Bookkeeping & Reconciliation
The very beginning of the journey to making the best decisions for your business starts with cleaning up the books. This involves getting all of the accounting in order and reconciled to all bank statements and credit card statements. All accounting activity will need to be recorded and categorized appropriately. Then ongoing, your books will be maintained accurately and completely for you.
This process starts with access to your accounting software. In QuickBooks online it is as easy as adding an accountant user. Once in the software, a deep dive of your business's bank and credit card accounts will occur to make sure all transactions get categorized correctly and are on the books. Then the reconciliations to the statements occur. These services are provided as a cleanup project and for ongoing services. They can be done on a monthly, quarterly, or annual basis depending on your business needs.
Financial Statement Preparation
Presentation of financial statements is required for pretty much any financial decision. Whether you are selling your business, applying for a loan, filing taxes, or simply measuring the health of your business, the financial statements must be accurate. Pulling together all of the required financial information and making sure it is accurate can be a daunting task, but you can be at ease with Ketchum Bookkeeping preparing your financial statements.
The financial statements are the cornerstone of any decision making inside and outside of a business. Preparing the Profit & Loss and the Balance Sheet are important processes that cannot be overlooked. Once the reconciliations has been completed, preparing and reviewing financial statements can be completed for any period requested. Commonly, requested are official annual statements and interim monthly or quarterly statements.
CFO Services
Once the books have been cleaned up and the financial statements have been prepared, now the decision making needs to occur. Many business owners know exactly how their services work and all the secrets of their industry. But what do you do about the money stuff? If you need advice and help figuring out what the best decisions are from a financial perspective, CFO Services can help. Ketchum Bookkeeping can guide you through even some of the trickiest situations requiring a seasoned CFO with solid financial know-how.
There are many financial aspects to be considered when decisions need to be made. Things like appropriate bank account structures, cashflow projections, and maybe just some overall guidance based one standard industry key financial ratios may provide valuable insight for dilemmas you face as a business owner. Having a seasoned business professional providing you the CFO experience will help you investigate and navigate the financial aspects of any business decisions you may need to make.