Having Trouble Organizing Receipts?
Can’t Figure Out This Quick Books Thingy?
Don’t Know If You Made A Profit This Month?
Bookkeeping mistakes can impede the growth of your small business and put it on shaky ground. Forget to pay a bill, and there goes your credit. Fail to keep track of receipts, and you miss out on potentially thousands in tax deductions for your business. Lose track of your invoices coming in, and you’ll lose money. Unfortunately, these mistakes are all too common. As a small 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.
By entrusting us with your bookkeeping needs, you will receive the high quality and accuracy every small business deserves. As a result, you can focus on growing your business, knowing your books are being serviced by a true professional.
OUR MONTHLY BOOKKEEPING SERVICES CONSIST OF:
General Ledger - (Setup and Monthly Posting)
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, any problem with your general ledger throws off all your books.
Having us review your general ledger each month allows us to detect 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.
Cash/Daily Sales receipts - (Posting and Tracking)
The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.
Accounts Payable and Receivable - (Posting and Tracking)
Payable’s and receivable’s both correlate with your company’s cash flow. And Cash is King, especially in a business. Cash flow is one of the most critical components of success for a small business. Without cash, profits are meaningless. Many businesses have ended up in bankruptcy because the amount of cash coming in doesn’t compare with the amount of cash going out. A cash crisis can be emotionally devastating, and it can even kill your business. If you’ve ever had to beg, borrow and steal to cover tomorrow’s payroll you know can relate. The stronger your cash flow, the more stable your financial position.
Our posting and tracking your payables and receivable allows you to…
- know when, where, and how your cash needs will occur.
- know what the best sources are for meeting your additional cash needs.
- be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
Reconciliations - (Bank/Credit Card(s)
- Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
- Having us reconcile your account each month allows you to…
- Identify lost checks, lost deposits.
- Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
- Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks 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.
- Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
YOUR QUESTION: “WHAT IF MY BOOKS ARE A MESS?”
Our Answer: “No Problem!”
Does your small business carry inventory or stock? Is it a hassle to manage your current paper-based inventory process? Is excel-based inventory management contributing to errors? Are back-orders a common concern?
If you answered “yes,” to any of the above scenarios don’t worry. — these are all common place problems for small businesses that can be resolved with the management system. If an item can be stored somewhere, that ‘somewhere’ must have a name and it should be labeled with that name. If it doesn’t, time will be wasted looking for things. Employees will stock things in the wrong place. Locations will get referred to by more than one name and your inventory will be in constant drift towards disorganization.
Having us manage your inventory helps prevent discrepancies such as back ordering and wasted search time. We’ll help you get organized and maintain your inventory so you are always accurate, knowing what you have and need to get for your business.
Fixed Asset Depreciation
Accurately tracking their varied lifecycles can be a daunting task—especially when there’s so much at stake. We can quickly eliminate any headache or worry by ensuring that every fixed asset is accounted for accurately.
Comprehensive Financial Analysis
Are you ready to expand? What are the financial strengths in your business? What will the financial position of your business look like in the next few months?
Not only do we provide the Income Statement, Balance Sheet and Cash Flow Statement, but we are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. We present you a picture of your total business so you’re never missing any pieces.
Our consultations are already included in our price, so you’re free to call us whenever you have a question or concern.
Call Today or request to receive a FREE consultation.