Bookkeeping & Financial Reports
Organized numbers and reports that show where your profit really is
MyBookTech records and organizes every financial movement in your U.S. business: bank reconciliation, accounts payable and receivable, and GAAP-standard monthly reports, with a clear view by project, job, and client.
What is bookkeeping?
Bookkeeping is the process of recording and organizing every financial movement in a company: income, expenses, bank account reconciliation, expense tracking, and keeping records up to date at all times. This ongoing work is what makes reliable reports possible, following GAAP, the accounting standard used in the United States: Profit & Loss (P&L), balance sheet, cash flow, and forecasts.
A bookkeeper and an accountant are not the same thing. The accountant handles tax and fiscal obligations, such as filing returns; the bookkeeper keeps the numbers accurate, organized, and ready for analysis day to day. It's the bookkeeper who shows how much you actually earn and spend on each job, client, or project. And clean records are what make your accountant's work faster and free of surprises.
At MyBookTech, bookkeeping is tailored to service businesses (construction, cleaning, landscaping, HVAC, countertops, and more) run by Brazilian entrepreneurs in the U.S. You get monthly reports in plain language, in your language, and win back time for what only you can do: serving clients and growing the business.
Why keep your bookkeeping current
What changes in your business when your records become reliable and up to date.
Decisions based on data
With reliable records, you stop guessing and start seeing the real effect of every choice on your company's cash.
Profit visible by project
Know where the profit (and the loss) is on each job, client, or project before you price the next estimate.
Time back for you
While we handle the numbers, you spend your hours on what only you can do: serving clients and growing the company.
Fewer risks and errors
Regular reconciliation catches wrong charges, duplicate entries, and odd transactions before they turn into losses.
Tax deductions captured
Expenses recorded and categorized correctly let your accountant claim every deduction when tax season comes.
A view of the future
With organized history and financial forecasts, you plan hiring, purchases, and investments without end-of-month surprises.
How we handle your bookkeeping
- 1
Free assessment
We talk about where your company stands, the systems you already use, and what's holding your administration back today.
- 2
Setting up the foundation
We structure the chart of accounts, connect your bank accounts, and bring any overdue records up to date.
- 3
Ongoing record-keeping
We record and categorize transactions continuously, managing accounts payable, accounts receivable, and cash flow.
- 4
Bank reconciliation
We check every entry against your bank and card statements, period by period, so your numbers are exact.
- 5
Monthly close and reports
Every month you receive your P&L, balance sheet, cash flow, and per-project view to GAAP standards, explained in plain language, in your language.
What you receive every month
- Profit & Loss statement (P&L)
- Balance sheet
- Cash flow report
- Detailed expenses by category
- Accounts receivable aging (who owes and for how long)
- Profit by project, job, or client
- Completed, documented bank reconciliation
- Projected taxes payable
Bookkeeping FAQ
What is bookkeeping?
Bookkeeping is the process of recording and organizing every financial movement in a company: income, expenses, bank reconciliation, expense tracking, and accounts payable and receivable. This ongoing work produces the reports you use to monitor the health of the business and make decisions. Without current bookkeeping, you run the company in the dark and pay more at tax time.
What is the difference between a bookkeeper and an accountant?
The accountant handles tax and fiscal obligations, such as filing returns; the bookkeeper keeps your financial records accurate, organized, and ready for analysis day to day. It's the bookkeeper who shows how much you actually earn and spend on each project. MyBookTech does the bookkeeping and delivers clean numbers to your accountant. The two roles complement each other.
What do I receive every month?
You receive a package of GAAP-standard monthly reports: Profit & Loss (P&L), balance sheet, cash flow, expenses by category, accounts receivable aging, and a profit view by project. Everything is explained in plain language, in your language, so you understand the numbers without an accounting dictionary.
How does tracking by project or client work?
Every income and expense entry is recorded already tied to the corresponding job, client, or project. That way the reports show the real margin of each piece of work (what came in, what went out, and what was left) and you find out which types of service pay off and which are losing money.
Do I need to change accountants to hire bookkeeping?
No. Bookkeeping complements your accountant's work; it doesn't replace it. We keep your records organized all year long and hand everything over ready at tax season, which usually makes your accountant's work faster with far less back-and-forth.
Ready to put your numbers in order?
Schedule a free call and find out how to simplify your company's administration starting today.
Schedule a free call