Small Business Bookkeeping
Our small business bookkeeping services will help your small business produce useful, accurate and very helpful data on a monthly basis. LYFE Accounting performs more than just basic bookkeeping. The team that we have goes beyond balancing and closing the books. Our certified bookkeepers will work with you hand in hand to help you understand the financial health of your small business.
Why Do You Need Small Business Bookkeeping
Bookkeeping Is Essential To Growing Your Small Business
A great accounting system is all about using financial data to drive decision making which is very important in growing your business. This financial data is prepared through what we call as bookkeeping services.
Bookkeeping is recordkeeping, it is the process of tracking your business assets, liabilities, income and expenses to help you make smart and informed business decisions. You need someone reliable and trustworthy to take care of the everyday details of your business finances so you should be careful when choosing an accounting firm.
Bookkeeping Is Essential To Growing Your Small Business
A great accounting system is all about using financial data to drive decision making which is very important in growing your business. This financial data is prepared through what we call as bookkeeping services.
Bookkeeping is recordkeeping, it is the process of tracking your business assets, liabilities, income and expenses to help you make smart and informed business decisions. You need someone reliable and trustworthy to take care of the everyday details of your business finances so you should be careful when choosing an accounting firm.
LYFE Accounting will use your business finances in order to make strategic decisions and give you ideas on how to improve your cash flow. From there, we can advise you on the actual state of your business finances and which areas need improvement. This is very crucial in growing your business.
This is an ongoing process that should be performed at least monthly and must be done by professionals only. To save time and the headache associated with this, it is smart to invest in bookkeeping services for your small business instead of trying to do it by yourself. You can save time, energy and enjoy freedom to grow your business without stressing about your books!
Our Expert Bookkeepers Are Here To Help
Get A Small Business Bookkeeper For Your Business Today
How Do Our Bookkeeping System 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 3 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. This includes keeping a record of your accounts payable and accounts receivable, which is one of the many tasks that a bookkeeper does. Other data entry bookkeeping tasks such as invoicing services or goods sold to customers, racking income and expenses, financial statement preparation, accounting, forecasting and receipt scanning. During this part of the process, your current financial situation will be accessed. We will be able to make plans for you accordingly.
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. This includes keeping a record of your accounts payable and accounts receivable, which is one of the many tasks that a bookkeeper does. Other data entry bookkeeping tasks such as invoicing services or goods sold to customers, racking income and expenses, financial statement preparation, accounting, forecasting and receipt scanning. During this part of the process, your current financial situation will be accessed. We will be able to make plans for you accordingly.
Reconciliation
The second step of our bookkeeping process is to reconcile your accounts. This will help ensure that your accounts are accurate. Keeping a great cash flow statement would also be ensured and implemented here. It’s very important to be up to date with your cash flow management and know which areas need reconciliation. At this point of the process, our assigned bookkeeper is going to reconcile your account. The reconciliation process is meant to improve the accuracy of your financial data.
Reconciliation
The second step of our bookkeeping process is to reconcile your accounts. This will help ensure that your accounts are accurate. Keeping a great cash flow statement would also be ensured and implemented here. It’s very important to be up to date with your cash flow management and know which areas need reconciliation. At this point of the process, our assigned bookkeeper is going to reconcile your account. The reconciliation process is meant to improve the accuracy of your financial data.
Reporting
The third step is to consolidate your books and prepare your financial statements. The financial statements include income statements and balance sheets including any accounts payable you have such as payments to suppliers, loans, credit cards or other payables. We are going to prepare your financial records. This will include your financial transactions, bank statements, business loan, and other financial reports including balance sheet as well as the profit and loss statement.
Reporting
The third step is to consolidate your books and prepare your financial statements. The financial statements include income statements and balance sheets including any accounts payable you have such as payments to suppliers, loans, credit cards or other payables. We are going to prepare your financial records. This will include your financial transactions, bank statements, business loan, and other financial reports including balance sheet as well as the profit and loss statement.
Expert Bookkeepers With The Latest Technology
Breathe, your books are handled with the most up to date accounting software.
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. When we file our taxes we disclose our financial information to the government, so numbers are useless if you do not know how to use them.
Our certified bookkeepers will help you understand your financial statements and give sound advice such as when mixing personal and business expenses in the same account, and can undoubtedly result in unnecessary stress when it’s time for you to file taxes or do your bookkeeping.
Your record keeping system is up to you, but a well-designed small-business bookkeeping system will keep your financial information in good shape and prevent future problems with the IRS.
Our bookkeeping services for small businesses include 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. Our clients often ask how to keep accurate records and reduce their taxes – we are confident to help out on this area.
Why Choose LYFE Accounting’s Small Business
Bookkeeping Services
Bookkeeping Services
LYFE Accounting was created with the intention of helping small businesses regardless of their shape or size. We are one of the best providers of accounting and bookkeeping services for small businesses. So it should come as no surprise that we have the top online bookkeeping services available. You will have the abilities and knowledge of certified accountants and bookkeepers at your disposal.
Being one, if not the top provider of small business bookkeeping services means that we have premier features as well.
Premiere Bookkeeping Services
Every small business wants to expand, eventually. In order to do that, you need to be aware and in charge of every little detail of your business. That includes maintaining your books. But for you to focus on every area of your business, you will need to hire a company that provides small business bookkeeping services. Work with our agency so you can be guaranteed of getting the best small business bookkeeping services. Then you can start growing and developing your business at a pace that you prefer.
Full-time Accounting Services
Our team understands that your company’s needs go beyond quality small business bookkeeping services. You are also going to need accounting services, tax planning, tax preparation, financial planning, and more. Being a full service accounting services team certainly helps. With a team that possesses all the skills and with years’ worth of experience, you are covered well. Your books are going to be kept organized and updated. Your financial statements are managed and your financial path will be identified. All these and more are part of our full time services and working with us means being stress free when it comes to your financials. Put your focus on the things that you do best to realize your company’s potential.
World Class Customer Service
If there is one that we want to consider a priority, it’s having world class customer service. We value all of our clients and providing world class customer service is our testament to that. This is also one of the reasons why our clients keep on trusting us. Since they know that they will get excellent service from us, no matter what. It also helps since satisfied clients tend to spread the word about us and the kind of services that they get from our agency. From there, more and more clients will come to us for their accounting and bookkeeping needs.
World Class Customer Service
If there is one that we want to consider a priority, it’s having world class customer service. We value all of our clients and providing world class customer service is our testament to that. This is also one of the reasons why our clients keep on trusting us. Since they know that they will get excellent service from us, no matter what. It also helps since satisfied clients tend to spread the word about us and the kind of services that they get from our agency. From there, more and more clients will come to us for their accounting and bookkeeping needs.
Flexible Contracts
LYFE Accounting offers flexibility with our contracts. It’s a kind of flexibility that not that many agencies offer. Each of our clients are not tied down by a long term contract and we see it as an advantage for both parties. What we offer are month to month bookkeeping services contracts. This gives you and our other clients much more freedom and options. So if there comes a time that you want to make changes it would be easy for you to do so. You are not obligated to continue working with us at all.
Metrics That Are Critical To Your Small Business
Every small business wants to expand, eventually. In order to do that, you need to be aware and in charge of every little detail of your business. That includes maintaining your books. But for you to focus on every area of your business, you will need to hire a company that provides small business bookkeeping services. Work with our agency so you can be guaranteed of getting the best small business bookkeeping services. Then you can start growing and developing your business at a pace that you prefer.
Features Of Our Bookkeeping Services For Small Businesses
Certified Bookkeeper
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 set up 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.
Accounting Services
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 Outsourced Bookkeeping Services?
Get Your Time Back
Our outsourced bookkeeping services save you time. Many small business owners try to manage their own books. There is a huge opportunity cost associated with this. The time you spend bookkeeping subtracts from the time you could use towards growing your small business. Outsourced bookkeeping services can put this time back in your day to scale your business.
Stay Compliant
Outsourced bookkeeping services can also save you the frustration and headaches that come with bookkeeping. When your reconciliations don’t balance, it is a total pain to fix. Filling in the gaps in your financial statements can be frustrating. And complying with generally accepted accounting principles (GAAP) can be even worse. Outsourced bookkeeping services will provide you with certified bookkeepers with over 30 years of experience to relieve you of this headache.
Save Thousands Per Year
Full-time bookkeeping services can set you back by thousands of dollars per year. Our outsourced bookkeeping service will cut down your accounting expenses by more than half. Yet, we ensure that our bookkeeping service is valuable, efficient, and more accurate.
Stay Compliant
Outsourced bookkeeping services can also save you the frustration and headaches that come with bookkeeping. When your reconciliations don’t balance, it is a total pain to fix. Filling in the gaps in your financial statements can be frustrating. And complying with generally accepted accounting principles (GAAP) can be even worse. Outsourced bookkeeping services will provide you with certified bookkeepers with over 30 years of experience to relieve you of this headache.
Save Thousands Per Year
Full-time bookkeeping services can set you back by thousands of dollars per year. Our outsourced bookkeeping service will cut down your accounting expenses by more than half. Yet, we ensure that our bookkeeping service is valuable, efficient, and more accurate.
LYFE Accounting Is A Top Rated Financial Company
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 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 accessing 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.
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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
