An Overview of Our Bookkeeping Services
The highest level of professionalism and integrity while handling your bookkeeping and business needs are our priority. This allows you to focus on running and growing your business while in the background, we handle your day to day accounting tasks. We deliver accurate, timely, and dedicated service to our clients to ensure you can evaluate your financial position and achieve your goals.
Bookkeeping Services We Offer
Many times business owners come to us once the fires of their books are getting out of control. It is a shocking first eye-opener into how important proper bookkeeping is.
We review and reorganize your existing Chart of Accounts around your business to make financial statements easier to read and line up with yearly tax categories. Once the restructuring is complete, we recategorize transactions, set up needed liability accounts, and review reports for inconsistencies.
Keeping up with your monthly transactions helps alleviate end of year stress come tax time. This involves entering all money in/money out transactions, to include: income/revenue and sales receipts, bank deposits, cash withdrawls, asset recording, expense transactions, and journal entries.
Keeping your books matched to your bank feed is important to get an accurate financial position. Because bookkeeping is more than what is in your bank account, we use monthly reconciliations to show what has cleared the bank and what is outstanding. We can also check for errors caused by duplicate entries and bank errors.
Good reports provide indicators that effectively measure the health of your business. We can provide both monthly, quarterly, and/or yearly financials.
Examples include: Profit & Loss, Balance Sheet, Cash Flow, and Monthly Reconciliation. We can even design custom reports depending on your needs.
Don’t let tax time be stressful. Our clients have learned the value in letting us compile all the records while they spend their new year growing their business. Once we finish our review, we provide all year end statements, general ledger, and any additional reports needed as requested by your CPA. If you do not currently have a CPA you’re working with, we can put you in touch with someone near you.
We work with Gusto, a nationwide payroll provider, to process our client’s payroll. This ensures all taxes are collected accurately due to constantly changing federal/state laws and employees are paid on time. We submit wages, overtime, holidays, and benefits to your payroll processor every pay cycle. We also manage setup and integration with your accounting software, adding new employees, modifying payroll journal entries, and handling any conflicts if they arise.
What You Can Expect From Us
We have served both small and mid-sized businesses for over 5 years, helping them navigate the highs and lows of our ever changing economy. It is our commitment to provide our clients with top-notch services at a fair price. When you choose to work with us, you get the following:
Dependability
Bookkeeping is essential to manage and grow your small business. Your company needs someone they can rely on when you're trying to get that loan and need up to date financial records. Or when that dreaded tax audit letter comes in the mail - you need someone who can help navigate the process and compile the needed records. Or perhaps you're thinking about expanding. Just give us a call or shoot us an email and we can get you what you need.
Accuracy
Our approach is to do everything to our best ability and accurately the first time. We take the time with each of our clients to help you carefully track your income, expenses, assets, and liabilities so that you have the correct information. Accuracy cannot be overstated.
Efficiency
Time is our most precious resource and as managers and business owners, we never have enough of it. Our goal here at IBS is to provide top-quality services with minimal output on your part, allowing you to keep your focus on your business.