Bookkeeping
Many entrepreneurs want to focus on their craft not their books. Lean Towards Joy was created to allow you to do just that. So while you are leaning towards your joy, let us help you with the day to day financial activity of your business. That will free up your time to allow your creative flow to continue. Lean Towards Joy is excited to announce it has added bookkeeping services to its growing list of à la carte services.
For years, as the founding member of Lean Towards Joy, I have helped hundreds of entrepreneurs release the fear around starting a new business or growing an existing one. And through that time, many clients have expressed interest in having me help them manage their books. Before starting this company I had spent the previous decade in the business of bookkeeping, equity analysis, and fund accounting. Therefore it was a natural transition to continue offering both consulting and bookkeeping services.
Our clients come with a wide variety of bookkeeping needs. Some just need help navigating an online accounting software. Others need help with weekly payroll. There is not a one-size-fits-all approach to bookkeeping. Contact us today and let’s discuss how your business could benefit from our bookkeeping services.
Michael Whyte
Founding Member
Bookkeeping vs. Accounting
A bookkeeper and an accountant are like the two wheels of a bicycle – they both play a crucial role in keeping a business running smoothly, but they do so in slightly different ways. They may sound similar, but there are key differences between a bookkeeper and an accountant.
A bookkeeper is responsible for the day-to-day record-keeping of a business’s finances. They keep track of all the financial transactions, making sure that every penny that comes in and goes out is recorded accurately and on time. They’re the ones who make sure that the books are always in balance and that the business has a clear picture of its financial situation at all times.
Accountants are responsible for providing advice on financial decisions. They use the information provided by bookkeepers to prepare financial reports, audits, and make informed decisions. Accountants also have a wider range of responsibilities, such as tax preparation, auditing, and financial planning. Accountants provide expert analysis and advice on tax planning, business growth, and investment opportunities. T
In short, bookkeepers and accountants are like two sides of the same coin – both are essential for the success of a business, and both play a vital role in keeping the financial wheels turning. Whether you need a bookkeeper or an accountant depends on your specific financial needs and the scope of your business operations.
Our Relationship
The relationship between Lean Towards Joy and our bookkeeping clients varies greatly depending on the needs of the business. Typically, our clients provide us with financial information, such as invoices, receipts, and bank statements. We then use this information to record transactions, categorize expenses, reconcile bank accounts, and produce financial reports. At times, we may also meet with our clients to discuss financial goals and strategies, as well as any questions or concerns they may have about their financial information. Regular meetings or check-ins our scheduled to ensure that the client’s financial records are accurate and up-to-date.
Some of the services we offer:
- Record-keeping: Keeping accurate records of all financial transactions is a crucial task, and we excel at it. We make sure that every penny that comes in and goes out is recorded accurately and in a timely manner.
- Bank reconciliation: We will keep track of the business’s bank account(s) and reconcile the account(s) regularly to make sure that the records match up.
- Invoicing and payment tracking: We make sure that invoices are sent out on time and that payments are received and recorded accurately.
- Payroll management: Lean Towards Joy can also help manage payroll and make sure that employees are paid accurately and on time.
- Financial reporting: Similar to a progress report, prepared financial statements, such as balance sheets, profit and loss statements, income statements, and cash flow statements, give entrepreneurs a clear picture of the business’s financial health.
By offering these services, we free up entrepreneurs’ time and energy to focus on what they do best – growing their business and pursuing their passion. With a bookkeeper like us on the team, entrepreneurs can be confident that their finances are in good hands and that they have the information they need to make smart financial decisions.