Let The Professionals Handle Your Books Ensuring They Are Done Correctly & Saving Your Valuable Time For Growing Your Business
Value Added Bookkeeping & Accounting Services Starting at $40
Need help getting your books in order? We can definitely help. We use Intuit’s QuickBooks and QuickBooks Online for the majority of our bookkeeping requirements. They are user-friendly, have a wide range of features, and can be used to serve multiple purposes. The owner is a Certified ProAdvisor for QuickBooks Online. We also have experience with Rent Manager, Xero, and FreshBooks.
Our bookkeeping and accounting services include: bank reconciliations, adjusting journal entries, accounts receivable and accounts payable tracking, financial statement preparation, and general input. We have experience with everything from basic bookkeeping for a self-employed general contractor to complex bookkeeping and accounting services for multi-million dollar businesses.
Our bookkeeping services are $40 per hour in-house or $45 per hour on-site. Please give us a call so we can determine your specific situation.
We offer “value added” bookkeeping and accounting for interested parties. Value added bookkeeping goes beyond data entry to analysis and application. What does that mean for your business? Value added services can help to determine where your business is spending too much, where it might consider spending a little more, what areas look like audit risks, and make sure your balance sheet and income statement look correct for tax reporting purposes. Here are a few examples for further clarification of what “value added” means (all the following are hypothetical situations) –
1. After completing the annual bookkeeping for the first time for a small deli in Oceanside we notice they have $100 thousand in gross receipts, but their operating costs exceed their gross income resulting in a net loss of $20,000. The owners don’t understand because they offer great tasting, reasonably priced food products, a very nice place to come to, and have heard nothing but good things from their customers. After glancing over the income statement for the last year we notice they spent less than $500 on advertising and promotion. Therefore, we recommend that they consider spending more money on advertising because you can have the best product in the world, but without building a strong presence in the surrounding areas most people aren’t going to know you even exist.
2. An insurance broker calls us up and says he knows how to input transactions into his QuickBooks, but wants us to look it over before he has his S corporation tax returns prepared because he isn’t 100% clear on what is tax deductible and doesn’t know accounting that well. We look over his income statement for the last calendar year and notice he has only $60 thousand in income, but has $22 thousand listed under automobile expense. We let him know having automobile expense that high definitely raises a red flag for audit purposes and ask him if he took out a personal use percentage. It turns out he did not so we figure out his personal use percentage was 25% and record an adjusting journal entry with a debit to shareholder distributions and a credit to automobile expense bringing it down to $16,500.