Book Keeping / Accounting Outsourcing Online

The purpose for both is keeping track of your company's income and how it spends that money. Bookkeeping is the day-to-day record keeping such as managing the receiving and payment of bills, managing the sales and receiving of payment from customers, and payroll processing. Accounting is the next step after bookkeeping. It starts where bookkeeping left off: Reviewing the bookkeeping processing, completing bank reconciliation, credit card reconciliation, completing payroll tax returns, sales tax returns, property tax returns and compiling the periodic financial reports that summarize all of the record-keeping data.

We perform the bookkeeping one of three ways: 1) Accounting Softwares Online 2) Cloud hosted platform or third party login like Log me in to use Tally or Other Platform Desktop or Enterprise or 3) Locally on our computer and send you back the file when complete. Depending on the schedule that you choose for the books to be updated, we can perform the bookkeeping services daily, weekly, twice monthly, monthly, quarterly, and annually. Whenever our scheduled time occurs, the day before is the deadline to turn in documents that relate to the bookkeeping; bills, checks written, etc. During this update day, we will also perform any other tasks that may be due to process; online banking activity, payroll, paying bills, and reconciliations. We have many clients that don’t provide any documents, we can access the banking and credit card accounts online. This allows the bookkeeper to grab statements, look up check images, deposit details and be able to fill in a lot of the missing details without having to ask the client for all the information. If you don’t feel comfortable with that, we will rely on you to provide all the information. You should also check with your bank, many these days allow for view only access where we are assigned our own login.

Transitions are tricky, but preparing your business to switch to an outsourced accountant doesn’t have to be hard. Make your new financial partner is a good fit, plan ahead and be sure to budget enough time, set goals, and be mindful of potential obstacles. Read more tips here.

Mixing business and personal finances is a major problem for small-business owners. Not only does it create headaches at tax time, it also makes it difficult to track the profitability of your company. Worse-case scenario: you get audited by the IRS and end up with major fines. Keeping these two parts of your money life separate is essential to preserve your sanity and to ensure you have a sustainable business model. Here are some tips to help you divide the two.

As your business expands, your financial needs and concerns are going to be dramatically different than they were even a year ago. There are three tell-tale signs you’ve outgrown your firm: 1) They can’t help you when you need to borrow money or expand your business, 2) They can’t provide advice for your business plan or expansion goals, 3) They file something incorrectly because it was too complex. Read more about these three warning signs here.

It depends. We’d be happy to have a brief consultation to provide personalized financial advice for your new business, but at a high level, you need three things: a strategic plan, consistent accounting records, and expert advice. Read more about these three elements of financial success here.

You should include items from a few categories: revenue, cost of goods sold, cost of labor, and operating expenses