Bookkeeping Services.

Our Services

Full Service Bookkeeping

Specializing in QuickBooks based systems, we offer full service bookkeeping, payroll support, clean ups, and more.

Clean Up (Full year, partial or quarterly)

Comprehensive Review and Corrections: Thorough examination and adjustment of all financial entries for the covered period.
Data Entry and Reconciliation: Ensuring all accounts (bank, credit card, etc.) are accurately reconciled.
Financial Reporting: Monthly reports for each period, End-of-period summary reports.
Final Review Meeting: A detailed discussion to review all entries, reports, and final figures.

Full Monthly Bookkeeping

Weekly Entry of All Financial Activity: Ensuring up-to-date records.
Verification and Clarification: Regular checks with you to address any discrepancies or questions.
Reconciliation of All Accounts: Bank, credit card, and other accounts are balanced monthly.
Detailed Financial Reports: Profit and Loss Statement, Balance Sheet, Vendor expense summary report.
Monthly Review Meeting: Discuss reports, review account activity, and address any financial concerns or goals.

Monthly Reconciliation Services

Account Reconciliation: Ensuring all accounts (bank, credit card, and others) are accurately balanced each month.
Financial Reporting: Profit and Loss Statement, Balance Sheet (or other relevant reports as needed).
Review Meeting: A monthly session to discuss and analyze the reports, ensuring clarity and addressing any questions or concerns.

Teaching / Mentoring

Process Review: Tailored guidance on the specific processes the client wishes to master.
Customized Documentation: Development of detailed, step-by-step written instructions specific to the client’s workflows.
Ongoing Support: Aid and clarification as needed to ensure the client’s confidence and proficiency.

Budget Creation / Monitoring

Budget Development: Review of Previous Year’s Activity: Analyze financial performance from the previous year (if available) to identify trends and key insights.
Industry Benchmarking: Assess industry standards for fixed costs, variable costs, labor expenses, and other business-specific costs to ensure accuracy and competitiveness.
Budget Tool Creation: Develop a customized budget tracking tool, either within existing software or as an easy-to-use spreadsheet. This tool will monitor actual spending versus the budget, support budget adjustments, and facilitate ongoing analysis throughout the year.
Follow up Meetings: The budget plan includes the following meetings:
Setup: (30 min to 1.5 hours) Initial session to establish the budget framework.
Implementation: (1hour) Review the tool and processes to ensure smooth rollout.
Ongoing Reviews: Depending on client needs, follow-up meetings will be held either monthly or quarterly to assess the budget’s progress, address adjustments, and make data-driven decisions using insights from the budget tool.

Forensic Review

Comprehensive Inspection: Bookkeeping software and POS systems.
Bank records and financial processes.
Video recordings (if applicable).
Loss Identification: Pinpointing discrepancies or fraudulent activity.
Detailed Reporting: A thorough report outlining identified losses and providing actionable recommendations to prevent future incidents.

System Determination and Set up

Customized System Selection: Assisting in choosing the right tools for your business needs, including bookkeeping, POS, payroll, and credit card processing systems.
Comprehensive System Review and Integration: Evaluating and integrating all systems to ensure seamless operation and data flow.
Expertise in Multi-System Environments: Leveraging extensive experience to optimize the use of multiple systems for efficiency and accuracy.
Custom Excel Solutions: Developing tailored, cost-effective Excel tools for accurate business tracking, eliminating the need for recurring software fees.

FAQ Question

Frequently Asked Questions

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Why is Tax Advice Important?