Bookkeeping & Accounting

Monthly bookkeeping can include the reconciliations, classifications, and agreed financial statements identified in an accepted written scope. The records support management and return preparation, but no completeness, compliance, decision, or financial outcome is promised.

I use QuickBooks Online as the primary bookkeeping platform. Whether you need a fresh setup, cleanup, or ongoing monthly management, Greg is the sole practitioner and personally reviews, approves, and signs all client-facing work.

An accepted monthly scope may include specified account reconciliations and agreed statements for covered records and periods. Bookkeeping does not promise completeness outside that scope, tax savings, or a particular tax result.

Monthly vs. weekly bookkeeping: The appropriate cadence depends on transaction volume, payroll and cash-flow needs, record availability, and the accepted scope. The written engagement identifies the reconciliation cadence, statements, record cutoffs, and estimated timing; no universal delivery window is promised. A weekly cadence may be considered when current records are needed more frequently.

Platform flexibility: QuickBooks Online is the primary platform used by the practice. FreshBooks may fit service businesses that invoice by time or project, while Xero may fit businesses that prefer its interface or compatible apps. Current plan features, integrations, volume, workflow, and budget should be compared before purchase.

Industries served: Under an accepted written scope, bookkeeping for a service business may address revenue classification and 1099-related records; an e-commerce scope may address inventory costing, marketplace-fee reconciliation, and identified sales-tax records; a restaurant scope may address FICA tip-credit records and cash-basis accounting; and a construction scope may address job-cost and subcontractor-payment records. The covered records, periods, accounts, and deliverables depend on the business facts and written scope.

NJ payroll tax obligations your records may need to track: If your business has employees, the applicable records may include NJ Unemployment Insurance (NJ-927 quarterly), NJ family leave insurance (FLI), NJ disability insurance (TDI), NJ WF/SWF taxes, and local payroll taxes where applicable. Organized categorization can make discrepancies easier to identify and may reduce year-end correction risk; it does not guarantee completeness or prevent an audit.

2026 1099-NEC threshold change: For qualifying nonemployee-compensation payments made in a trade or business, OBBBA Section 70433 raises the ordinary threshold from $600 to $2,000 starting in 2026. Determine the payee and payment type from Form W-9 and the actual payment flow; corporate and other statutory exceptions may apply, and payment-card or third-party-network transactions are generally reported by the applicable settlement entity on Form 1099-K rather than by the business on Form 1099-NEC/MISC. The recipient's treatment depends on the actual payment, receipt, activity, and applicable tax rules; an information-return threshold does not decide that treatment.