What’s Included in Monthly Bookkeeping?

You’ve heard that outsourcing your bookkeeping can save you time and money – but what do monthly bookkeeping services actually include? What tasks are covered? And what should you expect each month?

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This blog walks through what’s included in professional monthly bookkeeping services and how they support your business from day one.

Core Services Included in Monthly Bookkeeping

1. Transaction Categorization

Every purchase, payment, deposit, and transfer is recorded and categorized correctly – by expense type, income stream, or class.

2. Bank and Credit Card Reconciliation

Each month, your accounts are matched against your bank statements to ensure no errors, duplicates, or missing entries.

3. Accounts Payable and Receivable Tracking (Optional)

For businesses that invoice or receive vendor bills, monthly bookkeeping can track what’s due, what’s owed, and what’s overdue.

4. Payroll Recording

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If you run payroll, your provider will record wages, taxes, and benefit payments in your general ledger.

5. Sales Tax and Deductions Support

Track state/local sales tax collected and deductible expenses – critical for accurate year-end reporting.

6. Monthly Financial Reports

Every month, you receive:

• Profit & Loss (P&L) Statement
• Balance Sheet
• Cash Flow Statement

These reports help you track performance, plan budgets, and prepare for tax season.

Optional Add-Ons (Offered by Some Providers)

• Class/location tracking by property or project
• Inventory tracking (for retail or ecommerce)
• Receipt capture and attachment
• Audit prep and year-end reviews
• Cleanup or catch-up bookkeeping

Need catch-up support? Check out QuickBooks cleanup services from RemoteBooksOnline.

What’s Not Included in Monthly Bookkeeping?

Monthly bookkeeping is not the same as:

• Tax filing or IRS representation
• Strategic financial planning or forecasting
• Legal compliance or audit defense
• In-depth budgeting (unless requested)

Those are typically handled by your accountant or CFO.

Test Case: Consultant Gains Visibility and Control with Monthly Bookkeeping

Business: Solo marketing consultant with multiple clients and recurring income

Problem: Struggled with categorizing expenses, tracking invoices, and had no reports before tax time.

Solution: Signed up for monthly bookkeeping with RemoteBooksOnline.

Results:

• Monthly P&L reports helped track client profitability
• Sales tax and expenses tracked automatically
• Clean books ready for tax season in advance

Frequently Asked Questions

How often are my books updated?
Most services work weekly and provide reports monthly. Daily tracking may be available depending on volume and plan.

What software is used?
QuickBooks Online is most common. We work inside your existing account or help you set one up.

Can I see my reports anytime?
Yes. At RemoteBooksOnline, we provide monthly reports and maintain real-time access to your books.

What if I fall behind?
We offer catch-up bookkeeping to bring you current quickly.

Monthly Bookkeeping That Actually Works for You

Clean books, accurate reports, and CPA-ready records – every month. RemoteBooksOnline offers full-service monthly bookkeeping with flat pricing, fast onboarding, and expert support.

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