Bookkeeping Reviews – We can check over your accounting system for large material errors and give you a laundry list of corrections to be made. This can be done in a relatively short period of time but can yield big savings by nipping problems in the bud. The review is not an audit but it will certainly cut down on tax preparation fees and may raise a flag that an audit is needed.
Internal Controls Engagements – It’s difficult to have all the bookkeeping checks and balances in a small business because most have limited resources. No accounting system is full proof, but efforts should be made to identify large gapping problems at the very least. We can help you strengthen your procedures and point out problems. A tough set of internal controls can help to safeguard company assets and provide more reliable financial statements. They will certainly help to reduce the costs of having an outside audit performed too. A CPA will be able to reduce testing size and rely on the systems in place to cut the labor time needed.
QuickBooks Training and Setup – If your business uses QuickBooks, we can help you to better utilize it. A short meeting with a certified QuickBooks advisor can show you how to save time thereby freeing up many hours per year. Lean on our firm to help set up your accounting system properly from the start.
Bookkeeper and Controller Interviews – It is difficult finding the right candidate to hire. A mistake can be costly and time consuming. When it comes to hiring accounting personnel, our company can help with technical analysis and weigh in on the personality attributes typically needed for success.
Management of Client Bookkeeping – Many small firms make the wise decision to outsource the bookkeeping to professionals. Take peace of mind in knowing that a critical element of running your business is being handled properly. The cost to outsource is reasonable when you factor in the amount of production you receive per hour. A professional accountant has the added benefit of better experience and training which can allow you to improve the running of your company. Our experienced people routinely help clients identify ways to save money and help to negotiate with vendors to get the best possible deals.
Pre-Audit Services – Are you preparing for your first audit or need an opinion on something before the audit begins? We can help you to correct your accounting problems before the outside auditor passes judgment.
Accounting for In-kind Donations and Intellectual Property – Businesses can build certain veins of value that never show up properly on the financial statements. Non-profits in particular can have a large following of volunteers and in-kind donors that add a significant amount of value to an organization. Tracking and reporting on this can really help to show the true performance and impact of your organization. Similarly, many for-profit businesses have developed important processes, technologies, market niches, training programs, etc. that also do not show up on the financial statements. By quantifying and consistently measuring these items you can help to increase your business valuation, ability to raise financing and stakeholder support.
SBIR, STTR and Other Grant Compliance – Applying for a grant always seems to involve more paperwork than was expected. Winning a grant also requires some degree of compliance and reporting. Our firm can help you to set up the systems and meet your reporting requirements thereby reducing headaches and maintaining your standings with the grantor.
