Cloud Accounting for A&E Firms, Part 5: Financial Reporting
Financial reporting provides a means to measure your financial performance. While financial performance may not be your utlimate measure of success, it is an important measure for […]
Paperwork. Time. Uncertainty.
Every business owner hates bookkeeping and paperwork. Unfortunately, it has to be done, and it has to be done in a particular format. Otherwise you may find the tax man on your back.
Profitable professional services firms spend up to 35% of their time performing administrative tasks. When your tasks pile up and there are not enough hours in a day to do them all, then time is your enemy.
Keeping your books is not easy and can cost you a lot of time. When your books are up-to-date, organized, and reconciled, then you can have financial clarity. Otherwise, you have uncertainty.
Professional Bookkeeping for Professional Services
Where you gain access to the systems and information you need to be in control of your finances.
Your services are designed to empower you around your finances.
You provide your receipts, bills, and sales invoices, and you receive your organized, reconciled books. Service includes accounting software, accounting file backup, and a remote bookkeeping professional.
You say goodbye to paper documents and receipts with a paperless receipt and bill capture system. You submit receipts on-the-go with your smartphone by snapping a photo or by forwarding documents from your email.
You keep track of your finances with monthly, quarterly, and year-end financial statements, including an income statement (i.e., profit & loss), balance sheet, and cash flow statement.
Your bills are paid using an accounts payable management system, which includes owner approval controls, bill payment by check or ACH transfer, and weekly support from your bookkeeping professional.
Your sales invoices are sent and you are paid using an accounts receivable management system, which includes direct deposit to your bank account for ACH (electronic) payments.
You enjoy a tax season that runs smoothly and efficiently. Your service includes year-end 1099 preparation & year-end reporting and collaboration with your tax accountant.
Easily compensate your employees with administrative support for Gusto full-service payroll software, which includes direct deposit, electronic payment and filing of federal and state taxes and forms, and year-end W3 and Form 1099 processing.
Easily provide employee benefits using Gusto benefits software, with system administrative support for new-hire onboarding, employee document management, customized payroll deductions, and employee offboarding.
Easily budget, track, and bill your time using BigTime Software (purchased separately), with system administrative support for accounting software integration, new project setup, and monthly billing.
Key Performance Indicators that are relevant to professional services are tracked for you, including operating profit margin, accounts receivable days, utilization, and free cash flow.
You gain a clearer picture of your business performance with monthly, quarterly, and year-end analyses for revenue, profitability, cash flow, and growth.
You want a business that is profitable and one that pays for income taxes. You accomplish this by setting aside a recommended percentage of revenue for profit, taxes, and contingencies.
Packages are designed specifically for your needs and price. Please contact us for a customized quote.
Empower your professional services firm with timely bookkeeping and financial reporting.
We specialize in cloud accounting & analysis for professional services firms in the United States.
Sumner Darling is passionate about systems. With master's degrees in engineering and business, from the University of Nebraska and the University of South Florida, respectively, Sumner brings a unique combination of knowledge and experience to professional services firms.
Mariana Darling creates a fun environment for employees to learn. With a bachelor's degree in teaching from the Universidad Nacional Autonoma de Mexico, Mariana's experience includes curriculum design and program promotion at the Instituto Politecnico Nacional in Mexico City.
Bookkeeping Advice & Tips for Professional Services
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When you perform a service for a client, and the client does not pay at the time of service or in advance, then you have an account […]
For client support, or for general inquiries, please call or email us at your convenience.
(941) 363-6106
1990 Main St. Suite 750
Sarasota, FL 34236
United States
sumner@telebooks.net