Intiallly we start off with a value conversation. This conversation is to comprehend and communicate the value we can add, establish a scope of value and then the scope of work to be performed.
Training and Set up
Clients are introduced to Quickbooks online via remote connection or in person. Training session are on how to use the modules they will need for their business.
Set up is done simultaneously during training and after training to ensure the client books are upto date and ready to function as of the agreed upon start date.
Financial Statement Preparation
Balance Sheet, Income Statement and Statement of Retained Earnings are prepared on a monthly, quarterly and annual basis. Statements are forwarded to clients to be kept for their own records. Clients no longer have to wait until year end to see how well their company is operating. Having up to date financial records can be used as curent data and reference for clients non-business related needs.
Financial Statement Analysis
Financial statements are analyzed and discussed with clients on a quarterly basis. Results from this analysis allows clients to make future plans and choices consistent with its goals. A real help to companies in terms of strategies to implement to be the most profitable.
On a monthly basis, we ensure Quickbooks online is updated:
Accounts are properly assigned
Bank and Visa Statements are reconciled
Sync data between third party apps and Quickbooks
Third party expense apps are updated
Third party expense apps accounts correctly assigned
On a quarterly basis, clients are invited to learn how to reduce their taxes payable and how to implement tax benefits for themselves and their business.