In charge of day-to-day tasks such as paying bills, posting accounts receivables, performing bank & credit card reconciliations and issuing 1099s. They are responsible for entering all financial data in the bookkeeping or financial management system.
Analyzes the financial data and provides business owners with financial advice giving you a complete picture of where your finances stand, what they mean, what you should do about them, and where you can expect to take your business in the near future.
It’s important for all businesses owners to develop a sound financial strategy with oversight for their businesses as they operate and grow. The CFO is a forward-looking role focused on the strategic financial direction of the business.
In order for a business to be successful, you must understand financial literacy to make the smart business decisions, but as a business owner, you shouldn't be doing it yourself and should be working ON your business not IN your business. Your books are a tool to help you succeed and when they are inaccurate, your path to growth and better cash flow will be distorted.
The core of your accounting platform is accurate data entry, review, and bookkeeping. Our bookkeepers will organize your information, from performing data entry to carrying out core operations. We make sure your data gets recorded correctly and on time— including invoices, bills, expenses, and deposits.
We understand that every client's needs are different, so we pride ourselves on being able to set up customized bookkeeping services that are tailored specifically to the needs of each individual client based off their goals.
In order to determine how our bookkeeping services can best help you run your business, we will start with a thorough assessment of your needs and then design a system that can grow alongside your company. Outsource your bookkeeping and let us create your chart of accounts, establish accounts payable and receivable policies and procedures, design a payroll system and more. One of the benefits of outsourcing bookkeeping is that when the time comes to secure financing or investors, you will have all the systems, controls and reports in place you need to make better decisions and impress your potential partners.
We take the weight off your shoulders by handling your bookkeeping needs monthly. You get monthly updates to show you how your business is doing with highlights of what really matters, where your money is going, and how to increase profits.
As bookkeeping is a crucial part of your financial success, accounting is a high-level process that uses financial data compiled by a bookkeeper to produce financial models.
A key part of the accounting process is analyzing financial reports to help you make business decisions. The result is a better understanding of actual profitability and an awareness of cash flow in your business. The information from the general ledger gets turned into insights that reveal the bigger picture of the business, and the path the company is progressing on.
Review of your financials are done either monthly or quarterly along with tax planning to ensure you are aware of what your tax position will look like before the year is over.
It is important for all businesses owners to develop a sound financial strategy with oversight for their businesses as they operate and grow. However, many business owners mistakenly attempt to take on the responsibility to develop their own financial strategy without any guidance from experts. Most business owners don't hire an internal CFO due to the hefty cost, but outsourcing your CFO to bring your business to the next level is significantly cost effective while bringing deep financial expertise.
A cash flow forecast can be a valuable growth tool, allowing you to make sure you have the right amount of money at the right time. Forecasting your cash can help you anticipate cash gaps and surpluses well in advance while budgeting is a blueprint for how your company is expected to do business in the next financial year.
We’ll actively help you find and execute on new ways to save money, underutilized opportunities where your profit margin is excellent, and help you look forward towards a brighter, more profitable future with streamlined costs.
We’ll help staff and develop your finance department, then optimize performance through SOPs and regular training, so that you can enjoy a more robust financial function without taking on the project in-house.
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