Bookkeeping Services

Here's a breakdown of what we can do for you:

Transaction Management: We meticulously record, categorize, and analyze all your financial transactions, ensuring accurate data for informed decision-making. The more we collaborate, the more accurate and detailed we can make be. 
Payroll Management: We handle all aspects of payroll processing, including taxes, deductions, and deposits, ensuring timely and accurate payments to your employees.
Chart of Accounts Structure + Oversight: We design and maintain a clear and organized chart of accounts, the foundation for accurate bookkeeping and financial reporting.
Process and Software Management: We help you select and implement the right accounting software for your business, and ensure efficient workflows for optimal results.
Clean-Up / Catch-Up Work: We tackle any backlog of transactions or reconciliations, getting your books in order and providing a clean slate for moving forward.
Monthly Audit by CFO-Level Professional: A qualified financial expert will review your financials monthly, providing valuable insights and guidance to optimize your financial health.

Why We Recommend You Manage Invoicing and Bill Pay:

While we can advise on best practices, automation, and managing these processes, we generally recommend that small businesses handle invoicing and bill pay internally (delegate to an office manager, COO, etc). Here's why:

Maintaining Cash Flow Control: Managing your own invoicing and bill pay keeps the flow and control of cash within your business. This allows for faster turnaround times on edits, updates, and changes to invoices and bills, giving you greater agility.
Improved Visibility: By handling these tasks in-house, we have real-time visibility into outstanding invoices and upcoming bills, allowing for better cash flow management.
Streamlined Communication: Internal control of invoicing and bill pay facilitates direct communication with vendors and customers regarding any questions or changes.

We can handle your invoicing and payroll processes, but we manage the finances of many clients and want to acknowledge up-front that the turnaround time and economics will diminish by outsourcing it to us. 

By outsourcing the tasks we specialize in, you can free up your valuable time and resources to focus on your core business activities. We'll provide the financial insights and expertise you need to make informed decisions and achieve your financial goals.

Without clean, accurate, and up-to-date financial records, it's nearly impossible to understand your business's financial situation. A budget, cash flow forecast, or set up KPIs will be largely useless without accurate records; as the saying goes... Garbage in = garbage out. 

Strong bookkeeping will also help you verify that you are in compliance with tax regulations and  following best practices for recording transactions.

Instead of focusing on debits & credits and making sure that your books balance at the end of the month, we go the extra mile to make sure it makes sense.

Our accounting team will handle the debits and credits, and then ask questions like...

• Are retirement expenses overstated?
• Did we really pay that much overtime?
• Why is an expense category negative?
• Who approved this massive purchase? 

We try to save you as much time as possible by addressing as many of these types of questions as possible on the front end instead of waiting for you to bring it up. 

Absolutely! In fact, we strongly encourage it prior to us beginning our regular bookkeeping and fractional CFO services. We use historical financial records to create budgets, forecasts, and strategic plans; creating those based on inaccurate information will be detrimental.

We do clean-up work to ensure compliance with regulatory standards and verify the accuracy of forward-looking documents we prepare. 

Once we clean-up historical financial records, we also make sure that your systems, software, and processes are appropriate given the size and complexity of your business.

We'll use our findings from the Drake Check to create the scope of clean-up work. 

Bookkeeping is the foundation that helps us understand your business, identify opportunities for growth, and make great decisions. The value of bookkeeping is maximized by the insights of our fractional CFO team; as such, these two functions work hand in hand for each business.

So, while we can do just bookkeeping for you, we'd strongly encourage using both of these services in conjunction. The value-add is much larger when you have them both.