Booktied was founded with one goal only, and that is to solve all bookkeeping related headaches from small business owners. Many business owners can’t afford a full-time controller or CFO yet having reliable books and financial statements is imperative for the growth of any business. Booktied provides top quality bookkeeping services by a team of experienced and educated accountants. We help take your business to the next level by allowing you to gain clarity and insight of your business’s financials
Ongoing Monthly Bookkeeping
1. Our monthly bookkeeping service is customized for each client individually. We learn how your business is run on a day to day basis and find the pain points when it comes to your books and financials. We then evaluate, analyze and come up with an efficient system to set up proper and accurate bookkeeping that will help you grow your business quickly.
2. Every business has different needs; some need weekly inventory statements, and some need a monthly profit & loss. We customize our services to meet the clients needs. The common monthly bookkeeping services that clients need are:
- Enter all business transaction into QuickBooks
- Create custom invoices
- Track accounts payable and receivable
- Maintain the chart of accounts
- Reconcile bank and credit card statements
- Collect and remit sales tax
- Process Payroll
- Provide financial statements
- Create customized reports
- Keep you notified of errors and oversights
- Provide guidance on how to be more efficient financially
3. The most important financial reports we give clients monthly is the profit & loss or the income statement and the balance sheet.
- The income statement is a report for a specific time frame listing all revenue and expenses. This report gives your net income and specifies all the business-related expenses including fixed and variable ones.
- The balance sheet lists all the company’s assets, liabilities and owners’ equity. This report is used by banks and lenders to review the financial health of a company. The balance sheet is often described as a "snapshot of a company's financial condition".
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