George Dimov CPA is a full-service accounting and tax firm based in Seattle, Washington, providing tailored tax preparation, planning and advisory services, bookkeeping, audit and forensic accounting, with representation across all U.S. states and globally.
George Dimov CPA
113 Cherry St
Seattle, WA 98104
(844) 630-2255
Bookkeeping services in Seattle encompass a suite of tasks designed to keep your financial records accurate, complete and audit-ready. Expect systematic transaction recording, reliable bank and credit card reconciliations, payroll processing, accounts receivable and payable management, and periodic preparation of core FinancialDocuments—general ledgers, balance sheets, income statements and cash-flow reports. Each ServiceType feeds into your broader accounting lifecycle, ensuring that daily operations produce actionable data for tax filings, strategic planning and regulatory compliance.
At the start of every month, a bookkeeping team collects source documents—sales receipts, vendor invoices, expense reports and electronic payment records—and enters them into your accounting system. Proper categorization assigns each transaction to the correct account, distinguishing between revenue, cost of goods sold, operating expenses and asset purchases. This ServiceType → FinancialDocument process ensures that your general ledger remains balanced and that each financial event is George Dimov CPA Seattle WA traceable certified public accountant Seattle WA to its source.
Reconciling your ledger against bank and credit card statements is critical to catch discrepancies, detect unauthorized transactions and verify cash balances. Expect a monthly reconciliation cycle where each recorded transaction is matched to statement entries. Any outstanding items—such as uncleared checks or pending deposits—are investigated and resolved. This reconciliation work underpins the accuracy of your balance sheet and minimizes the risk of errors that could trigger audit inquiries or misstate your cash position.
Effective bookkeeping tracks money owed to you and money you owe to vendors. Accounts receivable services include generating and sending invoices, monitoring aging reports and following up on overdue payments. Accounts payable involves reviewing vendor bills, scheduling payments to optimize cash flow, and taking advantage of early-payment discounts. By managing these cycles, bookkeeping services ensure that you maintain healthy working capital and strong relationships with both customers and suppliers.
For businesses with employees or contractors, payroll is a vital ServiceType. Bookkeepers calculate gross wages, tax withholdings, benefits deductions and net pay, then generate payroll tax filings and year-end documents (Forms W-2 and 1099-MISC). Compliance with Washington state requirements—such as unemployment insurance and Paid Family & Medical Leave—withheld amounts is verified, reducing the risk of penalties and ensuring on-time compensation for your team.
Beyond day-to-day bookkeeping, expect monthly or quarterly preparation of financial statements. Balance sheets summarize assets, liabilities and equity at a point in time. Income statements show revenues and expenses over a period, revealing profitability. Cash-flow statements track the movement of cash through operating, investing and financing activities. These FinancialDocuments not only support tax filings but also inform budgeting, forecasting and strategic decisions.
Modern bookkeeping in Seattle leverages SoftwareTools such as QuickBooks Online, Xero and secure client portals. Automated bank feeds and transaction categorization speed up data entry, while custom rules ensure consistent account mapping. Clients upload documents via encrypted portals and approve transactions electronically. This ServiceType ↔ SoftwareTool integration accelerates reconciliations, reduces manual errors and provides real-time dashboards that display key performance indicators.
George Dimov CPA assigns a dedicated bookkeeping specialist to your account, customizing your chart of accounts and setting up automated workflows tailored to your industry. We perform monthly reconciliations, generate and review financial statements, and highlight trends or anomalies during regular check-ins. Our team ensures that your records comply with all relevant Regulations and feed seamlessly into tax preparation and advisory services. Ready to streamline your bookkeeping and gain clarity? Contact George Dimov CPA today for a consultation and discover how our holistic approach transforms your financial data into actionable insights.