What is Full-Service Bookkeeping?
Full-service bookkeeping is a comprehensive solution that handles all aspects of your business’s financial recordkeeping – from daily transactions to month-end reporting and year-end tax prep. It combines traditional bookkeeping with deeper financial support, giving you a clearer picture of your business health.
Unlike a basic bookkeeper who might only enter data, a full-service bookkeeping provider offers an end-to-end solution. This typically includes:
- Accounts payable (A/P)
- Accounts receivable (A/R)
- Bank and credit card reconciliations
- Payroll processing
- Monthly financial statements
- General ledger maintenance
- Tax preparation support
In short, full-service bookkeeping means your books are always accurate, current, and ready for your CPA, lender, or investor.
What Does Full-Service Bookkeeping Include?
- Transaction Recording:
Every invoice, payment, deposit, and expense is accurately categorized and recorded. - Reconciliations:
Monthly matching of bank and credit card statements to ensure your numbers are correct and complete. - Payroll and Tax Compliance:
Ensure payroll is processed correctly, including tax withholdings and quarterly filings. - Financial Reports:
Regular delivery of P&L statements, balance sheets, and cash flow reports to guide decision-making. - Support During Tax Season:
Your books are delivered in a CPA-ready format, so filing taxes becomes faster and more affordable. - Catch-Up and Cleanup Services:
Behind on your books? Full-service teams can bring you current – whether you’re months or years behind.
Test Case Example
A multi-location restaurant owner juggles vendor payments, tips, payroll, and fluctuating sales. Doing the books manually has led to late payments and missed tax filings.
They switch to a full-service bookkeeping plan through RemoteBooksOnline. Within two weeks, payroll is automated, vendor bills are tracked properly, and they receive a clean P&L every month. Their CPA is looped in directly – and tax prep costs drop by 30%.
Benefits of Full-Service Bookkeeping
- Saves 10-15 hours/month for business owners
- Minimizes IRS and state tax issues
- Offers real-time financial clarity
- Scales with your business
- Reduces tax prep costs with CPA-ready books
FAQs
Is full-service bookkeeping the same as hiring an accountant?
No. An accountant typically handles tax filings and financial strategy. A full-service bookkeeper keeps your books clean and updated all year round.
Do I need full-service if I use accounting software like QuickBooks?
Yes. Software needs a human to input, reconcile, and interpret data. Full-service bookkeeping ensures it’s done right.
What if I’m behind on my books?
Full-service plans can include catch-up bookkeeping to bring you current – even if you’re years behind.
Final Thoughts
Full-service bookkeeping isn’t just for large companies – it’s for any business owner who wants reliable financial visibility, fewer headaches, and more time to grow. RemoteBooksOnline offers professional full-service bookkeeping at an affordable monthly rate, backed by QuickBooks experts and CPA-ready reporting.
Get your finances on track with RemoteBooksOnline’s full-service bookkeeping. Start your free month today.
Want to understand what a full-charge bookkeeper does? Our Full‑Charge Bookkeeper guide explains their role-from managing daily finances to preparing reports-for seamless financial control.
Want to know what virtual bookkeepers handle? This virtual bookkeeping services guide outlines everything from transaction management to monthly reporting.
Looking to simplify your financials? This outsourced bookkeeping guide walks you through the process-from onboarding to ongoing support-so you know exactly what to expect.
