Bookkeeping Services

Bookkeeping Services. Client Accounting Services.  Write-up work.  Outsourced accounting services. All of these mean you are simply letting someone else handle your books.  Virtual accounting services and cloud accounting are entirely online - using your device as a portal. Most entrepreneurs and owners of small businesses simply call it bookkeeping or handling the books.

No matter what you call it, your books are where you capture all or your businesses’ transactions. Your books contain valuable information to help you run your business. It’s important that they are accurate, timely, and efficiently processed. 

There are so many benefits to hiring a bookkeeping company to take care of your books.

Have you ever wondered if you were doing your books right or if you were missing something in your process? Now you don’t have to worry. You’ll have peace of mind knowing your books are being done right and that everything is correct. Rest assured; answers are as close as your phone.

You’ll love having your time (and stress) freed back up when I take care of your books.  You can focus on your business, let me focus on those never-ending deadlines for you.  No more late nights and Saturdays doing books.  Instead you can spend your time off any way you want – when you want.

I keep accurate financial reports current to give you great insights so you can make Ill-informed decisions to run your business better, faster, more often.

Your books will be right and ready when tax time comes around. You won’t need to spend time worrying since I can work directly with your tax preparer (plus I speak the same language, too).

I can alert you when I see potential waste, extravagant spending, or just when things look a little out of the norm. I can also help you reduce risk, and help identify opportunities in your business that you can monetize.

With knowledge that bookkeeping chores and deadlines are effectively handled, you can focus on your mission for your business and what matters most to you!

I'm a small business owner too - not very different from you. Unlike bookkeeping employees, I don’t need to be trained or supervised. I don’t charge for vacations, benefits, sick time, mistakes, training, or payroll taxes. I don’t get paid when I don’t do the work.  I come “hassle-free,” and don’t bother you with personal problems!  I am grateful to have you as a client, and your relationship is important.  I am committed to earning your trust.

Each month, it’s important to reconcile key accounts, including your bank accounts, , merchant accounts, credit card accounts PayPal account, Venmo,  petty cash, loans and investments. The reconciliation is done by comparing your statement balances with the ones in your accounting system, then taking into account outstanding transactions. Any corrections needed to your books can be made on a timely basis so that your balances remain correct and any processing errors are found quickly before they grow to difficult levels.

The most successful businesses can often fall behind on invoicing, accounts receivable management, and collections. True, the longer a balance remains outstanding, the more difficult it can become to collect. Don’t let your hard work and costs be lost to a simple failure to collect! I can assist with the preparation and distribution of customer invoices, proper recording in the accounting system, payment matching, payment recording, statement preparation, credit memo and refund processing, and collection of past due invoices. I can generate reports to help you manage your customer records and accounts receivable better, including customer balances and aging reports. I can also implement tools to allow your clients and customers to pay online from your invoice with one click, if you want to get set up to do so. If you need help writing off uncollectible accounts or other adjusting journal entries, I can assist to bring that current and help keep it there. 

It’s important that you have the best billing system for your business. I can help with billing system selection, customization, implementation, and integration with your accounting system. Plus, I can consult with your team on the new system as Ill as review and improve your accounts receivable processes to make your business more efficient. 

I love processes, and bill processing, including submission, document management, approvals, check writing, and payments can have an outsized effect on your business. I’m experienced with accounts payable management and can make sure you have the best controls set up to give you peace of mind. I can perform some of the more advanced functions, such as three-way matching, automated payments, expense report processing, invoice fetching, vendor management, automated data entry, and more. Accounts payable is an area where automation has streamlined the process, and I can help you stay up-to-date and efficient with these new processes. 

The whole point of bookkeeping is to find out where your business stands financially at any point in time!

I automatically generate an income statement and balance sheet each month for your business. These are basic reports to help you measure the amount of revenue and profit you’ve made for the period and let you know your means for operations going forward.

Going deeper, there are many, many good reports that can be generated from your accounting system to help you focus on an area or specific goals so you can make smart business decisions about operational spending, staffing levels, marketing, capital purchases, and all of the things you need to know to run your business well.

My bookkeeping services will also provide you with a clean set of books that you can use to prepare your federal and state tax returns. I can make adjusting entries and perform year-end tasks so that you’re all set to turn your books over to your tax preparer. Doing monthly bookkeeping adjustments smooths the year-end adjustments and makes your annual tax and payroll filings that much easier.

Many new entrepreneurs are surprised to find that income taxes are not the only taxes that they need to worry about when running a business. Depending on the types of products and services you sell, you may need to collect, file, and pay sales tax on items you sell. What’s more, you need to know the state, local and tax jurisdiction requirements for every single location you do business.

State and Local Taxes (known as SALT in the biz) are a rapidly changing area due to interstate online sales regardless of whether you’ve ever been in that state or not. States are always looking for more revenue, and this is driving rapid change in state’s requirements for collection as well as expanding what’s taxable. 

It’s almost always better to consult an expert in this area – even before you file your sales tax application with the states. If you owe sales tax from prior years, there are many payment “holidays” and amnesty options that professionals will know about. 

Every business needs an accounting system to keep their books. Examples include QuickBooks Online or Desktop, Xero, Wave, and FreshBooks. You may have an accounting system that is industry-specific. Some perform a great job of tracking transactions in multiple currencies. Some are better at making estimates and tracking profit and loss by jobs or projects. The most important question is whether you have the best accounting software solution for your business. 

I can help you with many aspects of your bookkeeping system: training to improve your efficiency, accounting software selection, setup of new systems, improved customization so you can get better information, migration to a new system, and streamlined workflow design. 

If your accounting software meets your basic needs, but you need additional functionality, I can often solve that with an add-on accounting app.  Add-on application integrations are the latest productivity development for your accounting system that can improve a multitude of things: inventory, invoicing, time-tracking, bill pay, reporting, project management, calendars, virtual meetings, customer relation management, and so much more. I have excellent knowledge of the ecosystem of accounting systems and applications so that I can help you become more productive. 

Managing a business has a lot do to with managing the risks associated with being in business. With every good accounting system (and where money is involved), it’s essential to maintain a proper set of controls. These controls start in your accounting system and expand to your staff’s duties. Accounting professionals call this “internal controls,” and it’s a core accounting concept that impacts every business. I can help you identify risks you may not know you’re taking and tighten up controls to help reduce your business risk. 

If your bookkeeping is a little (or a lot) behind, don’t sweat it! I can have it caught up, often faster than you’d think. I have many tools and techniques that can help import or re-create older transactions to make the work quick.