Adding It All Up

David Smith's entrepreneurial journey began in 2021, and since then, his passion for bookkeeping has driven him to turn his side venture into a full-service bookkeeping firm that offers customized services for small businesses.

 

David’s story of starting The Booksmith Bookkeeping is rooted in a love for numbers and a genuine desire to help others succeed. While still working full-time with Pella Corporation, David began his bookkeeping side business after recognizing a significant need in the market. “I fell in love with bookkeeping and numbers and I felt drawn to start serving people in that way,” David shared. “As people learned about The Booksmith Bookkeeping, they started asking me to keep their books and I made business out of it.”

 

In the early stages, David had to put his business on hold to focus on his job at Pella Corporation, but now he’s ramping things up again, with a renewed focus on helping businesses gain financial clarity and organize their books in the best possible way.

At The Booksmith Bookkeeping, the range of services is designed to fit the unique needs of each business. From basic transaction recording and monthly statements to managing accounts receivable, payable, and payroll, David and his team offer a complete suite of bookkeeping services.

 

David emphasizes the importance of customizing their services to meet each client’s specific needs. “We really take the time to learn the business and the business owner’s goals. We work with them to help achieve those goals,” David explained. “Our belief is that you can’t get where you want to go if you don’t know where you are now. Financial clarity is key.”

The firm’s process is built around standard templates, but David makes sure to build customization off of these foundations. This flexibility allows him to work with the variation of small businesses and ensure their bookkeeping aligns with their objectives.

 

“We focus on the smallest of small businesses, specifically startups to businesses with up to $5 million in annual revenue,” said David. To make sure that these small businesses start on the right foot, The Booksmith Bookkeeping offers customizable starting packages to help with clean, reliable bookkeeping from the very beginning.

 

It’s important to note that while The Booksmith Bookkeeping offers financial clarity, they are not CPAs and do not handle tax planning or tax filing. Instead, their expertise lies in bookkeeping, organization, and giving business owners a clear understanding of their financial position. The focus on bookkeeping and clear financial reporting means that businesses will always have accurate, up-to-date records to rely on when making critical decisions. As David puts it, “We are all about financial clarity and making sure businesses keep accurate and reliable books. This is the foundation of everything. To get good advice, you need good books.”

 

Although The Booksmith Bookkeeping is a virtual firm that serves clients across the country, David has a particular preference for working with small businesses in Iowa. “I like to meet my clients face to face. I like to learn and understand their business. I like to support the small business community of Iowa,” he said. That hands-on, community-oriented approach has allowed David to build strong, lasting relationships with local entrepreneurs.

 

The firm’s specialization is with QuickBooks, ensuring clients get the most out of this popular accounting software. David and his team focus on helping clients truly understand how to operate their books within QuickBooks. While they don’t handle inventory, The Booksmith is well-equipped to manage a wide range of bookkeeping needs.

 

David has big plans for the future of The Booksmith Bookkeeping. “I am looking to grow The Booksmith Bookkeeping. The goal is to eventually operate this as my full-time job in the future,” he shared.

 

In the meantime, David is committed to providing top-notch bookkeeping services to businesses in need of financial clarity and reliable organization. The firm’s mission is centered on faith and relationships, with the goal of building strong partnerships with clients and supporting businesses through excellent work.

 

Whether you're a new startup or a growing small business, The Booksmith Bookkeeping can help ensure your books are in order and that you have the financial clarity to plan for the future. To learn more about their services or to get started with a customized bookkeeping package, visit their website: https://thebooksmith.biz/