Bookkeeping
Bookkeeping is vital for your business, but you may not have the time to do it because you have a business to run. Now you need to find someone trustworthy to take over this task. That’s why we’re here, because we understand that you need assistance. Your bookkeeping paints a picture of your business and it need to be painted with accuracy and detail, and we’re here to do just that which means that this will be completed with care.
Financial Analysis
If you are not understanding the meaning behind your numbers, we will explain it with key metrics and plain English. We will provide detailed notes of what occurred during that time frame along with comparing it to your financial performance from previous periods to notate any major changes. We want you to fully comprehend your financial statements, and our goal is for you to also see if your business is growing in the right direction.
Budgeting & Forecasting
Strategic planning is key to future success, and creating a budget and forecasting for your business is a major component of strategic planning. A budget helps you to remain cognitive about your expenses and spending habits while forecasting pertains to setting attainable and realistic revenue goals. Your budget will derive from historical data as well as taking the economy’s inflation rate into consideration when forecasting your revenue because we want you to be as close to accurate when reviewing it alongside your actual data throughout the year. In order for you to know where you’re going, you need to know where you’ve been, and budgeting & forecasting will get you to your desired destination.
Tax Planning
Are you pay entirely too much in taxes? That means it’s time to start planning how your business funds should be allocated to lower your tax liability. The earlier you begin to plan the better. Once the year is over, your options are very limited in reducing your taxes, so the earlier you begin to plan ahead, the better. It is your money you worked hard for. Don’t let Uncle Sam get a good portion of it.
Goal Setting
Goals are the stepping stones to reaching your purpose, and setting goals along with working actively towards achieving them takes discipline and dedication. Every moving piece of our business relates to revenue, so we will analyze it to gain a better understanding of what’s needed to establish clear goals for you to attain. We will also be your accountability partner to make sure that your goals are being met as well as sending words of encouragement to keep you motivated. We want your business to succeed as much as you do.
Accounts Payable
Paying your business expenses is just as important as receiving money for your business. Paying your vendors on time establishes and builds trust, which could lead to discounts. Invoices will be carefully reviewed to reduce administrative error and fraud, reports will be provided on which expenses were paid, the amount and its remaining balances, and cash flow will be reviewed to make informed decisions on how these expenses will be paid.
Accounts Receivable
Money earned for your business is what keeps your business alive, but it can be time assuming. Sending invoices, sending payment reminders, collections, etc. deprives you of making more money for your business. Leave this to us! We will streamline a system to collect your funds, reducing the amount owed, while you focus on making more money. Invoices and payment reminders will be sent to your clients on your behalf, and reports will be given on funds received, the clients remaining balances, and profitability of each product or service provided.
Cash Management
You’re able to generate a lot of revenue for your business, which is great! Are you able to manage and retain it? Think about it. This may be the reason why you’re not able to take your business to the next level because you’re not properly managing the funds you currently have. We’ll identify your cash flow issue and manage your money depending on your goals, which will also result in a better financial performance for your business. It is important before obtaining more money to get your money management under control. Why? How would you be able to manage and retain more revenue if you can’t handle the revenue you have now?
Taxes
It’s that time again! You need to file your taxes, and we are here to relieve you of this nightmare. Filing taxes is more than just being compliant with the IRS, it is ensuring that you are utilizing every tax deduction and tax credit to minimize your tax liability. We review your financial statements to confirm that you are deducting every business expense and utilize other tax deductions to maximize your savings. Our goal is for you to walk away from tax season with a smile on your face because you were able to keep your hard–earned money away from Uncle Sam.
Ready for IV The Books to Steer You to Prosperity?
If you are ready for us to manage your business finances, or if you have any additional questions before choosing us, please fill out this contact form below and we will reach back out to you within 1 business day.
