Your Katy-Fulshear Bookkeeping and Accounting Service Solution

Hand Over Your Bookkeeping and Accounting Chores to Us

As a small business owner, you have a lot to deal with running your business. Accurate record-keeping is essential to every successful business, but it can also be complicated and time-consuming.

We can help you with the organization and day-to-day tasks of bookkeeping and accounting so that you can focus on your core business.

Bookkeeping and Accounting Services

You’ll find that many bookkeepers now refer to their work as “client bookkeeping services.” Why? It’s because they are responsible for keeping track of all financial records for their clients.

Previously, this form of work was known as “write-up work” when spoken about among CPAs since they had to physically write and compile the numbers for a trial balance.

Further from this, the term “outsourced bookkeeping services” means that you are entrusting your company books to a different organization.

You may have also heard of “virtual bookkeeping services” or “cloud bookkeeping” and these terms are used for online bookkeeping services that are professional as opposed to you running accounting software yourself.

Regardless of how you refer to us, the information found in your books is essential for the successful and smooth running of your company.

You have to ensure that all of the data within it is accurate and processed quickly so that you remain on time for your yearly taxes. This is why tax filing services are a common addition to most accounting companies.

What Benefits Will You Enjoy With Our Online Bookkeeping and Accounting Service?

Our online bookkeeping services ensure smooth daily operations, stress-free tax filing, and give you the freedom to focus on growing your business with clarity and confidence.

Peace of Mind

We know how confusing and frustrating it can be to manage your own bookkeeping and financial statements.
Our services help you say goodbye to struggling with things like a Quickbooks online account and hello to a relaxing service that offers you the peace of mind you deserve.

The fact of the matter is that we know how to do your books correctly, and we have been serving small businesses for years in a bid to help them grow and thrive.

Relief

Most online bookkeeping services offer a sense of relief when going through the books, but what we provide is so much more than that. From tax preparation services to accrual accounting, you can rest easy knowing that we have everything covered (even the deadlines).

Your weekends will finally be yours, and there won’t be anymore burning the midnight oil as you push yourself overtime.
We’re here to help you take control of your life, and you’ll be informed every step of the way so that you always know what’s happening with your books without the stress and hassle of doing it yourself.

Better Business Insight

You might be the CEO and the Chief Financial Officer, or you might be one of those roles, either way you need better business insight so that you can continue to grow. Our thorough and accurate financial data is able to do just that – completing complex and basic bookkeeping tasks so that you always know what’s happening and which decisions to make next.

Tax Time Is a Little Less Taxing

Your monthly financial statements can become overwhelming quickly, and we know how stressful tax time is. You don’t need the headache, so let us take the reins and help you through by allowing us the pleasure of organizing your books for you.

Not only do we offer fantastic tax advice, we also talk to you tax preparer directly so that you don’t end up getting confused and overwhelmed by jargon that you are completely unfamiliar with. We know how stressful that can be, and we’re here to end it.

More Profits

Can other accounting software offer this kind of service? They can’t. If we see potential waste in your books, extravagant spending, or things that seem a little off, we will always let you know. We can even help you to lower your risks and find new revenue opportunities. It’s one of those add-on services that just make sense.

Freedom from Supervisory Chores

We know what it’s like for small business owners, and that’s because we are as well. Just like you, we have monthly financial reports and monthly expenses to keep track of.

The thing that separates us from basic bookkeeping services is that we never need training or supervision, and we have incredible benefits such as vacation days and sick leave.

We never charge you for mistakes or taxing’s related to your payroll, and when you become one of our clients you become deeply appreciated and part of our bookkeeping family. We’ll always work hard to ensure that mutual trust is maintained.

What Specific Bookkeeping Services Do Our Clients Love?

These are just some of the bookkeeping services that we are able to provide. Working with you, we will build a package that suits your company and your budget alongside a dedicated finance expert to help you every step of the way. There is no job too big or small.

Bank Reconciliations

Every month, we will reconcile you key account by compared the balances found in your bookkeeping system against your bank statements. This ensures that any outstanding transactions are accounted for and that discrepancies cna be corrected quickly. It’s part of what makes us an excellent online bookkeeping service.

Actionable Financial Reports

Our goal as a bookkeeping service is to determine how your company is performing from a financial perspective. Every month, we will produce an income statement and balance sheet for your business. Through this, you will be able to clearly see the amount of money and profit earned throughout the month.

Tax-Ready Numbers

We will always offer a free, no-obligation, review of your books to ensure that they are in excellent order and ready for tax prep. We have the ability to make changes to your entries and complete year-end tasks so that you business’s monthly expenses are accounted for and your dedicated accountant can sort things out.

SALES TAX COLLECTION, FILING, AND REQUIREMENTS

You might hear bookkeeping professionals using the term SALT. This refers to State and Local Taxes, and this area has seen a massive transformation recently due to a 2018 court case (South Dakota vs Wayfair, Inc.).

The ruling of this case resulted in states being allowed to collect taxes on online sales from out-of-state businesses – regardless of whether they have a physical presence within state borders. As a result, states are quickly altering their requirements for tax collection and expanding on the types of purchases subjected to it.

The best bookkeeping services out there will help you through the process and give you a consultation before you begin filing your sales tax application. You’re likely to get a much better outcome from this process, and for future financial planning.

Setting Up Your Virtual Bookkeeping Services

Every business needs a bookkeeping system to organize and keep track of its financial transactions and records. Some examples of popular bookkeeping software solutions are:

QuickBooks Online
QuickBooks Desktop
QuickBooks Enterprise
NetSuite
Sage
Xero

Your company may even have an industry-specific bookkeeping system. The question is whether you have the best bookkeeping solution for your business model.
We’re here to help you every step of the way when it comes to your bookkeeping system. From training and software selection to setup and customization – we can do it all. If you’re looking to switch systems, we can handle it with our streamlined workflow design.

We’re able to enhance your accounting system with additional features if it meets your basic needs but lacks certain functionality – everything from accrual basis accounting to advanced reporting is covered by us.

We can help you become more productive and improve your tax planning by providing expert advice on the ecosystem of bookkeeping systems and applications.

Bookkeeping Controls

Many people think that being a good business manager is all about taking risks. However, much of it has to do with learning how to control the financial aspects of your company by maintaining a sound bookkeeping system.

This begins with having strong security measures in place and extends to making sure that everyone on your team understands their roles and responsibilities.

Our team can help uncover any risks you might be unknowingly taking and put improved measures in place to reduce your business risk overall.

Cleanup and Catch-Up Bookkeeping Services

If you’re dealing with a bookkeeping backlog. We can have it caught up quickly and efficiently. We have several tools that may assist us import or scan in older transactions to ensure that you are up to date in your books and financial record.

ARE WE A GOOD FIT FOR YOUR BOOKKEEPING NEEDS?

Our bookkeeping services are a great fit if:

You have outgrown your current bookkeeping provider and are looking for a new one
You have issues with your current bookkeeping system/accounting software and/or your numbers look wrong, and you need professional assistance
Your books are behind or out of control, and you need help getting back on track
Your past bookkeepers haven’t worked out
You have too much to do and need someone to take a little pressure off
You need help with the more technical bookkeeping and accounting

Bank Reconciliations

Each month, it’s important to reconcile key accounts, including your bank accounts, PayPal account, merchant accounts, credit card accounts, petty cash, and loans. The reconciliation is done by comparing your bank statement balances with the ones in your bookkeeping system, then taking into account outstanding transactions. Any corrections needed to your books can be made on a timely basis so that your balances remain correct.

Accounts Receivable

You may need help with invoicing, accounts receivable management, and collections. We can assist with the preparation and distribution of customer invoices, proper recording in the bookkeeping system, payment matching, payment recording, statement preparation, credit memo and refund processing, and collection of past due invoices.

We can generate reports to help you manage your customer records and accounts receivable better, including customer balances and aging reports. If you need help writing off uncollectible accounts or other adjusting journal entries, we can assist.

It’s important that you have the best billing system for your business. We can help with billing system selection, customization, implementation, and integration with your bookkeeping system. Plus, we can train your staff on the new system as well as review and improve your accounts receivable processes to make your business more efficient.

Accounts Payable

We’re here to help you with bill processing, including submission, document management, approvals, check writing, and payments. We’re experienced with accounts payable management and can make sure you have the best controls set up to give you peace of mind. We can perform some of the more advanced functions, such as three-way matching, automated payments, expense report processing, invoice fetching, vendor management, automated data entry, and more.

Accounts payable is an area where automation has streamlined the process, and we can help you stay up-to-date and efficient with these new processes.

Actionable Financial Reports

The whole point of bookkeeping is to find out where your business stands financially! We automatically generate an income statement and balance sheet each month for your business. These are key reports to help you measure the amount of revenue and profit you’ve made for the period.

Going deeper, there are many fantastic reports that can be generated from your bookkeeping system to help you hone in on an area so you can make smart business decisions about operational spending, staffing, marketing, capital purchases, and all of the things you need to know to run your business.

Tax-Ready Numbers

Our bookkeeping services will provide you with a clean set of books that you can use to prepare your federal and state tax returns. We can make adjusting entries and perform year-end tasks so that you’re all set to turn your books over to your tax preparer.

Sales Tax Collection, Filing, and Requirements

Many new entrepreneurs are surprised to realize that federal taxes are not the only taxes that they need to worry about when running a business. Depending on the types of products and services you sell, you may need to collect, file, and pay sales tax on items you sell.

Bookkeeping professionals call this area of service SALT, which stands for State and Local Taxes. This area is changing rapidly due to a 2018 court case (South Dakota vs. Wayfair, Inc.) which opened the floodgates for interstate tax collection on online sales regardless of whether you’ve stepped foot in the state or not. States are hungrily looking for more revenue, and this is driving rapid change in state’s requirements for collection as well as expanding what’s taxable.

It’s almost always better to consult an expert in this area – even before you file your sales tax application with the states. If you owe sales tax from prior years, there are many “holidays” and amnesty options that professionals will know about.

Bookkeeping System Setup

Every business needs an bookkeeping system to keep their books. Examples include QuickBooks Online, QuickBooks Desktop, QuickBooks Enterprise, NetSuite, Sage, and Xero. You may have an bookkeeping system that is industry-specific. The most important question is whether you have the best bookkeeping software solution for your business.

We can help you with many aspects of your bookkeeping system: training to improve your efficiency, bookkeeping software selection, setup of new systems, improved customization so you can get better information, migration to a new system, and streamlined workflow design.

If your bookkeeping software meets your basic needs, but you need additional functionality, we can often solve that with an add-on bookkeeping app. There are now hundreds of add-on applications for your bookkeeping system that can improve a multitude of things: inventory, invocing, time-tracking, bill pay, reporting, and so much more. We have excellent knowledge of the ecosystem of bookkeeping systems and applications so that we can help you become more productive.

Bookkeeping Controls

Managing a business has a lot do to with managing the risks associated with being in business. With every good bookkeeping system (and where money is involved), it’s essential to maintain a proper set of controls. These controls start in your bookkeeping system and expand to your staff’s duties. Bookkeeping professionals call this “internal controls,” and it’s a core bookkeeping concept that impacts every business.

We can help you identify risks you may not know you’re taking and tighten up controls to help reduce your business risk.

Catch-Up and Cleanup Bookkeeping Services

If your bookkeeping is a little (or a lot) behind, don’t worry! We can have it caught up in a jiffy. We have many tools that can help us import or scan in older transactions to make the work go fast.

What’s the Next Step?

It’s simple. We’re knowledgeable, experienced, and enjoy numbers and deadlines! And in just three easy steps, we can get started:

Get in touch. You can call, email, or schedule a free consultation. We’ll schedule a free consultation so we can find out about your business and your current situation.
We’ll ask you a few questions about your business and your current bookkeeping situation. Then we can provide you with a quote or packages that are perfect for your business and your budget.
Once you become a client, we’ll start the onboarding process. It’s quick and easy to get in touch with your bookkeeper. The utilization of our client portal makes it even easier.

That’s it, and you can finally have peace of mind with the best bookkeeping services available.