Susan Franz has been working as a bookkeeper since 1996. Susan opened her bookkeeping business in 2006 in Sultan, WA and incorporated the business in 2019 as Bookkeeping Specialists, Inc doing business as Franz Bookkeeping. Susan and her immediate family relocated from Sultan, Washington where they had been residents for 26 years to Bella Vista, Arkansas in Summer of 2021.
Franz Bookkeeping is registered as a business in Monroe, Washington and in Bella Vista, Arkansas. Our operations and property are covered by insurance appropriate to our industry. We are dedicated to safekeeping our clients’ assets to the best of our ability.
Elizabeth Grgurich has completed her bachelor’s degree in accounting and joined Franz Bookkeeping in Fall of 2020. Elizabeth has 26+ years of bookkeeping experience! Elizabeth works remotely and onsite in the Monroe, Washington area, managing and performing the duties of our client relationships in the areas around Monroe. Susan supports Elizabeth, performs oversight tasks and client communications, manages the business operations, and services clients bookkeeping needs remotely.
Francoise Bipa was trained in accounting classes at NW Arkansas Community College. She was referred to us by her instructor. She lives with her husband and children in Fayetteville, Arkansas. Francoise works remotely performing the duties of our client relationships.
We have developed relationships over time with various software companies and are often marketed to by new companies. Often these software companies allow us to purchase from them and resell their subscriptions to our clients. We have trained in the use of the programs we work with, and we work directly inside these software programs on a regular basis. Our method is to fit into your current system of operations as much as possible, and to make recommendations to you based on our expertise that will simplify and speed up the processes.
Tami
Industry: Specialty Retailing
Every financial transaction, whether it’s a sale, purchase, expense, or income, needs to be recorded accurately and promptly. This includes invoices, receipts, bills, payroll, tax payments, and loan/credit card payments.
Transactions are categorized into appropriate accounts such as assets, liabilities, equity, revenue, and expenses. This classification helps in organizing financial information and generating reports.
Bookkeeping follows the double-entry system, which means every transaction affects at least two accounts – one account is debited, and another is credited. This system ensures accuracy and maintains the balance of the accounting equation (Assets = Liabilities + Equity).
Regular reconciliation of accounts, such as bank reconciliation, ensures that the recorded transactions match the actual transactions and balances. It helps in identifying discrepancies and errors that need to be rectified.
Bookkeeping lays the foundation for preparing financial statements such as the income statement, balance sheet, and cash flow statement. These statements provide insights into the financial performance and position of the business.
Accurate Financial Statements with knowledgeable counsel provides the setting for the business owner/manager to make wise decisions for the future of the business.
