If you run a company, you know how important small business bookkeeping is for success. That’s because having financial insights into the workings of your company is more than just an administrative task – it’s crucial for growth, decision making, and longevity. Without accurate record keeping, you won’t be able to track performance or see where the money is coming or going.

Bookkeeping can be a full-time job, and managing your finances independently can take a lot of time and effort. Thankfully, there are companies that can provide bookkeeping services for a fraction of hiring an in-house accountant.

Small Business Bookkeeping

As part of H&R Block, Block Advisors was created specifically to help small businesses thrive. They offer tax preparation, payroll, and bookkeeping services.

If you’re just starting out, they can also help with forming an entity for your business. Depending on your small business model, they can work with you to create an LLC, S Corp, C Corp, or Nonprofit.

How Can Block Advisors Help with Small Business Bookkeeping?

When you work with Block Advisors, you’ll have a dedicated bookkeeper to help with all of your financials. This frees you up to focus on assisting the people you serve and running your business.

And now, you can get your first month of bookkeeping with Block Advisors free with the code BKFREE!**

Categorizing Income and Expenses

This is one of the key indicators of your business’s financial performance. This includes income (sales revenue, interest income, investment dividends, etc.), and expenses (rent, utilities, payroll, supplies, etc.).

 Applying for Access to Capital

If you are at the point of seeking investments, you’ll need assistance to apply for capital. Banks, investors, and lenders will require up-to-date bookkeeping information on all your financial records and statements. Block Advisors can help you prepare these documents to show your company’s stability and secure funding from outside sources.

Optimizing Cash Flow

One of the biggest responsibilities of a bookkeeper is to keep track of day-to-day operations. They’ll need to keep track of your income and expenses to make sure you have the resources to stay afloat. This information can also minimize the risk of cash shortages, which can be detrimental to your business operations.

Getting Your Books Up-to-Date

If you’ve struggled with bookkeeping in the past, don’t worry! Your bookkeeper with Block Advisors can make sure everything is up-to-date and as accurate as possible. This is generally the first thing they assist with when you sign up for their services.

Managing Taxes

Working with Block Advisors throughout the year can simplify things once tax season rolls around. Since you’ll already have organized records of your operations, you won’t have to spend too much time on your tax return.

And if you need extra assistance to do your taxes, Block Advisors can help with that too! You can file on your own (using their DIY product with AI Tax Assist) or work with a tax professional – in-office or from home.

Why Choose Block Advisors for Bookkeeping?

First and foremost, working with Block Advisors can save you money. Their full-service package rates are up to half off the rates of a typical accountant.* Here is a breakdown of their current bookkeeping pricing packages:

Full-Service

Starting at $175 per month, Block Advisors’ full-service option is great for most small businesses. Along with a dedicated accountant, you’ll get custom financial statements and a standard chart of account setup.

Premium

For more detailed booking, opt for Block Advisors’ Premium Plan. You’ll get access to inventory, mileage, and expense management tools in addition to a custom chart of accounts. This option is good for easy project tracking or gathering information for quotes and estimates. Premium plans start at just $299 a month.

Self-Service

If you prefer to do your own bookkeeping, you can save even more money with their self-service option. At just $39 per month, this bookkeeping service is decently affordable! It includes a step-by-step setup, income and expense management, and easy receipt capture.

Not sure which plan is best for your small business? You can schedule a FREE 30-minute consultation to discuss your questions and challenges with a consultant. They’ll be able to point you in the right direction and find a plan that works best for your business needs.

What Is the Block Advisors Bookkeeping Guarantee?***

Block Advisors is committed to making things easier for you as a business owner. In the rare chance they make a mistake that requires a re-opening of your books for any month, they’ll correct the error for the month at no extra charge. See https://www.blockadvisors.com/guarantees/ for additional terms and conditions. This is a huge perk that can help take the burden off doing the bookkeeping on your own!

How Do I Get Started?

If you want to learn more about small business bookkeeping, then schedule your free 30-minute consultation with Block Advisors.

Once you know which plan is most suitable for your business, it’s easy to transfer your data from your other account. You’ll work with your Block Advisor to move your business info into their system.***

As you can see, there are many benefits to working with Block Advisors for tax prep and bookkeeping. However, small business bookkeeping is just one of the many factors you should be considering as a business owner. While financial success is important, so is marketing and hiring. By taking all these different topics into account, you can build a solid foundation for growth!

*Comparison based on national average of accountant hourly fees in 2020 for “QuickBooks or bookkeeping advisory services” ($109) compared to our full-service bookkeeping hourly rate ($50). Data based on a 2020 survey conducted by the National Society of Accountants. Prices may vary.

**Get your first month of Bookkeeping, free. Mention promo code: BKFREE during your consultation. Free month of full-service bookkeeping for new clients only. Valid 12-month engagement letter required. After the application of the discount in this offer, you will be charged monthly at the amount in the engagement letter. Discount may not be combined with any other offer or promotion. Available virtually and at participating locations. Void if transferred and where prohibited. Discount code must be presented prior to purchasing bookkeeping services. A new client is an individual who has not used H&R Block or Block Advisors for bookkeeping services. No cash value. H&R Block employees are excluded.

***Applies only to assisted services, not DIY.