Weekly Bookkeeping

WEEKLY BOOKKEEPING

weekly Bookkeeping Price

$400.00
​Bookkeeper Lady provides accurate bookkeeping and dedicated support for common business setups. Pricing each month is based on your current expense rate and there are no hourly charges.

​What to expect when working with BOOKKEEPER LADY

You’ll be assigned a bookkeeper who will reach out to get to know your goals within 5 business days of signing up.
  • Each month, they will reconcile your books
  • Ensure you have access to your monthly cash flow reports
  • Plus, your bookkeeper is available to answer all your questions.
When choosing Bookkeeper Lady for your Weekly Bookkeeping needs, you’ve always been able to find exceptional Bookkeeping and service. Whether you just want to ensure you haven’t missed anything or you want someone to take care of your Bookkeeping from A to Z, Bookkeeper Lady has you covered! 
As a business owner, you have more important things to do than to keep your own books. Bookkeeper Lady can help you focus on your business by providing the professional level of bookkeeping services your business needs. Bookkeeper Lady can take care of all areas of your business bookkeeping so you can get back to running your business and generating profits.

Weekly​ Bookkeeping Description

​Three Go-To Weekly Bookkeeping Financial Reports:
  1. Balance Sheet
  2. Profit & Loss (or Income) Statement
  3. Cash Flow Statement
  • ​QuickBooks Set-up – New company initial set-up of your accounting data file into QuickBooks Online.
  • Frequent updates and delivery of financial statements by the 15th of each month. (Up to 400 transactions per week)
  • Weekly "office hours" availability by phone for any questions or concerns that may come up in between monthly email updates.
  • Your own special DROPBOX or GOOGLE DRIVE folder created just for you to facilitate exchange of important documents and items for financial record-keeping purposes.​

​​Three Go-To Weekly Bookkeeping Financial Report Descriptions

​1. Balance Sheet
Of the Big Three Financial Statements, the balance sheet is the only one that shows the financial health of a company at a given moment. Instead of listing your business’s income and expenses like the P&L does, the balance sheet is a two-sided chart with three components (Assets on one side and Liabilities and Equity on the other):
​One side lists the value of what you owe (your liabilities) and any owner equity (including your retained earnings) while the other lists the value of what you own and who owes you (assets):
The total of each of the two sides of the balance sheet should show the same amount to evaluate whether your balance sheet  is properly balanced–accountants LIVE by this formula. To determine the relationship between the three amounts, accountants use a simple equation:
For corporations, the equation looks like this:
  • Assets = Liabilities + Shareholder’s Equity
And for sole proprietors and partnerships, it looks like this:
  • Assets = Liabilities + Owner’s Equity
​2. Profit & Loss Statement
The profit & loss (P&L) statement (aka income statement) shows your revenue, costs, and expenses during any given period of time. The P&L is the best view into your bottom line, or net income, which is why it’s typically used to show business lenders and investors whether your company has made or lost money during a given period.
Your business’s net income is also what will be used to determine its taxable income each year. This is calculated by subtracting your business’s expenses from its total revenue, which you can find using your P&L.  
If you are familiar with the differences between cash and accrual accounting, you can probably guess that the method you chose can really dictate the figures reported on your P&L. Because each method has its own timing for recognizing revenue (cash requires money to change hands and accrual recognizes income and expense as they are earned in real-time), the P&L for any given period will reflect different transactions or values.
​3. Cash Flow Statement
Your cash flow statement shows each and every one of your company’s incoming and outgoing transactions—how you’re spending your money and how you’re earning your income—over a period of time. The cash flow statement takes your business’s net income (from your P&L, remember?) and takes any non-cash transactions into account from operations, investing or financing activities to give you a picture of exactly what happened to company’s cash during that period.
So, if a company gets $1M in capital, but their P&L shows a net income loss of $50k during the same period, their cash flow statement will show a $950k net increase in cash for that period.
From there, your cash flow statement provides a more comprehensive view of how your business operates, where it’s making money, and how you make choices about expenses. For this reason, investors typically scrutinize the cash flow statement.
A cash flow statement accounts for three types of activities:
  1. Operations: the business functions you need to operate, including accounts receivable, accounts payable, and inventory.
  2. Investing: long-term changes to equipment, acquiring or selling assets, etc.
  3. Financing: acquiring debts, repaying loans, etc. which don’t affect your bottom line, but they do affect the amount of cash in the bank!