Frequently Asked Accounting Questions
How can a bookkeeper help keep my business finances organized?
A bookkeeper can maintain your financial records, track transactions, reconcile accounts, and prepare financial statements that give you a clearer picture of your business. We provide professional bookkeeping services designed to keep your records accurate, organized, and up to date.
Can a bookkeeper help me prepare financial statements?
Yes. Financial statement preparation is an important part of professional bookkeeping. We can organize your financial information and prepare clear statements that show your current financial position and performance. We can also analyze your statements to help identify areas that may need attention or improvement.
Can a bookkeeper help me understand where my business is spending money?
Yes. Accurate bookkeeping provides a detailed record of your business expenses and cash flow. We can organize and analyze your financial information to help you identify spending patterns, monitor expenses, and make more informed financial decisions.
What financial records should I keep for my business?
Businesses should maintain organized records of their income, expenses, transactions, payroll, invoices, receipts, bank statements, and other important financial activity. Keeping complete and accurate records makes it easier to monitor your finances, prepare financial statements, and understand how your business is performing.
What business structure is most appropriate for my company?
There are several common business structures, including:
- Sole proprietorships
- Partnerships
- Limited liability companies (LLCs)
- Corporations
Each structure has different considerations for business owners. We provide incorporation and new business advisory services to help you understand your options and determine which structure best suits your company’s needs and goals.
Is it difficult to change Hendrickson & Associates LLC bookkeepers? How do I do so?
No. The whole process is actually a lot easier than you may think! Once you find a new bookkeeper that you like, you or your bookkeeper can send a takeover letter to your former bookkeeper. This will allow all your files and information to be released and taken over by your new bookkeeper
How do I schedule a consultation with Hendrickson & Associates LLC?
Contact us now at (503) 701-6498 or through our online contact form. One of our agents will be in touch with you as soon as possible!