Our Approach
A Modern Process for Today's Business Environment
Let us help you achieve your goals by getting your business on track. Our three phase approach to your business starts with a roadmap for success and ends with you having more time to focus on growing your business while making informed financial decisions.
Phase 1: Accounting System Implementation & Clean Up
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A robust accounting system is the foundation to your business’s back office. As your business continues to grows you will need a dedicated accounting system to track your financial performance efficiently.
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The goal of an accounting setup engagement is to build a fully functional accounting system based on your business needs. We utilize various technologies that integrate with the accounting system so information is readily accessible, allowing you to stay focused on managing and growing your business.
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Our team begins the process by implementing our accounting software of choice, QuickBooks Online (QBO). We also will perform a clean up of your accounting records so that your books are up-to-date going forward.
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The setup includes:
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Set up a QuickBooks Online (QBO) account with an appropriate chart of accounts, class tracking, and opening balances
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Reconcile all bank and credit card accounts
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Reconcile loan schedules with accurate principal payments and interest expense
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Review fixed assets to track depreciation by the appropriate life and cost basis in QBO
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Training on how to use your accounting system including receipt management system in QBO
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Once your accounting system is set up, it will be ready to track the financial performance of your business on a regular basis.
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We will also provide you with a deliverable that includes a current Balance Sheet, Profit and Loss Statement, and General Ledger as of the time your accounting system was set up.
Phase 2: Monthly Full-Cycle Bookkeeping
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The goal of the monthly full-cycle bookkeeping is to have up-to-date financial information and reports to evaluate your business’s performance in order to make more well-informed decisions for what the future may hold.
Whether you already have an accounting system in place, or we set one up for you, someone eventually needs to handle the month-to-month bookkeeping functions to keep your financial records up-to-date.
If you do not want to deal with the task of keeping up with your company’s books or the hassle of managing an in-house bookkeeper, we can be the solution for you.
The monthly bookkeeping process includes:
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Maintain an accurate record of transactions
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Categorize transactions correctly
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Maintain historical bookkeeping documentation
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Reconcile bank, and credit card account(s) to ensure accurate reporting
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Generate monthly financial reports including Balance Sheet, Profit and Loss Statement, and General Ledger
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Our monthly bookkeeping services allow you to focus on the aspects of your business that you enjoy doing while still keeping a pulse of the health of your business.
Phase 3: Accounting Advisory
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Once your financial information is up-to-date, we look at aspects of your business that can be improved.
Our accounting advisory services are available to you on an as-needed basis to help you review and interpret your financial statements so you can better understand how to use them to make better decisions.
Accounting advisory may also be perfect for you if you want to handle the day-to-day bookkeeping within your own team, but still have the support of an advisor.
Advisory services are customizable and include but are not limited to:
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Financial report review and guidance
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Email support on accounting matters
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Fixed asset and repairs and maintenance account analysis
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Cash flow projections
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Lease vs. Buy - Capital Investments
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Insights into where you can reduce expenses, increase revenues, decrease risk, and/or benefit from financial opportunities
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Accounting process setup, improvement, and documentation
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Chart of accounts optimization
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Accounts receivable support and analysis
How We Start Our Journey Together
FREE
Discovery Call
We’ll learn about your specific needs and see if we’re a good fit for working together. No pressure. No judgments. Takes place via Zoom ~ 15 minutes.
Diagnostic
Review
Next, our team will assess your current QuickBooks data. This allows us to determine the level of cleanup needed and reduce surprises. We will provide you with our findings, recommendations and pricing.
Schedule a
Kick Off Call
Before we start working on your books, we discuss your engagement expectations, timeline, and transfer of the information required to complete your engagement.