As a business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits! Outsourcing your accounting can save a huge cost for your business from having to hire someone in-house (wages, payroll taxes, benefits, workers' comp, payroll reporting on employees), as well as keeping your businesses financial affairs confidential at all times.
Weekly, semi-weekly, or monthly - we'll do all of your bookkeeping, or just a few of the pieces you'd like to outsource to us (bank and credit card reconciliations, posting/importing transactions, entering/paying bills, full-service payroll, sales tax reporting, workers comp reporting, HR support, etc...). Below are some examples of what we can do for you...
These tasks form the solid foundation of your business accounting system. You can customize the package of services you receive by adding various services that fit your unique business and industry needs. Please contact us to discuss your needs!
We provide a variety of ways to handle your bookkeeping:
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At our office via pick-up/drop-off of your bills, sales details, and other transactions that need to be posted to your QuickBooks desktop or QBO file, and return delivery by our staff (or yours, if you choose).
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Remote access via LogMeIn that links us into your computer's desktop that is running QuickBooks, or directly online from our office to your QBO file. We will have access to your documents from that computer and/or via Dropbox, secure portal via our website, e-fax, pickup, or e-mail.
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On-line access to your company's server, where we access your QuickBooks desktop file, as well as any documents you have sent to us via secure portal, e-fax, e-mail or Dropbox.
Bank and credit card reconciliations
Reconciling your business checking and credit card account(s) each month allow us to keep your accounts, accounting, and financials up-to-date.
Having us reconcile your accounts each month allows you to...
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Identify lost checks, lost deposits and unauthorized ACH/EFT or credit card transactions.
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Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
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Detect and prevent embezzlement of funds from within your company.
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Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statements.
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Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
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Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks or online transactions presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
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Sleep Better. You will sleep more peacefully at night knowing your accounts are reconciled, in balance and that all funds, accounts, checks and disbursed funds are properly accounted for.
Income Statement (or Profit & Loss)
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
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Track revenues and expenses so that you can determine the operating performance of your business.
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Determine what areas of your business are over/under budget or under performing.
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Identify specific items that are causing unexpected expenditures. Like utilities, meals, supplies, etc...
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Track dramatic increases/decreases in sales or cost of goods sold as a percentage of sales.
Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...
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Quickly get a handle on the financial strength and capabilities of your business.
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Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
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Determine if your business is in a position to expand.
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Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.
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Determine if you need to take immediate steps to bolster cash reserves.
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Determine if your business has been slowing down payables to forestall an inevitable cash shortage.
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
Maintaining Clean Books (i.e. the general ledger)
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books and financials.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.
Unlimited Consultations We are always available to spend time with you so you fully
understand how to interpret and utilize the financial
information we provide. Our consultations are already included
in our price, so please feel free to call us whenever you have a
question or concern.
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