Outsourced Accounting and Bookkeeping Services
As an owner of a business, it is vitally important that you have the financial information you need to run the business effectively. You will also need financial information to provide to outsiders such as your bank or to various taxing authorities.
The necessity for good, well-organized financial records cannot be over emphasized. One of the mistakes made by some entrepreneurs is not keeping good financial records and therefore not having sufficient information to make good business decisions or not receiving warning signals of potential problems such as a likely future cash crunch. It is also extremely important that financial records adequately support all tax returns filed with the IRS, state department of revenue and department of labor.
Questions you will want to ask in developing your accounting and financial reporting system are:
- Who will need and want to see the financial information?
- What information do we need to manage the business?
- What information will be needed to satisfy the government, regulatory and taxing authorities?
We have numerous clients whom we serve as their complete accounting back office. These clients have completely outsourced their accounting requirements to our firm. Therefore eliminating staff, computer hardware and software, and record storage costs. We provide services including, processing payroll, paying invoices, reconciling back accounts, posting to the general ledger and preparing financial statements. While in other engagements we simply prepare monthly or quarterly financial statements from source documents provided by the clients. We work with a variety of accounting software products and have staff members who hold certifications as experts for both Quickbooks and Xero accounting software.