Cash Base Bookkeeping

If you are a small business or sole proprietor, cash basis bookkeeping is the right choice for you. Purchasing bookkeeping hours will make it even more efficient and effective.

What We Do in Cash Base Bookkeeping

In the Cash cash-based bookkeeping method, we focus on recording financial transactions when cash is received or paid. Key activities involved are:

Daily Transaction Recording (main head)

Cash Receipts: We record income when cash is received, whether it’s from sales, services, or other sources.

Cash Payments: We document expenses when they are paid, including payments for supplies, utilities, rent, and other business-related costs.

Bank Reconciliation (main head)

Matching Records: Regularly compare your bank statements with your internal records to ensure all transactions are accurately recorded.

Identify Discrepancies: Quickly find and resolve any discrepancies between your records and your bank statements to maintain accurate financial data.

Buy Cash-Bookkeeping Packages

Essential Ledger

Pro Balance

Premium Ledger

Elite Ledger

Ultimate Ledger

Hours

10

20

40

80

160 Daily Transaction Recording

Bank Reconciliation

Accounts Payable

Accounts Receivable

Payroll

1 Employee

3 Employee

6 Employee

10 Employee

Custom

Financial reporting

Custom

Tax Support

Separate Service

Review Only

Custom

Balance Sheet/P &L

Monthly

As and when required

Custom

Fees

$135

$250

$470

$900

Contact Sales

Advantages of Cash Base Bookkeeping

Simplified Accounting: Easier to understand and manage compared to accrual accounting, especially for small businesses.

Clear Cash Position: Provides a straightforward view of the business’s cash flow, making it easier to make day-to-day financial decisions.

Tax Benefits: You only recognize income when it’s received and expenses when they’re paid, potentially deferring tax liabilities.

Who Should Choose Cash Base Bookkeeping?

Cash-based accounting is beneficial because it is simpler and more cost-effective than accrual accounting. This method is particularly suitable for small business owners and independent contractors who do not carry inventory. Its ease of use means that many small businesses can avoid the expense of hiring accountants and using complex accounting systems. Additionally, it provides an accurate snapshot of the cash available, helping businesses manage their finances more effectively.

With our expertise in Cash Base Bookkeeping, you can focus on running your business while we take care of your financial management.

Frequently Asked Questions

It is ideal for businesses or individuals who prefer to record income and expenses only when cash is received or paid out, rather than when transactions are incurred.

Unfortunately, we don’t support carry forwarding of hours to keep the resource intact for a fixed number of hours and not to get overwhelmed the next month

You can simply click on the Talk and Buy option available under each pricing section that will take you to the filling-up details. Once we receive those details one of our executives will schedule a call and onboard your project.

You can select Ultimate ledger fill up the details and get your FTE up and running within a week.

If the number of hours under the package is exhausted our Ad hoc Hours pricing comes into action which is nothing but the discounted hourly rate or $15 Per hour at the max.

Need Any Financial Help!

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210-9856988

Cash Base Bookkeeping