
Transaction categorizing is the process of reviewing every income and expense in your accounts and assigning each one to the correct category so your financial reports are accurate, meaningful, and tax-ready. Proper categorization ensures your profit and loss statement reflects the true health of your business, helps you understand where your money is going, and keeps you compliant with IRS and state reporting requirements. It’s a crucial step in maintaining clean books, making smart financial decisions, and avoiding costly mistakes at tax time.
We know that the bookkeeping needs of each business or family are unique. Looking for bookkeeping services? Have questions about your taxes? Use our form to tell us more about your needs or concerns and receive a response by email , and schedule your FREE consultation. Or call and speak with a professional bookkeeper today.
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