CHASE & ASSOCIATES TAX SERVICE

Nationwide Web Based Online Tax Service Specializing In Individual & Corporate Taxation


Bookkeeping


WE HATE BOOKKEEPING TOO!

But it’s a necessary EVIL

Our motto is

Keep it Simple!

Do not waste your valuable time and money on QuickBooks, Quicken, etc.

Simply send us your bank transaction downloads and let us do the work.

We have developed our own simple bookkeeping system that integrates with your bank’s online banking/billpay

Fees starting as low as $300 a year.

Profit & Loss Statements can be prepared Quarterly or Annually

We recommend you follow these guidelines to keep it simple:

Select Checking & Credit Card Accounts that Retain transactions for at least 18 months. If your bank does not retain transactions for 18 months we recommend setting up auto downloads through the free Wave App so you do not lose transactions.

Select a Bank that is associated with Zelle.

Select Credit Cards that offer Cash Back.

Use separate bank accounts and credit cards for the business.

  It does not matter to us if these separate bank accounts and credit cards are in the business name or your name. Most banks charge more if the account is in the business name.

Most online vendors like Amazon, Ebay, etc. allow you to add more than one credit card. You can add one for business and one for personal.

However, if you find it easier to just use one account for business & personal that’s fine with us, we can sort it out.

Pay by credit card when possible

Use your banks online Bill-pay/ Zelle to send payments.

Use Handwritten and or Printed checks ONLY if no other payment method is an option.

Bank downloads will not include payee information on handwritten or printed checks and will require extra work. Therefore, checks should only be used if no other payment option is available

We understand you may still need to write some checks, that’s okay. You can maintain a small check register, or add check images to your bank statements.

At quarter or year end, simply download and send us your bank download file in a (CSV) Comma-separated Value format for each bank and credit card you use for business. We can walk you through this.

We understand you may also need Invoicing and/or payroll. These can be separate standalone products and should not be a compelling reason to purchase QuickBooks or any other accounting package. In our opinion, maintaining an accurate set of books on these accounting packages requires a lot of work and expertise and is best delegated to us.