Bookkeeping +

Numbers +

Ledgers +

Profit

Our mission is to simplify your financial management, giving you clarity, less stress, and more hours in your day to do what you do best

Call (503) 714-5265 for a free quote today!

Keeping accurate books isn’t just logical, it’s also crucial for ensuring profit.

A well-trained, professional bookkeeper provides:

  • Accurate and efficient categorization of transactions each week (which most accountants delay due to prioritizing more important tax-related services)

  • Optimized monthly financial reports pulled from reconciled books

  • Clear and quick communication, as well as guidance on small business accounting systems

Did you know?

  • All U.S. business are required, by law, to maintain accurate books

  • A knowledgable and skilled bookkeeper can help reduce the chance of being audited

  • At Profit Logic all of our service providers are trained in graduate-level accounting theory - We make sure your books are done correctly!

Andrew Bloom

“Inaccurate books can lead to paying higher taxes and inefficient bookkeepers can lead to demand on your time. Both of these conditions lead to stress that could have been easily mitigated by working with a professional, knowledgable bookkeeper”

Areas of Interest

Bookkeeping Essentials

Bookkeeping is the systematic process of recording, organizing, and managing a business's financial transactions. It involves keeping accurate records of sales, purchases, receipts, and payments, and organizing these transactions into various ledgers. Essential tasks include managing accounts payable and receivable, reconciling bank statements to ensure accuracy, and generating key financial reports such as balance sheets, income statements, and cash flow statements. Additionally, bookkeeping encompasses payroll processing, ensuring compliance with laws and regulations, and preparing for taxes. It also involves budgeting and forecasting to guide business decisions. Mastering these bookkeeping essentials is crucial for maintaining financial order and supporting the growth and stability of a business.

Accounting Theory

Accounting theory is the framework of assumptions, methodologies, and principles used in the study and application of financial reporting. It encompasses a broad set of concepts that guide the measurement, recognition, presentation, and disclosure of financial information. This theory aims to ensure that financial statements are reliable, relevant, and comparable, thereby enhancing the transparency and consistency of financial reporting. Key components include the conceptual framework of accounting, accounting principles such as the matching and revenue recognition principles, and various standards and regulations set by bodies like the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Ultimately, accounting theory underpins the practices and standards that govern the preparation and presentation of financial information, supporting informed decision-making by stakeholders.

Business Success

A combination of strategic vision, effective leadership, and robust financial management characterizes successful businesses. They have a clear mission and goals, a strong value proposition, and a deep understanding of their market and customers. These businesses prioritize innovation, adaptability, and continuous improvement, allowing them to stay competitive and responsive to changes in the market. Additionally, they cultivate a positive company culture, attract and retain talented employees, and maintain excellent customer relationships. Effective financial management ensures sustainability and growth, while strategic planning and execution drive long-term success. Ultimately, the synergy of these elements enables businesses to thrive and achieve their objectives.

“The best accountants are not just number-crunchers; they’re financial storytellers.”

– Jessica Turner

Get in Touch

Have a question or suggestion? Feel free to reach out!