Your Trusted CPA Firm for Accounting, Bookkeeping, and Tax Services

Bookkeeping is, with little doubt, the simplest and yet most monotonous component of accounting. Think of bookkeeping as transaction based record keeping. Bookkeepers are charged with maintaining a chart of accounts and an accurate general ledger based on the transactions that occur. Furthermore, individual bookkeepers may not do all facets of bookkeeping. Like other job functions, bookkeepers may be relegated to specific duties, such as payroll, accounts payable, billing, and accounts receivable. Of course, you also have full-charge bookkeepers that cover the full gamut of what would fall under the scope of bookkeeping, including:

• Recording transactions in general ledger
• Reconciling transaction activity to source records
• Verifying general ledger is balanced by preparing trial balance
• Maintaining records and filing of financial related documents
• Preparation of and summarizing financial and other information into useful reports

Accounting, in contrast, while certainly encompassing bookkeeping, is higher level and focuses more on analyzing the results and effects of the transactions. Bookkeeping serves as the foundation of accounting, but it is NOT accounting in itself. Accountants analyze transaction activity and reports, including financial statements, for a variety of purposes. They seek to understand where you have been and where you currently stand, but also where you are most likely headed. Bookkeeping is a crucial part of accounting, but it is only a sliver of the accounting pie.

You deserve an accountant that knows who you are, how you operate, and can predict what you need. From accounting system creation to evolution, integrating software to keep your business functional and growth-oriented, to overall compliance, a worthwhile bookkeeper or accountant does far more than just post transactions to a ledger.

Cornerstone CPA Solutions offers comprehensive bookkeeping and accounting services, so you may best understand your business and guide it for success!

Software Consulting and Implementation

Whether one likes it or not, software is fundamental to modern business operations and accounting matters. Having poorly chosen or implemented software can wreak havoc on your operational efficiency and financial success. It can shut you down if it fails. The reliable and efficient flow of accurate information between various software platforms is crucial to your success.

Software vendors and tech professionals rarely understand accounting. Accountants do not always understand software and technology from an operational standpoint. Cornerstone CPA Solutions bridges these immense gaps by working with you to identify your software needs and viable platforms, and works to properly set up and implement software to operate your business.