Accurate and consistent personal bookkeeping is essential to daily, as well as long-term, financial health. Thorough and comprehensive accounting is critical to make the most of your money. In general, daily money management firms help individuals with personal bookkeeping services, but Baker DMM takes it one step further by providing bookkeeping and accounting services.
Bookkeeping describes the activities associated with documenting financial transactions. For example, these records might include:
Various types of income
Vendor or loan payments
Monitoring for unusual activity
Creating financial reports
Accounting refers to the process of analyzing, interpreting, and then reporting financial data to help individuals make informed fiscal decisions.
So, bookkeepers record and categorize financial transactions; accountants analyze the data. And because Baker DMM is owned and led by a certified public accountant (CPA), you get consistent, integrated accounting and bookkeeping services.
Why are professionally provided accounting and bookkeeping services so important for your elderly relative? Because financial fraudsters prey on those unlikely, or unable, to closely monitor their bank accounts and financial assets. With regular, expert assistance, you’ll know if your senior loved one’s financial picture includes typical red flags for fraud or fiscal abuse:
Lost checks or missing deposits
Excessive or new bank fees
Unusually large debits, charges, or transfers
Budgets that are out of line
Expenses that look unusual
Baker DMM’s personal bookkeeping services bring peace of mind to the account holder as well as his or her caregiver. Our CPA oversight and detailed monthly reporting facilitate better financial decisions. Consider letting Baker DMM enrich your quality of life by eliminating the stress and time demands of routine bookkeeping and long-term financial health management. Call us, your burden will feel lighter even before we schedule our first appointment.
Baker Daily Money Management is your economic first responder...
... guarding against theft, reducing exposure to financial fraud, and protecting family assets. Our clients hire us on their terms, for limited or extensive services. As their financial advocate, our clients invite us into their homes or join us in our offices to assist them with everything from mail review to bill paying to long-term financial decision making. We’ll design your financial caregiving plan according to a proven, reliable process then flex it to meet your specific needs.
