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What Level of Small Business Bookkeeping Services Do You Need?

Bookkeeping services for small business ownersHere at AccountingDepartment.com, mid-size businesses with revenue in the $2 to $25 million range, and sometimes up to $50 million, have always been the core of our company, our bread-and-butter, as it were. (Or, for our New York readers, bagels and cream cheese…)

But we recognize that smaller businesses with revenue below $2 million, as well as start-ups of every size, also need bookkeeping services, and they want to choose a company they can trust. It’s just that their needs are different than those of larger companies.

If you’re a small business owner, you probably don’t need full-time daily bookkeeping services. You probably haven’t been through those challenges of going through strings of really bad bookkeepers or administrative assistants who convinced you they knew QuickBooks – and then it turns out, they didn’t. Just wait. If all goes well, you’ll get there some day.

For now, your challenges and sentiments probably look more like the following:

  • “Bookkeeping? What? Oh, yeah, I probably should keep track of my spending.”
  • “Bookkeeping? Here are all my receipts. Oh, wait, there’s a few more in the glove box of my car… or did I leave those in the rental car on my last East Coast trip to see investors…?”
  • “I’ve got QuickBooks. What do I need a bookkeeper for?”

Whichever category you fall into, we can show you exactly why you need outsourced accounting services for your small business, and what level of service you need from your small business bookkeeper.

 

A Software Specialist You Can Trust

When you first launch your company, it’s important to get started on the right foot with the best bookkeeping software available for small business, and a professional to set you up so you’re leveraging that software to the maximum capabilities you need.

This may include issuing checks and receiving payments directly in QuickBooks, as well as integrating the software with multiple third party apps to handle marketing, budgeting and more. In the early stages, you probably don’t need to worry about a CRM, because you have no customers to speak of, but it’s good to know the software will grow as your company grows to provide that level of functionality.

Monthly Bookkeeping Services for Small Business

Most start-ups don’t require daily, or even weekly, bookkeeping services. On a monthly basis, your full-charge bookkeeper will complete the tasks that you don’t have the time, aptitude or desire to do. Those annoying bookkeeping jobs that pull you away from the core of your business – or you simply back-burner them forever.

This includes:

  • Recording and reconciling bank activity
  • Recording and reconciling credit card activity
  • Preparing sales return
  • Recording payroll
  • Printing financial statements

Financial Statement Analysis: The Key to Better Business Management and Operations

If you opt to enlist the services of a financial controller on a monthly or quarterly basis, you will not only receive your financial statements on a monthly basis, but your controller will provide analysis of those statements.

It’s one thing to have an accurate and up-to-date snapshot of your company’s financials. It’s another to understand exactly what it means in terms of your company’s growth. When it comes to analyzing cash flow statements, calculating burn rate, and understanding other important financial information, a financial controller can help a start-up business stay ahead of competitors.

Many small businesses call AccountingDepartment.com for monthly bookkeeping services, but when they see the value of taking those services one step further, they use the tools they have available to gain a powerful advantage. Isn’t that what being a successful entrepreneur is all about?

 
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