Welcome to Small Business Associates!
At Small Business Associates, we recognize that every business is unique, and that's precisely why you should choose us as your trusted partner in accounting. Our team of seasoned professionals is dedicated to delivering personalized solutions that cater to your distinct needs, whether you're a fledgling startup, a thriving mid-sized enterprise, or a well-established corporation. Our commitment to excellence, precision, and unwavering confidentiality distinguishes us in the realm of accounting. We simplify the intricate world of financial management, allowing you to concentrate on the core of your business operations!
Welcome to Small Business Associates!
At SBA, we recognize that every business is unique, and that's precisely why you should choose us as your trusted partner in accounting. Our team of seasoned professionals is dedicated to delivering personalized solutions that cater to your distinct needs, whether you're a fledgling startup, a thriving mid-sized enterprise, or a well-established corporation. Our commitment to excellence, precision, and unwavering confidentiality distinguishes us in the realm of accounting. We simplify the intricate world of financial management, allowing you to concentrate on the core of your business operations!
What is the difference between BOOKEEPING and ACCOUNTING?
Bookeeping:
Recording Financial Transactions: Bookkeeping involves the systematic and detailed recording of daily financial transactions. This includes documenting sales, purchases, receipts, payments, and other financial activities in a company’s ledgers or accounting software.
Data Entry: Bookkeepers focus on data entry and the organization of financial data. They ensure that all transactions are accurately recorded, categorized, and posted to the appropriate accounts.
Basic Financial Management: Bookkeepers primarily deal with the day-to-day financial data, ensuring that it’s accurate and up to date. They don’t typically engage in complex financial analysis or decision-making.
Timeline: Bookkeeping is an ongoing, routine process, usually done daily, weekly, or monthly, depending on the volume of transactions.
Required Skills: Bookkeepers need strong attention to detail and data-entry skills. They don’t necessarily need a deep understanding of financial concepts or the ability to prepare financial statements.
Accounting:
Financial Analysis: Accounting involves a more comprehensive analysis of financial data. Accountants use the data provided by bookkeepers to create financial reports, interpret financial results, and provide insights into a company’s financial health.
Financial Statements: Accountants prepare financial statements such as the income statement, balance sheet, and cash flow statement, which provide a summarized and structured view of a company’s financial performance.
Complex Decision-Making: Accountants are involved in more complex financial decision-making, including budgeting, forecasting, tax planning, and strategic financial management.
Regulatory Compliance: Accountants ensure that a company complies with relevant accounting principles and regulations. They may also assist with tax compliance and reporting.
Timeline: Accounting tasks are typically done periodically, such as quarterly or annually, to produce financial statements and fulfill tax and regulatory requirements.
Required Skills: Accountants have a deeper understanding of financial principles, are knowledgeable about accounting standards, and may have professional certifications like Certified Public Accountant (CPA) or Chartered Accountant (CA) credentials.
In summary, bookeeping is the foundation of the financial process, focusing on data entry and the organization of financial transactions, while accounting involves interpreting, analyzing, and summarizing financial data to provide a more comprehensive understanding of a business’s financial situation. Both functions are essential for effective financial management, and they often work in tandem to ensure a company’s financial records are accurate and compliant with regulations.
No need to stress about all of that yourself, we're here to help!
Need help with your QuickBooks and getting it organized and balanced, We can help!
Need help getting your payroll in order before the end of the month? No need to worry!
Do you want to know the variety of accounting we offer for different businesses?
MYTIME is your time to use for accounting and business questions.
You use MYTIMEin 15 minute increment so ask your questions and we will find you the answer. If we can’t then you will not use any of your repurchased blocks of time. To purchase your starting block click below and we can get started. Our normal hourly rate is $150 per hour, but you can purchase a block of 10 Hours of time for just $1,200. THAT IS A SAVING of more than $300. Purchase yours now and get started.
Testimonials
"The services provided by SBA have enabled me to put my talents and focus on operations and business development. I no longer wake up with the daily worry of, vendor issues, tax planning and cash management. The systems they have put in place generate information that is easy to understand and have become my primary tool in understanding and controlling cost."
- Luke Reynolds
Mollys in Soulard
St. Louis, MO
"Small Business Associates, Inc. (SBA) has been a great asset to the overall financial operations of Lake Forest Country Club. In addition to SBA's accounting services, their staff have been incredible resources and just as important, SBA staff have become a valued part of our team at Lake Forest Country Club!"
- Sue Rector, Board President
St. Louis, MO
Lake Forest Country Club
