Bookkeeping Services for Small Businesses
“Do I really need a bookkeeper?” How many times have you asked yourself that while you were struggling to figure out QuickBooks, determine your expenses, or try to prepare for tax season? Because bookkeeping is basically just math and is simplified through the use of great accounting software like QuickBooks, it is often one of the last things a company will outsource.
As entrepreneurs and business owners ourselves, we understand the desire to roll up your sleeves and just get the job done. You have to be willing to jump in and do what needs to be done to be a successful business owner. However, you also have to know when to work smarter and not harder.
That means delegating the right jobs to the right people at the right time. Hiring Stander & Company to handle your bookkeeping services does just that. You get highly qualified bookkeeping services that save you time, freeing you up to devote yourself to actually running your business, and the increase in efficiency that ultimately lets you be more profitable.
In fact, once business owners or managers do make the decision to use our bookkeeping services, the consistent refrain is that they regret not using us sooner.
What Can a Bookkeeper Do for You?
From setting up QuickBooks for your business to helping you manage your audit risks, a bookkeeper is not just responsible for financial reporting, but also for protecting your business. As bookkeepers, we routinely help our clients:
Protect vulnerable Assets like Cash and Inventory
Understand cash flow and plan accordingly.
Manage audit risks with proper record keeping and documentation.
Plan year-end tax strategies with your CPA using reliable information.
Full Bookkeeping Services
- Sales Tax Filing
- Tracking Inventory
- Electronic Document management
Bank and Credit Card Reconciliation
- Input all transactions for bank accounts and/or credit card accounts
- Reconcile bank and credit card accounts
- Make any adjusting entries needed
- Create financials including the Balance Sheet, Profit and Loss and any other reports needed
Accounts Payable Services
- Maintain bills and credit per vendor
- Process payments via email or mail
- Maintain al paperwork and payments
Accounts Receivable Services
- Maintaining Customer Records
- Entering invoices to be emailed or mailed
- Process statements to be emailed or mailed
- Process sales tax returns
- Collections on past due invoices
Signs You Might Need a Bookkeeper
You no longer have time to keep the books. Most small business owners start out multitasking, and bookkeeping is just one more thing on the to-do list. As a business grows, not only will you have greater time demands in other areas, but your bookkeeping needs are going to get more complex. If you find yourself spending more time than you would like handling your books, it is time to consider a bookkeeper.
You are making significant mistakes. Everyone makes an error from time to time, but bookkeeping errors can put you and your business at risk. Maybe bookkeeping is simply not your strong suit, maybe multitasking makes you prone to errors- whatever the reason, if you find yourself repeatedly making costly mistakes in your bookkeeping, you need a bookkeeper immediately!
You are not spending enough time planning for growth. Many businesses owners think of revenue and financial planning in terms of the next year, or even the next quarter. The secret to financial success is to take a longer view of your companies’ financials. Working with a bookkeeper helps you make decisions based on the data, rather than gut feelings or impulses, which helps you plan for the long term.
You lack internal controls. When you start a small business, it is common for the person handling the bookkeeping to also be the person handling purchases. However, as your business grows and you delegate control to other people, you want to set up a system with internal controls that help you easily detect if someone is doing something inappropriate with your business’s money. No one wants to think it will happen to them, but it happens to businesses all the time. What is so surprising to so many people is that it is not bad employees that embezzle. It can’t be; business owners do not turn over financial responsibility to people they think of as bad employees. Instead, embezzling usually starts when a good person gets in a bad situation and makes an even worse decision and then things start to snowball. Having a bookkeeper who is separate from the person writing checks is a great way to stop the snowball before it can take down your business.
You are vulnerable to the loss of a single employee. If you have an employee who handles all of your bookkeeping, what happens if that employee gets sick, quits, goes on vacation, or is otherwise unavailable? Do you have a continuity plan that provides consistency for your business?
Your books are a mess. If your books are a mess and you are either dreading putting them in order or simply do not know how to do so, then you need a bookkeeper. The longer you put it off, the messier your books are going to get. Let a bookkeeper help you before messy books lead to messy business.
What Are the Benefits of Outsourcing Versus an In-House Bookkeeper?
Affordability. Chances are that you do not need a full-time employee to do your books, so why pay for one? When you outsource your bookkeeping, you pay for the services you get.
Scalability. Hopefully your business will continue to grow and thrive. With an outsourced booking service, your bookkeeping can seamlessly keep up with business transitions. While no one wants their business to contract, that is always a possibility, as well. Having an outsourced bookkeeper allows you to scale down, easily, too.
Security. We hate to keep talking about the possibility of employees stealing from businesses, but it is a possibility. With an outsourced bookkeeper, there is no personal relationship between the person writing the checks and the person keeping the books like there could be with people working in the same office. This reduces the temptation to overlook any irregularities and report them immediately.
Financial decisions require the right information at the right time. With Stander and Company, access to the financial health of your business is always available to our clients. You can get immediate access to information that you need to make real-time business decisions.
- Profit & Loss
- Balance Sheet
- Sales Summary
- Accounts Payable
- Accounts Receivable
Do You Offer One-Time Bookkeeping Clean-Up Services?
Of course! We are ready to tackle even the messiest of books! Do you put off accounting projects because you dread the data entry? Are your books years behind? Struggling to reconcile bank or credit card statements? We’ve got you. Look, we are not going to lie; we are great at what we do and many of our one-time customers end up converting to regular customers based on the quality of work that provide, but we are a client focused business and we are happy to provide one-time clean-up services if that is all you need. We specialize in thorough data reconstruction and cleanup. We can get everything reconciled and caught up so that you can file taxes, prepare for an audit, apply for a loan, or simply start fresh with nice books.
What Software Will I Need?
We work with QuickBooks. Yes, we know there are other bookkeeping suites available, but there is a reason that QuickBooks has become the industry standard; it is easy-to-learn, intuitive, and compatible with a variety of other software suites and applications. Click here to learn more about why we love QuickBooks and how it can help make your day-to-day operations easier.
Do You Offer QuickBooks Setup?
Absolutely. We know plenty of business owners who are a little embarrassed by the fact that they have struggled to set up QuickBooks. The reason it can be so stressful is that a proper setup and installation of QuickBooks is critical to it working as intended. To set it up properly, you need to know which accounting method you will use, the chart of accounts you need for your business, and how to handle beginning balances. If you make mistakes, your books will be off, and you could be facing some problems. Fortunately, we can handle setup for you.
What Sets Stander & Company Apart from Other Bookkeeping Companies?
We are not going to pretend like we are the only reputable, honest, affordable, and skilled bookkeeping company available. There are some other great companies out there, but there are also some terrible ones. We think telling you a little about our values, not just as a company but also as people, can help you decide whether we are the right company for you. We take a four-pronged approach to all of our bookkeeping clients.
Accuracy. Accuracy is a key part to Stander & Company’s success with each client bookkeeping needs.
Integrity. Our success also come from the integrity that we have as a bookkeeping service with high standards of morals and principals that we pledge to have and to continue to give to each of our clients and future clients.
Communication. Stander & Company wants our clients to know immediately If there are any changes in their financial status, both positively and negatively.
Personal. Stander & Company wants the opportunity to have a personal one on one relationship with each client to suit all their bookkeeping needs in a professional manner.
What Do Clients Say About Stander & Company’s Bookkeeping Services?
The best sign of a good business is happy, satisfied clients who are willing to put their reputations behind our reputation. Here is what a few local business owners have had to say about our services:
Still not sure we’re the right choice for your business?
Good; you shouldn’t be. Remember what we said about the importance of a personal relationship with every client. The best way to decide whether we are the right bookkeeping service for your business is to call us to set up a consultation. We can find out your needs and let you know how we would meet them, so you have the information you need to make the right choice for your business. We look forward to talking with you.