Online Bookkeeping Services
Hire an expert team for your bookkeeping needs.
Online Bookkeeping Services for Small Businesses
Our reliable online bookkeeping services will help your small business produce accurate data every month. This data can be utilized to help you understand the overall financial health of your small business.
Why Does Your Small Business Need Online Bookkeeping Services?
Bookkeeping is essential to growing your small business.
Accounting is the process of using financial data to make better decisions. The best representation of this process is through bookkeeping.
A certified online bookkeeper will track all of your business assets, liabilities, financial transactions, income, and expenses to help you make smart business decisions. This process must be done in a continuous basis to guarantee effective results.
Let our expert online bookkeepers help you.
Get a certified virtual bookkeeper for your business today.
The 3 Steps of Our Online Bookkeeping Services
In order to keep our online bookkeeping services effective, we implement a 3-step methodology. By using this methodology, we can help your small business with general online bookkeeping concerns.
Data Entry: A successful online bookkeeping service relies on effective data entry. Our certified online bookkeeper will connect your accounts to our software and start the data gathering process.
Reconciliation: After data entry, we will reconcile all of your accounts. With proper reconciliation, we can ensure that your accounts are accurate.
Reporting: The last step is to consolidate your accounts and prepare financial statements. These statements are necessary for you to make informed financial decisions.
Looking for Virtual Bookkeepers With The Right Technology? No Problem.
We will help you.
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 your financial statements.
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 can 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 do other general accounting services. This means we can help with your business-specific accounting needs. We can consult and prepare special reports as needed.
Why Use Online 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 $250-$700/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.
“My experience with LYFE Accounting was nothing short of amazing. Krystal is professional, detail oriented, and truly cares about her clients. I will continue to use LYFE Accounting for all of my personal and business tax needs as well for my business bookkeeping needs.”
– C. James