We Help Companies Save Time to Focus on Growth
Small Business Bookkeeping Services
A key element in starting and growing any business is bookkeeping. It is what differentiates a hobby from a business. The insight derived from bookkeeping and accounting helps business owners make profitable decisions in order to grow. Our professional bookkeeping services will help your small business produce useful, accurate financial records on a monthly basis.
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 tasks involve 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 ask help from an expert bookkeeping team for your small business.
Expert Accounting.
Our accounting firm is run and directed by Certified Public Accountants (CPAs) which is the highest level of certification you can attain in accounting. Guaranteeing you are in good hands when it comes to your bookkeeping and accounting needs. Don’t trust your books and financial reports with someone who is not certified!
Combined Experience Of The LYFE Team
Education Level Of The
LYFE Team
LYFE Team
Trusted Accounting
We are trusted by numerous small business owners and the number continues to grow today. Our team’s experience and efforts extends beyond business’ basic bookkeeping which is just one of many reasons our clients trust our accounting solutions.
Hundreds of Small Businesses Served
Your Numbers are in Good Hands
Breathe. Your Books Are Balanced
Growth Focused Small Business Bookkeeping Services
Why You Need The Help Of Professional Bookkeepers
When you hear the terms accounting system, cash flow, assets, liabilities, invoicing, and monthly financial statements, “complicated” is probably the first thing that comes to mind. And you’re right. These terms could somehow be intimidating especially for those who don’t have that much background in accounting or bookkeeping.
Still, whether you have knowledge in bookkeeping or not won’t change the fact that as a business owner, it’s a must in running your business. Small businesses to big corporations, even for non-profit organizations- bookkeeping is very much needed.
Why You Need The Help Of Professional Bookkeepers
When you hear the terms accounting system, cash flow, assets, liabilities, invoicing, and monthly financial statements, “complicated” is probably the first thing that comes to mind. And you’re right. These terms could somehow be intimidating especially for those who don’t have that much background in accounting or bookkeeping.
Still, whether you have knowledge in bookkeeping or not won’t change the fact that as a business owner, it’s a must in running your business. Small businesses to big corporations, even for non-profit organizations- bookkeeping is very much needed.
Yes you can hire a part-time bookkeeper to do the job but how can you be sure that all the records will be confidential and that the tasks will be error-free? That could be a problem in the future, especially since it involves finances. So what’s your best option?
We’d say, opt for an outsourced virtual bookkeeping service!
Doing so will not only guarantee you confidentiality, but will also provide the expertise you need in handling your financial reports.
Here are some more benefits you can get from getting bookkeeping services for your business.
Benefits Of Getting Our Bookkeeping Services
Focus on running your business
If you need to spend your time writing checks, tracking loans, monitoring the cash flow and keeping tabs on the payroll, do you still have time left to actually manage your business? Probably yes, but not enough to grow your business. That’s where getting the help of a professional bookkeeper will be beneficial for you. You can have more time running your business operations and marketing while we handle the financial components of your business. This way, you can then focus on what you do best- management and marketing. And while you’re at it, you can rely on us to handle all the financial reports for you.
Better budget for your business
Once you know where you’re spending the most at and what brings you the most profit, it’s easier to create a budget for your business. But if you don’t have a bookkeeper to keep tabs on these figures, you could be overspending on something that doesn’t give you much return-on-investment. And that can hinder your business from growing. Getting a small business bookkeeping service like ours will give you a clearer and broader insight of your expenditures, as well as your profits. These financial reports can help you define a better budget and allocate your funds to the right things.
Make smarter business decisions
Knowing the status of your finances could greatly affect your business operations. Sometimes business owners tend to come up with a decision without even knowing if they still have the budget for it. Don’t let it happen to you. As business owners ourselves, we wouldn’t want that for you. With the help of our in-house bookkeepers, you can learn more about the current status of your finances through our cash flow, balance sheet and profit and loss statement. Now you can make smarter decisions and put your business in the right direction.
Avoid Penalties & Inaccurate Data
Bookkeeping revolves around figures. And if you have several business tasks in your hands, it could be easy to overlook a document or make a mistake in your financial records. Financial management tasks such as tax preparations and obligations should be settled accordingly to avoid any penalties. As a small business owner, you surely wouldn’t want your hard-earned profit to be used in paying penalties, right? When you get our bookkeeping solutions, you no longer have to worry about calculating these taxes on time. No more discrepancies that can lead to a more serious issue.
Small Business Bookkeeping Services
We help small businesses of all shapes and sizes with their accounting.
Assets
An asset is anything of value that can be converted into cash or income. Examples of business assets are cash, accounts receivable, inventory or equipment. Assets are found on your company’s balance sheet and listed first.
Liabilities
Liabilities are amounts owed. Liabilities can either be short-term (due within 12 months) or long-term (due beyond 12 months). Interest is usually assessed on all liabilities which should also be recorded in the books. This includes accounts payable, credit card debt, loans, etc. Liabilities are found under the assets on the balance sheet
Equity
Equity is ownership in the business. Many different factors influence equity such as contributions, distributions, and retained earnings. Equity is the last item listed on the balance sheet.
Revenue
Revenue is income earned through the sale of products or services. Revenue is listed first on the profit and loss statement. Every business must have revenue to succeed.
Expenses
Expenses are costs incurred. Expenses are necessary to run a business. However, it should be monitored closely. Business expenses are found under revenue on the profit and loss statement.
Financial Statements
Financial statements are records of the financial activities of a business. This information is relevant and impactful to business owners. Financials are structured as an easy-to-understand way to help you make great business decisions.
Every Dollar Makes Sense
You deserve to have complete control and understanding of your finances. We help you do just that.
It’s Accrual World – We Make It Easy For You
Three Reasons To Love LYFE Accounting
Our Small Business
Bookkeeping Services
Process
Bookkeeping Services
Process
Meet With Your Bookkeeper
Data Entry
Reconciliation
LYFE Review
Reporting
Hundreds of Small Businesses Choose LYFE
“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.“
Frequently Asked Questions
What Software Do You Use For Your Bookkeeping Services?
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.
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 or want to check out our online accounting solutions, please view our CPA services here.
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CLIENT TESTIMONIAL
“My husband and I were so thankful to find LYFE Accounting and Krystal! This was our first year filing taxes for our business and they made everything so easy, fast and secure for us. We appreciate their knowledge and fast responses that enabled us to get a great return and really early! Thank you- we highly recommend!”
– A. Horgan
