Small Business Accounting & Bookkeeping Services

Frequently Asked Questions About Accounting & Bookkeeping

• What bookkeeping and accounting services does Oracle Tax & Accounting provide?

Oracle Tax & Accounting provides monthly bookkeeping, bank and credit card reconciliations, financial statement preparation, QuickBooks support, and accounting cleanup services. We help businesses maintain accurate financial records, monitor expenses, and understand their financial performance. Our services are available to businesses in Santa Monica, Los Angeles, and nationwide.

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• How much does monthly bookkeeping cost for a small business?

Monthly bookkeeping costs depend on several factors, including the number of transactions, bank accounts, business entities, and complexity of the accounting records. At Oracle Tax & Accounting, we provide customized bookkeeping services based on each business's needs. Contact us to discuss your accounting requirements and receive a personalized quote.

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• Can Oracle Tax & Accounting clean up several years of bookkeeping?

Yes. We assist businesses with historical bookkeeping cleanup, including reviewing transactions, correcting account classifications, reconciling bank and credit card accounts, and identifying discrepancies in financial records. Whether your books are a few months or several years behind, we can help organize your accounting records and prepare them for accurate financial reporting and tax preparation.

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• Does Oracle Tax & Accounting work with QuickBooks Online and QuickBooks Desktop?

Yes. We work with both QuickBooks Online and QuickBooks Desktop, helping businesses with bookkeeping, account reconciliations, financial reporting, and accounting corrections. We can also assist businesses that need help organizing their existing QuickBooks records or transitioning to a more efficient accounting process.

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• What financial statements should a small business review regularly?

Most small businesses benefit from regularly reviewing their profit and loss statement, balance sheet, and, when appropriate, statement of cash flows. These reports provide information about revenue, expenses, assets, liabilities, and cash flow. Oracle Tax & Accounting helps business owners maintain accurate financial statements so they can make informed financial decisions.

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• How often should a business reconcile its bank and credit card accounts?

Most businesses should reconcile their bank and credit card accounts at least monthly. Regular reconciliations help identify missing transactions, duplicate entries, incorrect classifications, and other accounting discrepancies. Maintaining reconciled accounts also supports accurate financial statements and helps simplify year-end tax preparation.

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• Can Oracle Tax & Accounting handle bookkeeping for businesses with multiple entities?

Yes. We provide bookkeeping and accounting services for business owners operating multiple companies or legal entities. Our services can include maintaining separate financial records, reconciling accounts, tracking intercompany transactions, and preparing financial statements for each business. Proper accounting helps owners understand the financial performance and obligations of their individual entities.

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• Can I use Oracle Tax & Accounting for both monthly bookkeeping and annual business tax preparation?

Yes. Oracle Tax & Accounting provides both ongoing bookkeeping and business tax preparation services. Having your bookkeeping and tax preparation handled by the same firm can improve coordination, reduce year-end accounting adjustments, and support proactive tax planning. We prepare tax returns for S-Corporations, C-Corporations, partnerships, LLCs, and sole proprietors.