Bookkeeping

You Need A Bookkeeper

K & S Bookkeeping & Tax Services offers bookkeeping services to home-based businesses, small businesses and medium-sized corporations. Our service takes the burden of keeping tabs on your income, help with payroll taxes, purchases, investments, and so much more.

We are available for you weekly, monthly, and by the hour. Call us today to learn more.
Balance Sheet — Newport, TN — K & S Bookkeeping & Tax Services

Bookkeeping 101

Key Terms:

Revenue is the income a business receives for selling product or services. 
Cost is also known as cost of goods sold. The goods can either be purchased or manufactured or both.
Expense is the cost to run the company: Electricity, Rent, Salaries, Marketing, and more.
Our job as your bookkeeper is to identify your transactions and set up accounts to properly track them. For example: You have made a sale of a product to a customer. We would enter the sale as well as the cost of goods and deduct the expenses. Keeping you in the loop so you know how much you are making.
Now, this example sounds simple, but when you multiply hundreds of transactions a month and thousands a year, it could be very tough. Even for those with a small home-based business and you are dealing with dozens and hundreds, the task of taking time to do the books is a difficult one.
Come to the team that can handle it all. K & S Bookkeeping & Tax Services. Call us today and let’s get started.
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