A bookkeeper handles the day-to-day financial record-keeping that keeps your business organized and your numbers accurate. The work falls into a few core areas that happen on a regular schedule.

Transaction categorization is the foundation. Every time money moves in or out of your business, it needs to be recorded and assigned to the right category. That $400 at Home Depot goes to materials. The $150 monthly software charge goes to subscriptions. This sounds simple but doing it correctly requires understanding your business and maintaining consistency. Wrong categories mean your financial reports are meaningless.

Bank reconciliation happens weekly or monthly depending on your volume. Your bookkeeper matches your bank and credit card statements against what’s recorded in your accounting software. This catches errors, duplicate charges, missing transactions, and fraud. It also confirms your books actually reflect reality. Monthly bookkeeping that includes regular reconciliation means small problems get fixed before they become big ones.

Financial statement preparation gives you the reports you need to understand your business. At minimum, that means a profit and loss statement showing what you made and spent, and a balance sheet showing what you own and owe. These reports should be accurate and ready when you need them, not scrambled together at year-end.

Beyond the basics, many bookkeepers also handle accounts payable by tracking and paying bills, accounts receivable by invoicing customers and following up on payments, and payroll coordination. The scope depends on what your business needs.

What a bookkeeper doesn’t do is equally important. Bookkeeping is not the same as accounting. Your bookkeeper records transactions and produces accurate reports. Your accountant or CPA uses those reports for tax planning, tax preparation, and strategic advice. A good bookkeeper makes your accountant’s job easier and often cheaper because the books are already clean when tax season arrives.

For small business owners in Northwest Arkansas, having a bookkeeper near Bentonville means you’re not spending Sunday nights sorting receipts or scrambling every April. Your books stay current. You know where you stand financially. And when you need to make a decision about hiring, expansion, or a major purchase, you have real numbers to work with instead of guesses.

The difference between having a bookkeeper and doing it yourself usually shows up in tax season. Clean, accurate books mean your accountant spends less time fixing things and more time finding legitimate deductions. Messy books mean rush fees, missed deductions, and stress nobody needs.