Extended Service Offerings
Accounts Receivable represents the money due to your company for services or goods provided to your customers. Many times there will be an extension of credit as a good faith relationship between companies and other companies or customers.
The accounts receivable function does not only deal with depositing the money, but many times, following up to see why is has not been received, when it will be received and if late, how the customer intends to pay.
As a rule, the longer a debt is outstanding, the harder it is to collect. Therefore, it is an important part of the accounts receivable function to also estimate amounts that are unlikely to be collected.
We are happy to help with you AR functions and help make sure income and receivables that are unlikely to be recovered are accurately reported.
We can manage the processing of your accounts payable bills. This process involves three key metrics.
– Processing invoices only after verifying them as being both legitimate and accurate.
– Accurate reporting of payments to the correct general ledger accounts.
– Accrual of expenses and future obligations that are being prepared for processing.
We can help add accuracy and efficiency to the AP process.
We can work with you to provide a full bookkeeping and payroll solution. We are happy to help with payroll services.
Statistics show that about one-half of small business owner spend around 5 hours per month on payroll. In addition, over 10% more spend as much as 10 hours a month on payroll. Estimated cost for payroll plus time spend doing payroll functions equate to somewhere between $1000 and $5000 dollars each year.
In addition over 30% of all employers file erroneous payrolls. These mistakes can be even more costly in time spent, additional payroll payments to correct numbers or pay fines and penalties. In addition, these mistakes can affect the relationship between your business and employees.
With all the risks and costs incurred in handling payroll, it makes sense to get professional processing. Allow us to help put an end to the madness.
We can help create a budget based on your past financial history and input from you regarding goals and expected future events.
Use your past to help create a better, more predicable future. Historical analysis can help create a more realistic budget to keep you on a path of growth.
We gather industry data and compile it so you can see how your company compares to others in your industry.
While it an expensive process, it can have a huge positive result on your bottom line. This is an in-depth apples to apples comparison of your business and others similar to yours in the industry. This helps identify areas where others are improving revenue, lowering cost, or improving efficiency with respect to your business on a one-to-one basis.
Like many businesses, when there is too much to do, something has to go. While we don’t recommend letting the books go, we certainly understand the pain of needing time.
We can help bring your past financial records up to date. We can also help with the process of doing trial reports and looking for errors in the records.
If the process involves bringing tax filings up to date, we can help there too.
We can help customize the business reports you need to represent your business. Maybe you need reporting by location, by service, or by product.
We can help select the platform and the apps to provide the services you need. We are also available to assist with reporting customization so you can see the data you need to make decisions and see trends.
We can provide Bookkeeping software and apps on a subscription basis to help you with your business needs.
Optionally, we can provide training and assistance with your software configuration. We can also provide support as needed with your account to keep things running smoothly.