Entrepreneurs and growing businesses often need assistance in understanding the ins and outs of financial record keeping, yet cannot afford to hire full-time personnel with this needed expertise. For the business owner, running a business is complex with many demands for their time, but people are not all experts at handling their money. Today, virtually everybody needs some professional guidance.
Sometimes people confuse bookkeeping and accounting, both different but critical financial services. Bookkeepers keep the financial records, prepare financial reports for tax and accounting purposes, and perform other tasks ranging from bank reconciliations to payroll. Accountants interpret the information and determine how best to use that information in business and tax planning. Brumlow & Co can help you with both.