Your bookkeeping team categorizes your transactions, reconciles your accounts, and produces your financial statements. They will make any necessary adjustments to your books to ensure they are tax-compliant and account for any outside expenditures that are not run through your business bank accounts.
Your bookkeeping team will need your input on reviewing transactions once a month to ensure proper categorizations. You can always message your bookkeeping team to get any questions answered. We aim to support and educate you throughout the bookkeeping and accounting process.