Packages offered

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For clients looking to outsource their basic month-end bookkeeping responsibilities. Your books contain valuable data and important insights to help you run your business and it’s very important that your bookkeeping is accurate and up to date. Gain a better understanding of your business numbers first then plan for growth.

Reconcile all Bank and Credit Card Accounts

Substantiate all Balance Sheet Account Balances

• Verify Loan Balances
• Verify Asset Values
• Investigate unusual and unexpected balances

Review Income and Expenses

• Ensure transactions are correct for period reviewed
• Ensure all Payee’s are listed and documentation present
• Correct unapplied payments and undeposited funds

General Ledger Maintenance

• Ensure transactions are correctly categorized

Monthly/Quarterly/Yearly Close of books

Standard Financial statement preparation

• Balance Sheet, Profit and Loss Statement, Statement of Cash Flow

Communication with CPA/tax professional at year end

This package is for peace of mind. After you have entered all income and expenses for the month and all relevant banking and credit card statements are available, we will reconcile your accounts and ensure correct categorization. We will review financial statements and verify balances. We will provide standard reviewed financial statements and answer any questions you may have and then close books for the period of your choosing. 

Standard Financial Statements - The foundation for a company’s overall business operation is its financial status. It’s difficult for a company to make purchases, set goals, or plan for the future without an understanding of its financial status. We translate data into financial reports so companies can make strategic financial decisions in the short and long term.  Your business Balance Sheet, Profit & Loss Statement along with your Statement of Cash Flows are key financial reports that summarize your company’s health. These key financial statements tell a story about what’s working and where your money is going for decision support. Think of your Balance Sheet as a snapshot of your company’s financial standing at the end of a specific period. It contains a statement of the liabilities, assets and capital owned by the business. 

Don’t let data entry management distract you from growing your business. All the benefits of outsourcing your basic bookkeeping responsibilities while also allowing you time to focus on growing your business.

Outsourcing your data entry process is essential to not only saving you time but money as well! Your books will be accurate and CPA ready at tax time without the cost of having the CPA correct them.

Reconcile all Bank and Credit Card Accounts

Substantiate all Balance Sheet Account Balances

• Verify Loan Balances
• Verify Asset Values
• Investigate unusual and unexpected balances

Review Income and Expenses

• Ensure transactions are correct for period reviewed
• Ensure all Payee’s are listed and documentation present
• Correct unapplied payments and undeposited funds

General Ledger Maintenance

• Ensure transactions are correctly categorized

Accounting for inventory and COGS (includes time tracking from payroll to post to jobs)

Posting of A/R and A/P to General Ledger

Accounts Receivable Review

• A/R Aging Reports
• Monthly payment notices for outstanding invoices

Sales and Use Tax Reconciliation and Reporting

Monthly/Quarterly/Yearly Close of books

Standard Financial statement preparation

• Balance Sheet, Profit and Loss Statement, Statement of Cash Flow

Communication with CPA/tax professional at year end

Accounts Receivable (Billing clients) Many clients prepare their own invoices in-house. They know what products or services were provided, when they were provided, and for how much. When clients prepare their own invoices, we receive the billing information from them after the fact and enter it into the system in order to record sales and track accounts receivable.  Once payment is received from a customer it is posted to the corresponding open invoice on our system to indicate that payment has been made against a specific invoice. Depending upon the needs of the client, processing can be done weekly, bi-weekly or even monthly. Accounts Receivable aging reports are available to monitor outstanding customer balances and we will send payment notices monthly on outstanding invoices.

Accounts Payable - We receive vendor invoices from our client and enter into our system as accounts payable. Some invoices require job costing, some need inventory tracking and others are simply posted to the books as an expense. We either match the invoice with a bank or credit card statement at month end and mark as paid or the client can deliver a weekly report of payments made, or give us access to a shared bill pay program to show payments made, to be matched to open invoices thus keeping the accounts payable and cash balances more current.

Don’t let data entry management distract you from growing your business. All the benefits of outsourcing your basic bookkeeping responsibilities while also allowing you time to focus on growing your business.

Outsourcing your data entry process is essential to not only saving you time but money as well! Your books will be accurate and CPA ready at tax time without the cost of having the CPA correct them.

Reconcile all Bank and Credit Card Accounts

Substantiate all Balance Sheet Account Balances

• Verify Loan Balances
• Verify Asset Values
• Investigate unusual and unexpected balances

Review Income and Expenses

• Ensure transactions are correct for period reviewed
• Ensure all Payee’s are listed and documentation present
• Correct unapplied payments and undeposited funds

General Ledger Maintenance

• Ensure transactions are correctly categorized

Accounting for inventory and COGS (includes time tracking from payroll to post to jobs)

Posting of A/R and A/P to General Ledger

Accounts Receivable Review

• A/R Aging Reports
• Monthly payment notices for outstanding invoices

Sales and Use Tax Reconciliation and Reporting

Monthly/Quarterly/Yearly Close of books

Standard Financial statement preparation

• Balance Sheet, Profit and Loss Statement, Statement of Cash Flow

Communication with CPA/tax professional at year end

Financial Report Analysis

Cash flow Analysis - Cash is King!

• Analyze your cash inflows and outflows to assess cash-flow risk
• Understand and monitor your company’s liquidity

Budget Tracking

Customized reports, KPI dashboards

• Advisory for business profitability and growth
• Understand the story your numbers are telling about the business
• Create as many customized reports necessary