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FULL-SERVICE BOOKKEEPING & ACCOUNTING

Welcome to Freedom Bookkeeping and Accounting Services.  We are a full-service bookkeeping company and would appreciate the opportunity to meet and discuss your bookkeeping, payroll, and business analysis needs. 

BOOKKEEPING & ACCOUNTING SERVICES

WHAT'S IMPORTANT TO YOUR BUSINESS?

Your business depends on accuracy, timeliness and the ability to read and analyze the reports you receive. With Freedom Bookkeeping and Accounting Services we will help you understand the reports you receive, and you will be given insights and knowledgeable advice on your business and your financial health.

Every business needs accurate books and financial records.  There are a variety of records that every business must keep and there are a lot of governmental requirements that each business must respond to. Your business truly does depend on good and accurate books and analysis. This is where Freedom Bookkeeping and Accounting Services can help you. We are a very hands-on company and are here to help you succeed. We want you to understand not only your bottom-line, but your total business. Where can you save money? Where are additional opportunities to maximize your efforts and income?

We are a full-service bookkeeping and accounting company in Ontario, California. Our list of products and services can be found here.

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ABOUT US

Freedom Bookkeeping and Accounting Services, founded by accounting and financial professionals, prioritizes personal service. Unlike many firms focused solely on client volume, we emphasize one-on-one attention and regular review of financial information with our clients. Your business relies on accuracy, timeliness, and the ability to interpret reports. With us, you'll not only understand your reports but also receive valuable insights and expert advice on your business and financial well-being.

OUR SUCCESS IN NUMBERS

48+

YEARS OF EXPERIENCE

100+

SATISFIED CLIENTS

5

STAR RATED
FREQUENTLY ASKED QUESTIONS

Here are the most frequently asked questions about Freedom Bookkeeping and Accounting and accounting asked by our clients.

  • What Are Financial Statements?
    Financial statements are the report card of a business as well as the basis for handling one's taxes. ​ The basic financial statements are, (1) Profit & Loss Statement, (2) Balance Sheet, (3) Receivables and Payables Aging Report, and (4) Statement of Cash Flows.​ ​ Profit and Loss Statement​​ ​A Profit and Loss Statement itemizes all categories of income and expenses and gives the business owner a "bottom line", or an amount of income or loss for the business for a defined period of time.​ Balance Sheet A Balance Sheet itemizes three distinct categories, Assets (things owned), Liabilities (things owed), and Equity (the book value or worth) of the business. Receivables and Payables Aging Report A Receivables and Payables Aging Report lists all amounts owed to the business and all amounts owed by the business and gives a timeframe of how long they have been owed to and owed by the business.​ Statement of Cash Flows A Statement of Cash Flows defines where and how much cash a business has generated and where the cash has been spent. This is different from a Profit and Loss Statement because not all cash received is income and not all cash spent is an expense. Additionally, not all income is derived from cash and not all expenses arise from cash spent.​
  • Do You Need A Bookkeeper?
    The average business owner definitely needs a bookkeeper. If a person has training in bookkeeping, they may be able to work on their own books effectively and efficiently. Very few people have that kind of training or want to devote their time to doing their own bookkeeping.
  • Why Is Bookkeeping Important?
    Bookkeeping is an integral part of owning a business. Whether you are a multi-million-dollar company or an individual insurance agent running a small office, you need to know if you are making or losing money; you need to know what products are the most profitable; you need to know how you are spending your money and what you are spending your money on. The bottom line is that you need to know the dollars and cents of your business. ​ Bookkeeping breaks all of this down for you and helps you to understand where to focus your efforts. ​ Bookkeeping is also important in the proper preparation of your income and other tax returns.
  • What is your pricing?
    Cost of Bookkeeping: Bookkeeping services start as low as $110 per month, with pricing varying based on the complexity of your business's needs. The simplest companies may see this minimum cost, while others may incur higher charges depending on the volume and type of work required. Factors Affecting Cost: The cost of bookkeeping is influenced by the level of automation available and the time required for tasks. Automating bank and credit card feeds can reduce costs by eliminating manual data entry and potential errors. Additional services such as Sales Tax Returns, payroll integration, and accounts receivable/accounts payable management will increase the overall cost based on the time and complexity of the work involved.
  • What services does your firm provide?
    We offer a comprehensive range of services to support your financial needs, including full-service bookkeeping covering all aspects of financial management, preparation of monthly, quarterly, and annual financial reports such as Profit & Loss, Balance Sheet, and Statement of Cash Flows. Our services also include monthly bank reconciliation to ensure accurate recording of transactions, assistance with sales tax returns filing for compliance with the California Department of Tax and Fee Administration, payroll preparation including processing, direct deposit, tax filing, and W2 distribution. We handle information returns such as W2s and 1099s to ensure IRS compliance, conduct thorough account reconciliation for accuracy in financial statements and income tax filing, provide expert consultations for business improvement, and offer automated accounts payable and accounts receivable management to maintain credit integrity and streamline operations.
  • When should I hire Freedom Bookkeeping and Accounting?
    At Freedom Bookkeeping and Accounting, we aim to empower your business with actionable insights derived from financial data. We understand the challenges and demands of running a business, leaving you with overwhelming tasks and stress. Let us take the burden of accounting off your shoulders, allowing you to concentrate on driving your business forward.
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LET'S CHAT

We will respond as soon as possible

209 East I Street

Ontario, CA 91764

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