KLear Bookkeeping, LLC

KLear Bookkeeping, LLC We take the frustration of keeping your books straight off of your shoulders so that you can focus o

This about sums up tax time. Are you ready?
01/22/2026

This about sums up tax time. Are you ready?

10/29/2024

Gift cards are a great way to make some extra money with your business, but are you tracking them well? Are you tracking them at all?? Let’s talk about how you can!

08/21/2022

GREAT Concert part 3

01/25/2021

WHY should you hire US to keep your books?

It used to be that virtual bookkeeping was unheard of. Even before Covid hit, forcing many businesses to go virtual, the idea began to take off. Why is that?

1. It saves you money

When you hire a virtual bookkeeper, you save money because you don't have to pay the 40 hours and benefits that you would have to pay an in-house employee. Virtual Bookkeepers charge for part-time work. Some charge you by the hour so you only pay for hours that they actually worked. You do have to be wary of being charged for phone calls or anything extra such as software training. We charge a set monthly fee so that you know exactly what to expect.

2. Your accounts are safe.

Backing up your files needs to be done on a regular basis. Those files also need to be kept confidential. We back up all of our client's records on a daily basis to a cloud. Since there is no physical copy, there is nothing for people to steal. We use locked computers, as well as software, and an encrypted email system.

3. We are flexible.

We don’t necessarily work your Monday through Friday 9 am – 5 pm like most other businesses. The hours that we work depends on the amount of work that we have to focus on for our clients, and when you need us the most. We aren’t available in the middle of the night, but we are flexible enough to work around your schedule. If you need us in the evening or on a weekend, just reach out to us. We will be there.

4. We work as a team.

We are a husband-and-wife team and we work on your books together, We both know what is happening with each and every client so that if one is sick, the other can just pick up where they left off.

5. You focus on what you love!
You didn’t dream of getting frustrated and pulling your hair out when you started your business. You shouldn’t have to do that now either. We take the hassle of keeping your books straight off of your shoulders so that you can focus on the part of your business that you fell in love within the first place.

01/25/2021

7 Tips about Bookkeepers
1. Bookkeeping is not the same as accounting. Bookkeepers
keep record of all financial actions and receipts. Accountants
analyze, interpret, summarize, and report all financial data.
2. What Bookkeepers Do
a. Keep track of receipts
b. Document customer receipts
c. Record customer invoices & payments
d. Pay vendors
e. Oversee accounts receivable and accounts payable
f. Record depreciation
g. Run monthly financial reports
h. Much more…
3. Two Types of Bookkeeping
a. Cash Basis
i. Cash basis is used for small companies that don’t have a
lot of transactions and operate off of cash on hand at any
time. Payments are collected at time of purchase.
b. Accrual Basis
i. Accrual basis is used for large companies with more
complicated transactions. They send invoices out to
customers and receive bills from their suppliers. There is
always some accounts receivable and payable out.
Accrual basis accounting keeps track of what is owed to
you and what you owe to others.
4. Bookkeeping Software
There are several different bookkeeping software programs on
the market but QuickBooks is the most popular. A person
doesn’t have to be a pro at the different accounting methods
to use it. It is designed to be user-friendly to anyone.

Benefits of Bookkeeping Software
a. Easy to use
b. Manages all financial accounts
c. Most accurate
d. Multiple reports are available
e. Prepares for taxes
f. Much more
5. Helps with Preparing for Taxes
a. Keeps track of receipts
b. Keeps all financial records organized
c. All reports needed by your accountant
6. Keep Records Updated
Entering your data is quicker and much more accurate than
keeping your books by hand. Your bookkeeper keeps up with
imputing the information that you give to them. It is always
available to you so you know where you are financially at any
time.
7. Common Accounts for Small Businesses
a. Cash-on-hand
b. Checking
c. Accounts receivable
d. Accounts payable
e. Loans payable
f. Payroll expenses
g. Owner’s equity
h. Retained earnings

Address

South Lyon, MI
48178

Opening Hours

Monday 8am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17347071982

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