Bookkeeping
When most people hear the word “bookkeeping”, thoughts of countless receipts, clerks in windowless offices, rote categorization, boring monotonous work, near insurmountable emotional barriers, and wondering what the point of it even is all come flooding to mind. While we can’t deny that sometimes the work is indeed monotonous, we’d instead invite you to take a step back, purge those thoughts, and consider the following:
What products do we want to offer?
How much do we price our services at?
Which vendors do we need to pay this week?
How much cash do we need to keep on hand?
What does our project profitability look like?
How much are we going to owe in taxes? And, most importantly, how much money is the business making?
Here’s a glimpse of what your experience looks like as one of our clients utilizing Financial Cents.
Now because you’re an intelligent individual, you know that the previous question is a leading question. And you also probably guessed that the answer to the leading question is “bookkeeping.” But how? Think of bookkeeping as the foundation upon which we build our decision-making process. If we want to make informed decisions about which services lines to focus on, then we need to be sure that our revenue data is accurate. If we want to improve our profitability for each of our jobs, first we need to know our actual profit margin. It is impossible to plan for the future if we don’t know where we are in the present.
But as a business owner, you have enough to worry about when it comes to running your business. You most likely don’t have the time, inclination, or training to build or improve your accounting processes. That’s where we come in. Our accounting team is certified in each accounting system that they work on and is overseen by a licensed CPA who specializes in financial accounting, so you can rest easy knowing that your business’s financial information is handled by a professional whom you can rely on.
As a technology-focused CPA firm, we’ve built out our backend processes so that all of our clients that we provide ongoing services to receive access to a data analytics system that integrates with their accounting system. This way, rather than reviewing a simple set of financials, you receive a dashboard that provides insight into how your business is truly performing.
This is why we’ve partnered with Digits, a software startup company that specializes in providing small businesses with smart, AI powered analytics systems. Gone are the days where business analytics are only the domain of large corporations requiring million-dollar IT budgets. Now, small businesses can have deep insight into their financial information.
See Digits’ video below on the smart financial reports that all our bookkeeping clients receive every month:
Here’s a glimpse of what your experience looks like as one of our clients utilizing Digits.
