Bookkeeping, controller, and CFO services for small businesses in Chandler and Greater Phoenix.

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What records does my bookkeeper need from me each month?

The most important thing your bookkeeper needs is access to your bank and credit card accounts. With QuickBooks Online, this usually means connecting your accounts through bank feeds so transactions flow in automatically. If bank feeds aren’t an option, then PDF statements at the end of each month work fine. This covers the bulk of what’s needed because most business activity runs through your bank and credit cards.

Beyond account access, your bookkeeper needs anything that adds context to your transactions. Receipts for cash purchases, vendor invoices that explain what a large charge was for, and any contracts or agreements that affect how revenue or expenses should be recorded. A $4,000 charge at a supply house looks different in your books if it was materials for a specific job versus general shop supplies. Your bookkeeper can’t know the difference without some input from you.

If you have employees, your bookkeeper needs payroll reports each pay period. This includes gross wages, tax withholdings, employer taxes, and any deductions. If you use a payroll service like Gusto or ADP, access to that platform is usually enough. Loan statements are also needed monthly so your bookkeeper can properly split payments between principal and interest.

For businesses that send invoices, your bookkeeper needs to know what you billed and what payments came in. If you’re invoicing through QuickBooks, this is already in the system. If you’re invoicing through another tool or manually, share those records so accounts receivable stays current. The same applies to bills you receive from vendors. Your QuickBooks ProAdvisor in Chandler can help you set up workflows that capture most of this automatically.

Mileage logs, expense reports from employees, and documentation for any owner draws or personal transactions on business accounts are commonly overlooked. These don’t seem urgent in the moment but they create gaps that are hard to fill later. If your bookkeeper has to chase you for three months of missing information, the work takes longer and costs more.

The best system is one that requires minimal effort from you on a regular basis. Most of the data flows through bank feeds and connected apps. Your role is really about filling in the gaps with context your bookkeeper can’t get from a transaction description alone. A quick note explaining an unusual charge or forwarding a vendor invoice takes seconds and saves real time during full-service bookkeeping.

One practical tip: create a shared folder in Google Drive or Dropbox where you drop receipts and documents throughout the month. Snap a photo of paper receipts and toss them in. This way nothing gets lost and your bookkeeper has everything in one place when it’s time to close the books.

Bookkeeping for East Valley Small Businesses

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More Questions

What bookkeeping software works best for a mobile service business?

QuickBooks Online is the strongest fit for most mobile service businesses. It's cloud-based, has a capable mobile app, and integrates with popular field service tools like Jobber and Housecall Pro.

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What should I look for in a bookkeeper with a finance background?

Look for someone who goes beyond transaction entry and actually understands what your numbers mean. A finance background means they can produce useful reports, communicate with your tax accountant, and help you make better business decisions.

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What KPIs should a small business owner watch every month?

Focus on the handful that actually drive decisions. Revenue trends, gross profit margin, net profit margin, cash position, and accounts receivable aging tell you whether the business is healthy and where to look when something feels off.

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How do I find a bookkeeper who understands my industry?

Look for a bookkeeper who can describe the specific chart of accounts and reports that matter for your type of business. Ask about their client base, check references from similar businesses, and pay attention to whether they ask about your operations or just your transaction volume.

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How do I handle bookkeeping for a business with both products and services?

The key is separating your revenue streams and tracking costs differently for each. Products involve inventory and cost of goods sold, while services tie costs to labor and time. Your chart of accounts and reporting need to reflect both.

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How do I keep books for multiple franchise locations?

Use a consistent chart of accounts across all locations and track each one separately using location or class features in QuickBooks. Separate bank accounts per location and standardized coding make comparison reporting possible.

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Jackrabbit Accounting is a Chandler firm serving small businesses across the East Valley and Greater Phoenix. Led by Sean Larsen, CPA, we provide bookkeeping, controller, and fractional CFO services backed by over a decade of corporate finance and Big 4 accounting experience.

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