As a self-employed small business owner, you have more to do than you have hours in your day.  While your aim is to save money by doing as much as you can yourself, it often leads to frustration and takes away from the things you enjoy about your business.  It may also cost you more money in the long run.  There is a solution! We have a simple program for self-employed small business owners who are looking to outsource their bookkeeping. 

“But I already have a great bookkeeper or accountant, what can you do for me?”

Who this service is usually for?

• Self-employed person or small business owner who writes checks and make deposits (or has someone who does) but still needs an accurate set of books.
• Self-employed person or small business owners who want to reduce the costs of having a bookkeeper on staff.
• Self-employed person or small business owners who have someone who writes checks, makes deposits and other administrative tasks, but want to keep the company books outside of their office.

Features

• You provide copies of check stubs or check register, deposit slips and payroll.
• Use a customized client checklist provided by us to assist in gathering information.
• We enter the checks, deposits, and adjusting entries necessary into an accounting system.
• Features may vary depending what is appropriate for you. 

Benefits

• You save time, frustration, and aggravation by not doing your own bookkeeping.
• You save money in mistakes not made.
• You have more time to work on ways to make more money in your business.
• You have more time to spend with family, hobbies, etc.
• You may not need to hire a bookkeeper.
• Your bookkeeping will be reviewed by a CPA.
• You know where your business stands on periodic basis.
• Proactive tax and business planning will be easier, since your CPA will have profit numbers at his/her fingertips.
• Tax time is easier since tax preparer already has info needed to prepare the tax return for your business.

You will get

• Bank reconciliation(s)
• General Ledger (detail of what the business owns, what the business owes, business net worth, income and expenses of the business)
• Trial Balance (summary of what the business owns, what the business owes, business net worth, income and expenses of the business)
• Other reconciliations as appropriate
• Amount of net profit for period to date
• Financial Statements (if needed)

As a self-employed small business owner, you may already have a bookkeeper and/or an accountant that you are happy with.  Other questions to ask yourself are:  Is my business working for me to provide for my short-term and long-term financial goals?  Am I taking advantage of every tax savings available to my business?  We can work with your accountant to tailor services to your specific needs, such as:
Business Tax Services
Year-end Planning
Personal Tax Services
Personal Financial Planning

Compiled Financial Statements – These are the most basic level of financial statements. There are professional standards that a compilation has to meet as set forth by the American Institute of Certified Public Accountants. (AICPA) This kind of financial statement is restricted to information provided by management.  Sometimes it is necessary that “other accounting services” (as described above) be performed prior preparation of financial statements. These financial statements have not been reviewed or audited.  There is no opinion expressed on them. There is no requirement to verify or confirm the records or to analyze the statements for accuracy. If there are errors found, then management will be notified. Banks or other interested 3rd parties may require a compilation.

Reviewed Financial Statements – These financial statements require a higher level of service than compiled financial statements.  This level of service is less in scope than an audit. There are professional standards that a review has to meet as set forth by the AICPA. The process can work like the compiled financial statement with additional inquiries and analytical procedures that the CPA will have to perform. If the CPA did not become aware of any material modifications that need to be made to the financial statements, then the financial statements can be completed. Banks or other interested 3rd parties may require a review.

Audited Financial Statements – We do not do audits.