Accurate and Professional Monthly Bookkeeping Services for Springfield, MO Small Businesses & Non-Profits
The ongoing process of keeping your books and records up to date and accurate is one of the most fundamental aspects to running a successful enterprise. If you do not have an understanding of your financial position, there is no way you can keep your business moving in the right direction.
Because your enterprise is required to do bookkeeping anyway, (whether for a tax return or internal purposes), I think you should benefit from the financial information contained inside allowing you to make informed, proactive decisions regarding your business.
Our monthly bookkeeping service includes reconciling your bank account, categorizing income and expenses correctly, and a management report showing areas for improvement.
How should you spend your time?
Some small business owners don't understand that all the time and effort spent doing accounting and bookkeeping tasks could be spent doing more profitable things like increasing sales and improving operations.
As a business owner, you have three options when it comes to your bookkeeping:
In an effort to save money, many business owners try to do their own bookkeeping. If you have the time, inclination, and desire, this option may work out great! But as your business starts to grow, you may find you no longer have the time or desire to continue. There is a point in the life-cycle of a business when it makes more sense to focus on what you do best, and outsource some other functions to a competent professional.
If your business has grown to the size of possibly needing an office manager/bookkeeper/jill-of-all-trades individual, this may be a good option for you. One of the problems we've seen is in an effort to save money, many business owners hire unqualified people to do more than the employee's skill set allows. There is also a tendency to pay this person a low wage because bookkeeping isn't a full time job for many small business enterprises.
Second, without a CPA or trained professional checking over the books, the in-house bookkeeper may make costly errors and mistakes resulting in paying more taxes than necessary or might be costly to correct once discovered.
Third, an in-house bookkeeper comes with the additional costs of paying employment taxes and possibly paying for more hours of work than you actually need.
With our monthly service, your accounting records will always be up to date and maintained by a professional who does this full-time without having another employee for you to manage and pay.
Benefits of using our monthly bookkeeping service:
Increase your time to focus on growing your business and improving your operations.
Accurate and up-to-date records allowing you to make sound, informed decisions.
Maintaining your fixed asset accounts to plan for depreciation.
Relieve you of the hassle of hiring and managing another employee.
Preparing a monthly set of financial statements that include a profit & loss, balance sheet, and management report.
Help understanding what all the numbers mean and how it is impacting your business.
Monthly reconciling of your bank accounts and credit cards.
Clean up and analysis of your general ledger.
Quick turnaround and responsiveness to any questions or issues that arise.
What does your monthly bookkeeping service cost?
The cost to outsource your bookkeeping tasks will depend on the size of your business, the specific tasks you are wanting done, and the frequency and number of transactions you have on a monthly basis.
We don't bill any service by the hour as we think that creates an environment where our clients are afraid to contact us when they need help as they do not want to get an invoice for a quick phone call!
Our starting bookkeeping package begins at $200/month. If you would like a detailed estimate for our monthly bookkeeping service, please give me a call at 417-379-1076 or fill out the Contact Form to get in touch.
We look forward to hearing from you!