Services

Bookkeeping

At Parr & Ibarra, our comprehensive bookkeeping services ensure that your financial records are accurate, up-to-date, and aligned with industry best practices. We understand that bookkeeping can be time-consuming and complicated, which is why we handle the intricacies for you, freeing up your time to focus on growing your business. Our team ensures proper categorization of transactions, reconciles accounts regularly, and provides monthly or quarterly financial reports to help you keep track of your cash flow and business health. With our expertise, you can confidently make informed financial decisions and remain compliant with local regulations.

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We understand that accurate and organized financial records are essential for businesses to make informed decisions and comply with regulatory requirements. Our bookkeeping service goes beyond simple transaction recording—our experienced professionals provide a detailed, hands-on approach to managing your day-to-day financial operations. This includes categorizing and classifying every transaction to ensure your financial records align with generally accepted accounting principles (GAAP).

We handle the following:

  • Account Reconciliation: Regularly reconciling bank statements, credit cards, and other accounts to ensure accuracy.
  • Financial Reporting: We prepare monthly, quarterly, and annual financial reports that provide insight into your company’s performance, including balance sheets, profit and loss statements, and cash flow statements.
  • Expense Tracking: Monitoring your business expenses to ensure proper categorization and compliance with applicable tax laws.
  • Tax Preparation Assistance: Providing accurate data to streamline your tax preparation process at year-end, reducing the burden on your internal team.

Our goal is to deliver a comprehensive solution that supports operational efficiency, improves decision-making, and ensures compliance with all regulatory and tax obligations, all while freeing up your valuable time to focus on what you do best—running your business.

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Frequently Asked Questions

What does a bookkeeper do?

A bookkeeper records and organizes financial transactions such as sales, purchases, receipts, and payments. They ensure your books are accurate and up to date.

Accurate books help you track cash flow, prepare for taxes, make informed decisions, and ensure compliance with financial regulations.

Yes, but many businesses find it more efficient and reliable to hire a professional. Mistakes in bookkeeping can lead to costly errors come tax time.

Ideally, bookkeeping should be done on a weekly or monthly basis. For high-transaction businesses or those seeking real-time insights, daily updates may be beneficial.

Accurate bookkeeping ensures you’re reporting the right income and claiming all eligible deductions. It also makes year-end tax filing faster and easier—and reduces your risk of an audit.

Immediately. Even if you’re pre-revenue, tracking expenses and investments is crucial. Clean financial records help with budgeting, tax prep, and pitching to investors.

Consider moving from DIY or basic software to a dedicated finance team or outsourced bookkeeping service. Implementing more robust tools like NetSuite or Sage may also help as transaction volume increases.

Work with a bookkeeper or accountant who stays up to date on local, state, and federal requirements. Periodic financial audits (internal or external) are also recommended as your business grows.

  • Saves time and reduces errors

  • Offers access to expert knowledge

  • Scales with your business

  • Often more cost-effective than hiring full-time staff

More FAQs here.

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Parr & Ibarra

We are moving beyond the limits of a traditional CPA firm by marketing the services of these distinct and separate firms that collectively provide services that can help our clients build and preserve wealth. We will thoroughly analyze your tax situation and provide a variety of advanced tax mitigation solutions.

Locations

Keller
9500 Ray White Rd STE 200,
Fort Worth, TX 76244

Grapevine
1785 TX-26 Suite 200, Grapevine, TX 76051

Hurst
781 Lonesome Dove Trl
Hurst, TX 76054

Other Offices

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