Accounting and Bookkeeping Services
Minimizing exposure to various financial and audit risks. If you care about the future of your company, hire a bookkeeping service today.
A bookkeeping service does more than just record payables and receivables, or manage payroll services, they guarantee the security, scalability, and success of your business.
It doesn’t matter where your company is located, virtual bookkeeping staff can give you all the advantages you need to stay open and profitable for many years to come.
Bookkeeping is an essential part of running a small business. It helps the small business owner prepare financial records, keep track of cashflow, and help prepare for the future.
Now it’s time to take your business to the next level and ensure its future success by putting an accounting team in place. One of the easiest ways to secure an experienced, certified, professional bookkeeping service is to outsource to a complete bookkeeping service company. In fact, you can outsource an entire accounting department including an accounting technology specialist, full charge bookkeeper, and controller all through an outsourced service without having to create any internal expertise.
What Bookkeeping Services Do
A bookkeeping service offers a three-tiered approach to developing and maintaining your company’s overall financial processes and management.
The first prong is created by the accounting software specialist. He or she creates your accounting data file so that it’s tailored to the specific needs of you and your business. He or she will ensure that you have access to the software and reports you need.
Next is the full-charge bookkeeper. The basic duties of a bookkeeper: to track payables and receivables and keep all your business’s financial transactions documented. A full-charge bookkeeper can also manage payroll, handle deposits, create and maintain financial reports, manage the ever-changing world of sales taxes as well as quarterly taxes and withholding. Bookkeepers also reconcile bank statements to internal accounts and even help during an internal or IRS audit.
The third prong of the bookkeeping service, the controller. The controller increases the company’s overall financial accountability and checks and balances. A controller reviews the bookkeeper’s ledger for accuracy while also maintaining the integrity of the accounting data file in the future so that adjustments can’t be made without approval. Lastly, a controller issues monthly financial reports highlighting any critical issues that you need to understand and possibly address.
How A Bookkeeping Service Benefits Your Business
Bookkeeping services implement and maintain a consistent financial process that strengthens the health of your company and helps to create and encourage uniformity in tracking, paying, and reporting. The value of this is immeasurable as it insulates your business from many costly and dangerous risks.
The team also works to reduce your overall expenses. Not only do they ensure that books are maintained properly to avoid costly mistakes, fees, and penalties, but they can also help alert you to waste and mismanagement of supplies and inventory.
All while saving you time since you will no longer need to try and perform these tasks yourself. The processes and consistency introduced by one can increase the longevity and efficiency of your business, making you more profitable for decades to come.
Not to mention, having access to up-to-date financial statements instantly is a great benefit.
The Step for Perfect Action Delivery Result
Requirement Analysis
It involves the systematic and detailed study of stakeholders’ needs, objectives, constraints, and expectations to define and document the requirements that a product, system, or project must meet.
Design & Planning
These phases involve the creation of a blueprint or roadmap that outlines the structure, features, and processes for a project, product, or system.
Implementation& Delivery
The plans and designs developed during the planning phase are put into action, and the project’s objectives are achieved. Successful implementation and delivery involve executing the project according to the established specifications, schedules, and requirements.