™ can help. We are expert bookkeepers that can help your small business with its bookkeeping needs. Here’s a short explanation of what GAAP means. If we can be of more help explaining whatGAAP is or if we can help you with any of your small business bookkeeping needs, give us a call at 888-552-6657(888-55Books)™ provides a way for small businesses to have outsourced bookkeeping at a significant savings. We provide our clients with pre-printed envelopes. You stuff the envelopes and our expert team does the rest with detailed reports and timely compliance support. Not to mention, you now have a team of experts at your disposal should you have questions or last-minute needs. Let’s start with answering what GAAP means:

Generally Accepted Accounting Principles. GAAP refers to the accounting standards set by the FASB for the preparation and presentation of financial information of US publicly traded companies.

Since GAAP in the financial standard large US business, many small and mid-sized companies, which are not required to adhere to GAAP rules, follow these standards for conformity.

Additionally, many banks and other financial institutions may require GAAP financial statements for financial review.

Need more information or help? Don’t hesitate to give us a call right now at 888-55Books.

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