Bookkeeping Services for Small Businesses
Hire an expert team for your bookkeeping needs.
Bookkeeping Services for Small Businesses
Our professional bookkeeping services will help your small business produce useful, accurate data on a monthly basis. Our certified bookkeepers will work with you to help you understand the financial health of your small business.
Why Does Your Small Business Need Bookkeeping Services?
Bookkeeping is essential to growing your small business.
Accounting is all about using financial data to drive decision making. This financial data is prepared through bookkeeping services. Bookkeeping is the process of tracking your business assets, liabilities, income and expenses to help you make smart, informed business decisions. This is an ongoing process that should be performed at least monthly. To save time and the headache associated with this, it is smart to invest in bookkeeping services for your small business.
Our expert bookkeepers are here to help.
Get a small business bookkeeper for your business today.
How Do Our Bookkeeping Services for Small Businesses Work?
Our bookkeeping services for small businesses are designed to make your life easier. We will assign a certified bookkeeper to service your small business. This person will gain an understanding of your small business and start rendering our bookkeeping services. Our bookkeeping services consist of 4 steps:
Data Entry: The first step of our bookkeeping service will be to gather data. We will connect your financial accounts to your bookkeeping software and begin data entry.
Reconciliation: The second step of our bookkeeping service is to reconcile your accounts. This will help ensure that your accounts are accurate.
Reporting: The third step is to consolidate your books and prepare your financial statements. The financial statements include income statements and balance sheets.
Use Insights: The fourth and final step of our bookkeeping service is to help you use your reports to make informed decisions.
Expert bookkeepers with the latest technology.
Breathe, your books are handled.
What Makes Our Bookkeeping Service Unique?
The consultative edge of our bookkeeping services is what makes us unique. We don’t just send you reports every month. Numbers are useless if you do not know how to use them. Our certified bookkeepers will help you understand and apply your financial statements to fuel your business growth.
Our bookkeeping services for small businesses includes financial statement analysis. We will analyze your financial statements to help you identify areas that need improvement, such as eliminating unnecessary expenses or investing into marketing campaigns.
Metrics That Are Critical To Your Small Business
Our certified bookkeepers will help you understand your:
- Profit Margins: Is your small business profitable?
- Return on Equity: Are your shareholders making a return on their investment?
- Receivables Turnover: Is your small business collecting money that is owed?
- Payables Turnover: Is your small business paying its debts?
- Current Ratio: Does your small business have enough cash to cover expenses/debt?
Features of Our Bookkeeping Services for Small Businesses
We will assign a dedicated bookkeeper to work with your small business. You can email your bookkeeper at any time with questions or schedule phone consultations to discuss your financials further.
Tax-Ready Financial Statements
Our bookkeeping services for small businesses produce tax-ready financial statements. To file your small business tax return, you must include your tax-basis income statement and balance sheet. Our certified bookkeepers will make sure you are equipped.
Revenue & Expense Management
Our small business bookkeepers will help you keep track of your revenue and expenses. We can help you setup merchant services and payment processes to collect payments. We can also help manage your expenses and pay your bills in a way that is simple and painless for you.
As a component of our bookkeeping services, we can manage your payroll. This means that we would submit payment to your employees, and file necessary forms with various government agencies whom you pay taxes to.
Why Use Outsourced Bookkeeping Services?
LYFE Accounting is a Top Rated Financial Company
Hundreds of Small Businesses Choose LYFE
Frequently Asked Questions
What software do you use for bookkeeping?
Our bookkeeping services integrate with the major small business bookkeeping software. This includes QuickBooks, Xero, and Freshbooks. If your small business uses a different software, contact us and we can confirm if we support your software with our bookkeeping services.
How much does your bookkeeping services cost?
Our pricing for bookkeeping services are customized to the needs of our clients. A general range for starting prices are $200-$400/month. This price may increase based on the number of bank accounts, transactions, and additional services that may need to be performed on your account. Contact us to get a custom quote today.
How will you secure my data?
Our bookkeeping services include secured permissions which prevents any unauthorized users from access your financial data. We can also set-up restrictions on your bookkeeping account to limit what your authorized users can see in your account.
Does your bookkeeping service include consultation with a CPA?
Our bookkeeping service was designed by CPA’s, but you will communicate primarily with a certified bookkeeper. This person has been trained in bookkeeping and also has sufficient experience to guide you. If you require a CPA, please view our CPA services.