WHAT DOES A BOOKKEEPER DO?
Our bookkeepers will help your business have accurate, up-to-date financial statements that you can use to manage your business' growth and cash flow.
Our account managers have an average of 11 years of experience, and are experts on helping young, funded businesses with their bookkeeping. But that experience helps our team go beyond simple, outsourced bookkeeping, and offer financial advice and due diligence help that other accounting firms can not match.
RECORDING FINANCIAL TRANSACTIONS
When revenue or expenses happen, it's your bookkeeper's job to record these into your company's accounting system. This probably involves categorizing the "transaction" in a way that makes sense, say a payment to your payroll provider as a payroll expense.
We can quickly and accurately record the vast majority of your company's transactions without you having to do anything.
Business moves quickly, and you need an experienced bookkeeper or accountant to review your books and financial records to make sure your books are accurate.
Our team is trained to look for specific errors based on your company's stage.
Correct accounting relies on more than just data feeds, and our team knows the questions to ask our CEOs for the information needed to produce GAAP revenue.
Incorrect revenue recognition is one of the biggest reasons businesses switch to us as their bookkeeper, especially the online bookkeepers with questionable accounting experience that claim to do everything with "automation" - which is really a code word for the business owners having to code everything correctly.
Businesses need to have accurate books. Reconciliation is an important step in bookkeeping. This is when your bookkeeper makes sure that the different records balance, and that the money leaving an account (like your company's bank account) matches the actual money spent.
MANAGING BILL PAY
Businesses need to carefully manage their burn, and best in class bill pay helps give founders the controls they need to preserve cash.
Our clients use bill.com, which is a leading provider of accounts payable for companies of all sizes. An automated bill pay system also integrates directly into accounting software, minimizing the amount of data entry.
PREPARING FINANCIAL STATEMENTS
Experienced founders want to see three important financial statements, usually every month: the income statement, cash flow statement and balance sheet.
Not all owners are trained finance professionals. Our accounting team knows how to explain what financial statements mean and how important metrics impact a business's strategy.