Giving You Space to Grow Your Business, So You Can Harvest the Fruits of Your Labor
Insanely Simple Process
What You Provide:
All Relevant Business Documents as required:
Sales Invoices
Purchase receipts
Bank Statements
Loan Documents
Credit Card Statements w/expense reports
Other as required
What We Do:
Process transactions into QuickBooks Online.
- ensure Chart of Accounts is meaningful and robust.
- ensure each transaction is posted to the correct general ledger account.
- ask clarifying questions when necessary.
- perform an oversight review for reasonableness.
- reconcile bank and credit card accounts to source documents.
- update the General Ledger regularly.
What You Get:
- Financial data recorded, classified and accurate
- Reconciled Bank accounts
- Reconciled Credit Card accounts
- Up-to-date and accurate Accounts Receivable (add-on)
- Up-to-date and accurate Accounts Payable (add-on)
- Reconciled & up-to-date Fixed Assets, Loans, Owner Contributions (add-on)
- Financial Statement Package
Ways to Understand your Business
Profit and Loss Statement shows a company’s revenues, expenses, and profit or loss over a specific period.
- How much income did the company make over a certain time period?
- How efficiently am I running my business?
- What types of expenses were incurred during a specific period?
- How much were the expenses incurred (matched) with the same period Revenue?
Balance Sheet a snapshot of a company's Assets (resources) and Liabilities and Equity (funding sources) at a specific point in time
- What is my business worth?
- How much cash do I have?
- Lenders typically look at this financial statement.
- Investors and buyers also look at a balance sheet to help assess the company’s financial position.
Statement of Cash Flows shows the inflows and outflows of cash in a company during a specific period, detailing operating, investing, and financing activities.
Statement of Cash Flows shows the inflows and outflows of cash in a company during a specific period, detailing operating, investing, and financing activities.
- Where did my money come from
- How did I spend it?
- How much cash is there to reinvest in the business (Working Capital).
- How much cash is available for daily operations (Business Ops).
- How much cash is available to pay me for my hard work (Reward)