| This activity includes recording all transactions, categorizing expenses and income, reconciling bank accounts, and generating basic financial reports such as a profit and loss statement and balance sheet. |
| This activity includes managing and tracking all bills and payments owed by the business. This includes recording and tracking invoices, processing payments, and reconciling vendor statements. |
This activity includes managing and tracking all customer invoices and payments received. This includes creating and sending invoices, tracking payments, and following up on late payments.
| This activity includes managing payroll for the business, including calculating and processing employee salaries and benefits, filing payroll taxes, and generating pay stubs and tax forms. |
| This activity includes preparing and filing all necessary tax forms for the business, including income tax, sales tax, and payroll tax. This may also include providing tax planning and advice to the business. |
| This activity includes analyzing financial statements and data to provide insights and recommendations for improving the business’s financial performance. This may include forecasting, budgeting, and identifying areas for cost savings or revenue growth. |
Our Packages
Starter Package - Basic Bookkeeping
Basic bookkeeping is a fundamental service that every business needs to keep track of their finances. It involves recording all financial transactions that occur within a business, including expenses, income, and any other financial activity.
1. Recording all transactions: This involves entering all financial transactions into the business’s bookkeeping system. This can include invoices, receipts, bills, and other financial documents.
2. Categorizing expenses and income: All transactions need to be categorized accurately to ensure that the business’s financial statements are correct. Expenses and income need to be categorized into appropriate accounts such as office expenses, rent, sales.
3. Reconciling bank accounts: This involves comparing the transactions recorded in the accounting system with the bank statements to ensure that they match. Any discrepancies or errors are identified and corrected.
Generating financial reports: Basic bookkeeping services typically involve generating basic financial reports such as a profit and loss statement and balance sheet. These reports provide a snapshot of the business’s financial performance and position.
The charges of this package depend on the volume of transactions & the manhours per month.
Smart Package - A/P & A/R along with Bookkeeping
Everything in Starter Package + the following tasks
Accounts Payable
This package includes managing and tracking all bills and payments owed by the business. This includes recording and tracking invoices, processing payments, and reconciling vendor statements.
Accounts Receivable
This package includes managing and tracking all customer invoices and payments received. This includes creating and sending invoices, tracking payments, and following up on late payments.
The charges of this package depend on the volume of transactions & the manhours per month.
Primo Package - Smart Package + Payroll, Taxes & Financial Analysis
Everything in Smart Package + the following tasks
Payroll Services
This package includes managing payroll for the business, including calculating and processing employee salaries and benefits, filing payroll taxes, and generating pay stubs and tax forms.
Tax Preparation
This package includes preparing and filing all necessary tax forms for the business, including income tax, sales tax, and payroll tax. This may also include providing tax planning and advice to the business.
Financial Analysis
This package includes analyzing financial statements and data to provide insights and recommendations for improving the business’s financial performance. This may include forecasting, budgeting, and identifying areas for cost savings or revenue growth.
The charges of this package depend on the volume of transactions & the manhours per month.
FAQ
Why do you need to outsource bookkeeping?
Outsourcing bookkeeping allows businesses to focus on their core operations while delegating financial record-keeping tasks to professional and experienced bookkeepers. Additionally, outsourcing can provide access to specialized expertise and technology, improve financial reporting accuracy and efficiency, and reduce costs compared to maintaining an in-house bookkeeping team.
Benefit no.1 of Outsourcing Bookkeeping
Cost savings: Hiring a full-time in-house bookkeeper can be expensive, especially for small businesses. Outsourcing the task to a professional bookkeeping firm is often more cost-effective.
Benefit no.2 of Outsourcing Bookkeeping
Access to specialized expertise: Bookkeeping firms typically have a team of experts with a deep understanding of accounting and tax laws. They can provide valuable advice and support to help businesses make informed financial decisions.
Benefit no.3 of Outsourcing Bookkeeping
Improved accuracy: Bookkeeping firms have the necessary tools and technology to accurately record and categorize financial transactions, reducing the risk of errors and oversights.
Benefit No.4 Of Outsourcing Bookkeeping
Time savings: Business owners can spend less time on administrative tasks and more time focused on running and growing their businesses.
Benefit No.5 Of Outsourcing Bookkeeping
Scalability: Outsourcing bookkeeping allows businesses to scale their services up or down as needed, making it a flexible solution for businesses of all sizes.
Benefit No.5 Of Outsourcing Bookkeeping
Focus on core business: Outsourcing bookkeeping services allows business owners and managers to focus on their core business functions, instead of spending time and resources on bookkeeping tasks.
Benefit No.6 Of Outsourcing Bookkeeping
Flexibility: Outsourced bookkeeping services can be tailored to meet the specific needs of your business, providing greater flexibility than an in-house bookkeeper.