Our Process

One: Get to know you; understand your business.

 

Every business has idiosyncrasies and nuances that make it unique - just like their owners. We don’t assume that you’re like everybody else in your space. Tell us about how you operate, what makes your business special, and how we can make your life easier.

Two: Design a chart of accounts that you can actually use.

 

Most bookkeepers ask what type of business you’re in and click a button in the software to set up a generic chart of accounts that’s usually way too long. We’ll format an uncluttered income statement and balance sheet that you can make sense out of (or we’ll teach you how).

Three: Clean up anything that needs cleaning.

 

Clients rarely come to us with their books in perfect order – that’s okay – we’ll get them on track. We probably won’t go back to the start of your company because it’s, well, usually a big waste of time. But we will make sure we both know where you are now and we’re ready for the future.

Four: Start processing your transactions properly.

 

Now the fun begins. We determine the best way to obtain information that’s not available online through the accounting software, and how to communicate with you about anything out of the ordinary. Then we get busy making sure your financial activity is always up to date!

Five: Prepare timely financial statements.

 

On a regular basis, usually monthly, we’ll prepare three financial reports: the Balance Sheet, Income Statement, and Statement of Cash Flows. Built from the data you provided, we’ll make certain that these are an accurate reflection of exactly what’s happening in your business.

Six: Analyze and interpret what it all means.

 

This is where the rubber meets the road and we leave other bookkeepers (and many accountants) in the dust. With our extensive business experience, we know what to look for – what’s important and what’s not – in order to manage your business. And we can spot problems a mile away.

Seven: Report and recommend

 

We brief you on our findings and clarify any irregularities or questions you have about your company’s financial condition. If you desire, we will also provide counsel and advice based on what we would do if your company were our company. Then we repeat steps 5 through 7 – because your success is our success!