Good records are essential in today’s businesses. Whether small or large, a company’s books are an important decision making tool. Accurately kept books are not only important to the business for decision making but also for applying for loans with banks. Banks or any institution where you borrow money will ask for financial statements. Financial statements required are Profit and Loss Statement, Balance Sheet, and Cash Flow Statement. These will help determine your credit worthiness. By having good financial statements you can determine where you need to improve performance, what position the company is in, and where your business is coming from. Knowing where your business is generating the most sales from puts you is a position where you can better services that area. Financial statements also will let you know where you need to improve services or where you may need to consider changing your marketing strategies. Financial statements are a great tool to use when planning your company’s short and long term goals. They are used for budgeting and forecasting. Lending institutions may also ask for your company budget for two to five years from now.

You can see why bookkeeping is very important. These services can be outsourced and can be very cost effective. Outsourcing avoids having costly personnel when the business is starting or not in the position to afford addition staff. We provide all the services that a company needs in order to better analyze its position.  Good bookkeeping also makes it easier when preparing your tax return.

These are just some of the services we provide:

  • Keep your general ledger, accounts receivable, accounts payable and inventory modules up to date.
  • Bank reconciliations and credit card reconciliation.
  • Help you setup online payments for vendors.
  • Post payroll and all entries needed to the general ledger.
  • Sales tax reporting and filing online
  • We can do bookkeeping in your office every week or provide you with online services.
  • Help you find bookkeeping software for your business needs