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Are your books messed up and you lack insight into your business financial position?
Perhaps your books are way behind on bookkeeping, because you have no time to organize them, therefore you are stressed and worried about the upcoming tax filing season?
Maybe you can't seem to reconcile your bank and credit accounts, and therefore you can't maximize your business tax deductions?
Whether you are one month or one year overdue on bookkeeping or however bad your situation is, fret no more because we can have your books cleaned up and caught up in no time.
Virtual Bookkeeping by Cherish Salao will help you get your finances in order so that you gain financial clarity, control and consistently increase cash flow while reducing your tax burden to the smallest legal amount possible.
Updated and pristine books allow you to better manage your business and enhance your control over your business financials.
As a small or mid-sized business owner, you need to understand the impact of a poorly handled and messy books to your business:
unable to know your numbers
have no clear picture of your business financial health
hard to scale up your business
unable to secure a business loan or line of credit
missed tax deadlines , penalties for inaccurate filing
missed opportunities (tax deductions and tax credits)
you can't sell your business
you can't strategize and no way to make a forecast
lack of advanced financial reporting and KPI monitoring
unable to maximize revenue and profit
likely to suffer cash flow problem
high risk of internal fraud
incapable of detecting erroneous entries and discrepancies
you don't know the cost, you can't optimize pricing
unable to reconcile your statements, may result to lose money on unnecessary expenses
(such as bank fees for overdrafts or for falling below the required bank balance and late fees/penalties with vendors and lenders alike)
you will receive outdated reports and you can't rely on the data
inaccuracies and inconsistencies in your records
If you find yourself dealing with the above mentioned warning signs, it might be the right time to seek help from a professional who has the skillset required to unravel and clean up your accounting records.
Fixing these issues alone will stress you more, and before it puts your time, money and maybe even your business - on the line, allow us to position you to experience financial peace of mind with our Clean-up and Catch-up Bookkeeping service which includes the following:
Assessment and Quickbooks Online Set-up
Reorganize your Chart of Accounts
Reconciliation of three accounts (You can add additioanl accounts )
Check for data entry errors and duplicates
Make adjusting entries
12 months of overdue bookkeeping
Monthly, Quarterly or Annual Financial Reports
Tax season support
(Your CPA/Tax preparer will be happy at tax time because all the necessary informations are ready and accurate thus preparing your return will be smooth and painless).
Some business owners ignore or delay cleaning up their financials. Often, they are overwhelmed by the mechanics of hiring an accounting firm or external auditor. They ask, “How do I find the right firm?”, “Will it be costly?” and “Where do I begin?”
Remember, it is always better to get help right away once a problem has been discovered. Waiting only allows issues to compound, requiring more drastic measures to fix the problems later.
With over 15 years of combined experience in accounting and banking , we are happy working with numbers. Experience paralleled with the mastery of the bookkeeping core skills such financial acumen, attention to detail , analytical and problem solving skills, integrity and transparency will bring value to your company.
As your third-party clean-up& catch-up bookkeeping partner we can help:
Free up your time
We get you out of the bookkeeping headaches
Unlimited support -meetings, emails and calls
Fixed mothly bookkeeping fee, no surprise bill
Enhance the accuracy of your books
Fix errors and accounting mistakes
Give you the confidence and peace of mind
We will hand you the accurate, timely and appropriate financial reports-useful for decision making
Implement the right accounting software or update an existing platform
Streamline the accounting and bookkeeping system
We will guide you through the complexities of bookkeeping to keep the books clean moving forward
Ensure proper accounting regulations and procedures are being followed transactions and financial reporting adhere to:
GAAP or Generally Accepted Accounting Principles (which are the generally accepted standards for financial reporting in the US )
and IFRS or International Financial Reporting Standards (set of internationally accepted accounting standards used by most of the world's countries.)