ClientBooks

ClientBooks is our recordkeeping platform that organizes all of your business transactions. ClientBooks generates financial statements, completes your year-end tax returns, and assists your Senior Tax Advisor with tax planning throughout the year. The main objective of ClientBooks is to simplify recordkeeping by syncing your business bank accounts... and business credit cards automatically, reducing time spent on manual data entry. How do you record credit card payments? When making a credit card payment from your business bank account, there will be one transaction as a debit (negative amount) in the business bank account and one transaction as a credit (positive amount) on the business credit card statement. Each transaction can simply be categorized as "transfer". How do you add another business to ClientBooks? If you have a second business for which you'd like to use the ClientBooks, then simply contact us to add an additional business. Our client portal can support multiple businesses through additional business profiles. These profiles will allow you to sync new business accounts and generate separate financial statements. Does ClientBooks support my bank account? Our ClientBooks software is designed to work with the majority of banks in the United States, including smaller credit unions. However, we cannot guarantee connection to all banks, as it depends on the bank institution and its investment in such technologies. How does ClientBooks help with tax preparation? We use your transactions list and journal entries to generate financial statements, including a Profit & Loss and Balance sheet, which will be used to prepare a year-end tax return. We can also pull quarterly financial statements to help calculate estimated tax payments while finding ways to reduce your tax liability before tax season. When bookkeeping is organized and correct, the business tax return can be a breeze!Read More