Bookkeeping

• Entry of receipts, payroll and disbursements and inventory movements;

• Maintaining receivables and payables and ensuring collections and payments are made timely and accurately;

• Cash flow management;

• Preparation of budgets and forecasts and monitoring compliance;

• Data analysis to provide reporting useful to owners and management in making critical decisions;

• The ability to communicate with owners and management making sense of financial information and data reports;

• Preparation of financial statements and disclosures for management’s use or to provide accountants and auditors; and

• Interaction with outside accountants and auditors including preparing working papers for the auditor getting the records in condition for an audit or review.

Often small and medium business owners are keeping the books or have hired someone to perform these tasks. However, outsourcing your bookkeeping and accounting needs has many advantages especially when you engage an experienced accountant.

• It may reduce costs - engaging an employee often means retirement plan costs, insurance coverage and the employer imposed payroll taxes. An outsourced accountant is paid only as used, a set hourly rate usually, without the additional costs of employment and can work remotely with minimal supervision or facility costs.

• The possibility for advanced accounting skills - the owner and management of a business would probably rather focus on products and services than accounting. The purpose of the accountant is to provide management with the information that is needed to enhance products and services, focus on keeping costs in line and to provide reliable reporting and budgeting that enables intelligent decisions. Financial and management reports that reflect the goals of an organization and how well its achieving those goals are essential to all business, large and small.

• Growth - As your business grows the complexity of the accounting does too. Having an experienced accountant alongside you to handle that growth seamlessly will enhance the organization’s efficiencies and profitability. It also helps having an accountant with experience obtaining and maintaining lending, reviewing contracts and evaluating resource needs without having to recruit additional persons to enable your organization to grow and reduce disruption.

• Less oversight - Outsourcing to an experienced accountant can relieve management from some of its oversight responsibilities and the accountant is responsible for engaging assistants as needed further removing responsibility of hiring persons and training time.

I have over 30 years of experience applying accounting principles, keeping books and records and as a CFO/controller. I would enjoy being a part of your organization and helping it succeed.