Services
Are you tired of having to go through the process of learning how to use QuickBooks Online while trying to do the bookkeeping for your business on your own? We offer virtual bookkeeping services that can address your needs. Not only would you have a bookkeeping expert provide high quality and timely bookkeeping services on a monthly basis, but you would also have a trusted advisor that can answer your questions and offer you valuable insight on the financial activity of your business.
Monthly Bookkeeping
- Chart of Accounts Set Up: We start by setting up a customized list of revenue, expense, asset, liability, and equity accounts in QuickBooks Online to categorize your transactions.
- Transaction Categorization: Once the accounts are set up, we categorize each transaction to the correct account, identifying what it is for and claiming as much business expenses so your tax liability can be reduced.
- Account Reconciliations: We verify that every transaction that is recorded on QuickBooks Online is accurate, correct, and up to date so that you can have precise financial statements.
- Profit and Loss Statement & Balance Sheet Management: Every month we prepare and manage the Profit and Loss Statement and Balance Sheet so that you are aware of the the current financial status of your business and have everything organized and ready for tax season.
Add-Ons
These are additional services that can be added to your bookkeeping plan:
- Accounts Payable Management: If you receive bills that need to be paid at a later date, we will enter them in QuickBooks Online and track the due dates so that you can make payments to vendors and suppliers on time and regulate your business cash flow.
- Accounts Receivable Management: If you send out invoices to customers, we can enter those invoices in QuickBooks Online, apply payments received to those invoices, and track which payments are owed to you to ensure that you are getting paid in a timely manner and to maximize cash flow for your business.
- Payroll Assistance: We work with your third-party payroll processor by maintaining payroll data that your business receives and entering timesheets for your employees so that they are paid on schedule.
- Sales Tax Assistance: This includes filing sales tax returns, and submitting payments with your approval.
Clean-Ups / Catch-Ups
- Clean-Ups / Catch-Ups: If you are behind on your bookkeeping or find that you have errors that need to be cleaned up, we can check the accuracy of it for a requested date range and fix any errors and record missing transactions so that your books are up to date and done correctly.
*Rates depend on the number of transactions, loans, and accounts that your business has as well as any add-ons that are chosen. Please email us at david@bfwdbookkeeping.com if you would like a price quote.
