6. Service Providers: Professionals such as doctors, lawyers, and consultants may require bookkeeping to track their income and expenses and to simplify the process of filing taxes.

  7. Tax Professionals: They often work closely with bookkeepers or may provide bookkeeping services themselves to ensure that their clients' financial records are tax compliant.

  8. Freelancers and Contractors: These individuals need to maintain records of their income and expenses for tax purposes and to manage their business finances.

Our specialty lies in empowering the Transportation & Logistics Industry; whether truckers—owner-operators and fleet owners—as well as Service-Related Businesses grossing over $50,000 a year. If you’re struggling with financial management, from incomplete bookkeeping, inaccurate payroll or Tax issues, we’re here to guide you. Trust an experienced accountant to help you navigate these challenges, so you can focus on growing your business.

Bookkeeping for Truckers

 As a fellow owner-operator and accountant that provides bookkeeping services, Michelle and her team understand trucking life. From understanding per diem to managing fuel costs, to booking and factoring loads, we’ve got you covered. Trust someone who knows both the road rules and the accounting rules, making your financial journey smoother. Click here for more information. 

Bookkeeping for Service-Related Businesses… 

Trust an accountant who knows the ins and outs of your industry to help you streamline your financial operations. From accurate expense tracking to timely invoicing, our bookkeeping services help you stay on top of your numbers, so you can focus on what you do best: serving your clients. Go to the next question for the service-related industry that we specialize in.

  • Day Care Centers

  • Building Contractors

  • Entertainment Services

  • Salons and Barbershops

  • Not-for-Profits

  • Photographers

  • Professional Marketers

  • Health & Medical Professionals

  • Real Estate Agents

  • Event Planners

  • Cleaning Services

  • Pet Care Services

  • Fitness Trainers

  • Tutors & Educational Services

  • Graphic Designers

  • Catering Services

  • Legal Professionals

Rest assured, no matter your sector, our breadth of knowledge ensures we can provide the specialized support you need.

Our expertise at MC Accounting & Tax Services might be deeply rooted in the trucking and logistics industry, as well as service-oriented businesses like day care centers, salons, and health professionals, but our capabilities extend far beyond these niches. We understand that your business might not fit neatly into these categories, and that’s perfectly fine. Our diverse team of seasoned professionals is well-versed in a variety of industries, including e-commerce and nonprofit organizations, among others. 

Accounting Services include, but not limited to:

• CFO Services
• 1099 Processing
• Accounts Payable
• Accounts Receivable
• Audit Preparation
• Bank & Credit Card
• Reconciliations
• Bookkeepping
• Budgeting
• Payroll
• QuickBooks Set-up
• QuickBooks Training
• Tax Preparation

You can customize the package of services you receive by adding payroll, tax preparation or any of our other services. Schedule a free consultation:

We also offer Payroll, QuickBooks training and eBooks.

Do You Have Any Questions or Ready To Hire Us For Services?


Virtual Accounting Services in all 50 states

MC Accounting & Tax Services offers accounting services in all 50 states

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