LeverageCPA.com

Business Consulting Services

noreply@blogger.com (Anonymous) — Sat, 07 Jul 2012 16:58:00 +0000

Meticulous accounting practices and governance are a necessity for the success of any business, regardless of size. While business owners should have an understanding of their finances, their interests may be best represented by consulting a seasoned CPA.
The professionals at M&K CPAS, PLLC understand the level of accounting and governance that is necessary for the future growth of any business.
Throughout the years, our professionals have worked with businesses of all sizes. Our wide range of services and expertise helps secure the future growth for many businesses across the globe. These services include:

Business Planning
When venture capital or large loans are at stake, many companies prefer to hire expert consultants to highlight the best aspects of the company through developing a business plan detailing how the company plans to achieve its objectives.
The professionals at M&K CPAS, PLLC have years of experience helping businesses map out their road to success by developing comprehensive business plans. Business plans help identify internal problems, new opportunities, and resources. They are vital in creating and reaching new milestones.
Call 832-242-9950 or contact us online for an in-depth consultation. Our professionals will help you develop a plan that puts your business on a path towards growth.

Devising the Proper Business Plan
As new trends in an industry are identified, new business plans should be created to address the changes and how the company plans to take advantage of such changes. Addressing changes in the industry will help businesses maintain their competitive advantage. The professionals at M&K CPAS, PLLC will help develop goals and strategies to compete in your industry.
Business plans may be written in numerous formats. The type varies based upon the audience and the complexity of the business. Our experts often address the following topics when executing a proper business plan:
Business Summary
Market Opportunity
Addressing the People Involved
Implementation and Contingencies
Financial Projections
Sources of Capital

Business Summary
A business summary will describe the business venture, purpose of the venture, management, marketing, finances and operations. This summary allows the interested parties to fully understand the intent and future execution of your business.
Market Opportunity
The market opportunity segment addresses how the business will meet an unmet need in the industry. The target customers, pricing and competitors are also described in this section. This allows the interested party to visualize the business conception efficiently.
The People Involved
Sound business plans should address the people that will be managing the business. Addressing the audience involved in the business plan also provides opportunity to receive input from your employees.
Implementation and Contingencies
Our business plan consultants will assist you in describing exactly how to implement the business idea in the "Implementation" section of the plan. Implementation strategies can include:

Marketing
Operations
Financial
Start-up

This segment elaborates on how the company will delineate itself from the competition and any costs associated with implementing of the plan. This aspect also addresses how management will respond to anticipated problems as they arise.
Financial Projections
This could include items such as break-even analysis, projected financial statements, and assumptions in which projections are based.
Sources of Capital
This would detail the company's plans in raising capital through debt and equity instruments.

Consulting an Expert

The professionals at M&K CPAS, PLLC are trained to write business plans for all types of companies, including for-profit, non-profits, limited liability corporations, S-Corporations and others. Our services will help you meet your goals by identifying available resources and developing a sound plan to meeting them.
Call 832-242-9950 to determine how our experts can help your business succeed.

Business Growth Plans
After developing a comprehensive business plan, companies often develop more specific growth plans to further address how the company plans to evolve.
Business growth plans govern the daily action of employees and involve everyone in the growth of the company. The vision of the company is clearly outlined to create a collaborative environment for capturing opportunities.
Let the professionals at M&K CPAS, PLLC help you create a sound growth plan to take your business to the next level. An effective business growth plan should encourage the company to focus on the following:
Strong promise fulfillment
Marketplace research
Purpose
Marketing plan
High sales conversion rate
Accurate, timely billing and collections
Assessment of available resources
Management evaluation

Business growth plans should be reviewed and revised on a regular basis. As new trends enter the industry, business growth plans should reflect the changes and incorporate the ideas into the strategy.
Our CPAs can help keep your plan up-to-date and effectively respond to industry trends.

Creating the Growth Plan

The plan should also assess the skills of employees to allocate the best people to projects that will implement your plan for growth. In some instances, companies find that their current team is not adequately experienced to accomplish the new goals of the company. Growth plans may also include funding for expansion (e.g. equipment, facilities, and staff).
An increase in sales is greatly aided by renewed public interest. With this in mind, the business growth plan should provide a detailed description of the company's marketing plan, which should discuss the company's competitive advantage and branding strategy. Having an effective marketing plan will also help encourage growth and increase revenue.

Mold Your Business's Future

Our firm can help steer your company in the right direction for successful growth. We hold years of experience in effectively developing business growth plans, financial statements, financial forecasts and constructing numerous other reports that help guide your business to prosperity.
Call 832-242-9950 or send an online message to receive more information and an in-depth consultation. Begin creating your road map to success.

Selling Your Business
As a business owner, selling your business is probably one of the most difficult and complex decisions that you may be forced to make. There are many reasons that this decision has to be made, including financial considerations, personal issues, or desire to enter into a different field or create a new business.
The professionals at M&K CPAS, PLLC are highly experienced in this process. By providing accurate financial reporting, they help ensure a proper valuation for your business. Contact our firm to learn more.
When selling your business, it is important to consider what potential buyers may value. This includes:
What are future goals of the potential buyers?
Who will be affected by the selling of your business?
Is this going to be a clean separation?
Will you retain day-to-day involvement?

When others are involved in your business, you should examine the affect that selling your business may have. This means considering the role that key players will have after the company is sold, such as management, investors, and business affiliates.

Selling your Business in Parts Rather Than a Whole

Not all businesses are the same and it is possible to sell all or a part of the business according to what the majority owner wishes. For a new buyer, the terms of the sale may include retaining the old ownership, at least in principle for a while, in order to form a greater sense of continuity as the sale goes through.
This may be advantageous to both parties in many instances and will allow the business itself to form a more seamless transition between the old and new owners.
There are also times when the business itself is not sold off, but instead various articles of interest are offered to buyers. These may include surplus equipment, customer lists or other types of assets that are expendable. Anything that is not part of the original agreement will remain in the owner's possession.

Comprehensive Business Valuation

It is highly advisable for any business owner to seek expert tax advice before making any kind of selling arrangement. Our team of experts can provide you with the valuation and consulting that you need during this critical time. For more information or for a free consultation, please call 832-242-9950.

We also offer accounting and auditing services for business across many industries. For more information, please contact our firm directly at (832) 242-9950.

Meet Your Financial Goals

Through accurate accounting, business owners become aware of important performance metrics, profitability calculations, and efficient long-term planning. This information makes it easier to allocate resources to meet future goals and objectives.
Our experts can also help ensure that your business's finances respond well to short-term demands and thrive after unexpected emergencies.
Let M&K CPAS, PLLC help you succeed through our consulting and advisory services. We have worked with businesses of all sizes, providing the accountability and financial tracking that creates a growth-friendly environment. Contact us today for an in-depth consultation.

Professional Tax Services

noreply@blogger.com (Anonymous) — Sat, 07 Jul 2012 16:55:00 +0000

M&K CPAS, PLLC is a full-service provider of professional tax services for both businesses and individuals. Our professional and experienced accountants can provide a variety of services to meet your personal needs, including auditing and tax services. Our professional tax services provide you with informed guidance through a maze of tax laws, regulations and rulings.
From corporations to individuals, our tax services include:

Tax Consulting & Planning
If your business is just getting started, we can assist in setting up an accounting system that will provide all the information you need to run the business effectively, efficiently and profitably, as well as the data needed for legal filings for tax purposes. We'll help you structure your company to take advantage of all tax benefits available to you.
M&K CPAS' blend of seasoned tax professionals, industry-specific expertise, cutting edge research capabilities and top-notch continuing education is designed to provide our clients with creative "outside-of-the-box" tax planning ideas and opportunities.
Throughout this process, we understand that our approach must be practical to be successful and that, when possible, simple is usually superior. Our focus is to continually present our clients with tax-saving ideas that increase their bottom-line and build wealth.
We can also work with the IRS to obtain advance rulings on proposed transactions to assure compliance with tax laws. Different accounting rules and regulations apply to non-profit organizations, and our experience will ensure that you're in compliance with those rules and regulations. Call 281-583-0591 to get started.
Federal & State Tax Returns
Payroll Services
Tax Audit Representation

Transparency and Dependability

M&K CPAS, PLLC has helped thousands of individuals and businesses across the nation with their unique tax needs. We are a PCAOB registered firm and rank among the nation's fastest growing accounting firms. Our services are flexible and adaptable to your unique needs.
To receive more information about our professional tax services or to receive a free consultation, please call 281-583-0591 or contact us online. Let us show you the difference that decades of accounting expertise can make.

Professional Accounting Services

noreply@blogger.com (Anonymous) — Sat, 07 Jul 2012 16:53:00 +0000

M&K CPAS is a full service accounting firm. We provide professional accounting services and understand the importance of your time and want to assist by giving you more time to focus on your clients, while we focus on the details of your financial matters. Whether you are a startup company or mature in your market our professionals have the experience to help you with your professional accounting services.

Full Service Accounting Firm

M&K CPAS is dedicated to providing professional accounting services for public and private companies across a wide array of industries. Our experienced professionals can help your business thrive with professional services, including:

Bookkeeping
Compilations
Monthly Bank Reconciliation
Bill Payment and Accounts Payable
Trial Balance preparation
Financial Statement Compilation
General Ledger Maintenance
Accounts Receivable
Cash flow analysis
Monthly, quarterly, and yearly reporting
Payroll processing
Financial analysis
Day to day tasks reporting
Yearend tax projections
Fixed Asset maintenance
Form W-2 and 1099 processing

Every company faces unique challenges and their accounting processes should adapt to meet and anticipate change. Let M&K CPAS provide your company with a growth-friendly environment through expert accounting and planning. With decades of experience, you can be confident that our services will help ensure your company operates efficiently.
For more information on our professional accounting services, call (832) 242-9950 or contact us online to speak with one of our experienced professional accountants.

Auditing and Assurance Services

noreply@blogger.com (Anonymous) — Sat, 07 Jul 2012 16:52:00 +0000

Financial reporting and auditing practices have become increasingly complex. The professionals at M&K CPAS, PLLC provide auditing and assurance services because they understand the nuances behind this evolving field. We employ our extensive experience and high attention to detail in providing quality financial services to businesses of all sizes.
Our expertise extends to across a wide range of auditing categories, including:

Financial auditing and assurance services provide shareholders with assurance that the information provided is accurate. This helps investors monitor their stake in the corporation. It also provides a healthy platform to develop concise future initiatives for a company's growth.
The professionals at M&K CPAS, PLLC are skilled in providing the best financial reporting and auditing services to your company. Our accountants are qualified to address complex transactions that may appear in an audit.
We are committed to accuracy and prepare thorough financial statements that prepare your company for mergers, acquisitions, reverse mergers and other numerous milestones. Contact our firm today for a free consultation.

What is the best online solution to accept payments, do book keeping and invoice the customer?

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 20:11:00 +0000

Our service to our customers accumulate during the month and an invoice is sent on a monthly basis. We would like them to settle the invoice via PayPal or credit card. We also want this integrated with our book-keeping solution. I have heard that the options are Freshbooks, Quickbooks, Expensify, Saasu and Xero. Our startup is in Singapore.

Edit

Comment • Post • Wiki • Options • Redirect Question

6 Answers • Create Answer Wiki

Wray Rives, CPA CGMA

I would recommend a combination of Freshbooks and Waveaccounting. Freshbooks does an excellent job of handling invoicing and it has an API to integrate with Waveaccounting which will handle all the remainder of your bookkeeping. Freshbooks will also integrate with Paypal and/or Google Checkout to accept credit cards.

Comment • Post • Thank • Feb 21, 2012

Catherine Walker, Community Manager at Xero. Here to he...

1 vote by Stephen Valenta

Xero offers invoicing, PayPal integration and bookkeeping. Are you using already using a bookkeeping solution? You can enter and send invoices directly out of Xero, offer a PayPal link for your customers on the invoice, have your PayPal transactions automatically sent into Xero to match up to the invoices, al the while using a double-entry accounting system. If you'd like to see a bit more about how PayPal works with Xero - we have information in our Help Center (http://help.xero.com/#Q_OnlineIn...)

Comment • Post • Thank • Mar 6, 2012

Ryan Johnson

1 vote by Reshma Roy

I would recommend Freshbooks and Invoicekeeper. Freshbooks http://www.freshbooks.com/ is a paid software and allows limited number of clients whereas InvoiceKeeper http://www.invoicekeeper.com/ is free for lifetime and allows to manage unlimited clients.

Comment • Post • Thank • Feb 27, 2012

Greg Lam, Entrepreneur

It sounds like http://www.freshbooks.com/ is a good solution for you. If you need more comprehensive bookkeeping than FreshBooks can offer, it integrates with many different online accounting software providers.

Comment • Post • Thank • Apr 25, 2012

Anton Mar

Based on your question you are looking for invoice, recurring invoice (subscription), payment and expense tracking as well as online payments. Additional consideration is that you are based in Singapore, so local currency *SGD* must be supported.

There are few considerations when picking the right software:

- Do you need support for multiple taxes like GST and VAT. While it isnt Singapore requirement - it may be if you have clients in other regions.
- How do you plan to support credit cards? Do you already have Paypal Pro account (or regular account) or have a merchant account with agreements to transact credit cards on the web (usually this comes with Authorize.net gateway)
- Do you have one person working on invoicing and book keeping or multiple team members. If so is there role-based entitlements and client permissions.

Some additional information about Sing Invoicing: http://www.easyinvoicesoftware.c...

If you need all/some of the above - recommend trying out system that we've built called BillGrid.com. It excels at the difficult points above while providing Invoice, Estimates, Expense and Time Tracking functionality with advanced customization options and support for online payments and teams. We also have working experience with companies from Singapore.

Hope this helps in your search!

Comment • Post • Thank • Apr 18, 2012

Reshma Roy, Zoho Books & Invoice Team

You should probably give Zoho Books (http://www.zoho.com/books/ ) a shot. It's an accounting software that also lets you create and send unlimited invoices. Your customers can make full or partial online payment through online gateways like PayPal and Authorize.Net. Once payment is received it'll be recorded in Zoho Books. Sign up for the FREE trial and invite your colleague or accountant to Zoho Books and see if it fits your needs. For any help just pop a mail to support[at]zohobooks.com. If you're just looking for an invoicing solution with all the above needs plus excellent reports and minus the accounting involved then surely Zoho Invoice (http://www.zoho.com/invoice/) is a good option.

Comment • Post • Thank • Mar 13, 2012

What accounting/invoice service is better for startups, e.g., Freshbooks, Quickbooks, Shoeboxed, Expensify?

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 19:59:00 +0000

David Barrett, Founder and CEO of Expensify ("expens...

15 votes by Tor Grønsund, Jacob Esparza, Pashmina Lalchandani, (more)

Hi all, sorry for the slow reply. I'm biased, being the founder of Expensify, but here's my take: these options aren't alternatives so much as complementary tools. Expensify integrates with Freshbooks and QuickBooks, for example. So it's not so much a question of which you use individually, but what subset you use as an integrated collection.

If you were going to pick only one, honestly, I'd pick QuickBooks (specifically, QuickBooks Online). That's what your accountant is going to eventually pick so you might as well just get started with it. It is a bit of a pain, especially if you're a non-accountant, but if what you want to do is "accounting" then that's the tool for the job.

On the other hand, you might not actually care about "accounting" in the classic sense -- and that's ok. Most small businesses are just struggling to get off the ground and dealing with the IRS is one of those "problems I'd love to have". So if you're in that boat, I'd ask: what do you *really* want to do (versus, what do you think you're supposed to do).

If what you really want to do is submit invoices to clients and accept payment, FreshBooks is probably your best choice. It's designed explicitly for this and does a great job. it's what all the other contractors use so it's the obvious choice.

As for Expensify, we're the right choice if you have a lot of expenses that you want to track, such as if you do a lot of travelling for work and need to get reimbursed (or reimburse employees). Basically, anything involving business expense tracking, credit card purchases, mobile receipt scanning, or expense reporting is our turf.

Next, there are flavors on the above answers. If you are a consultant and you "re-bill" a lot of expenses to clients, you might consider using Expensify to track those expenses, and then bill them to the client using Freshbooks. Or maybe even skip Freshbooks and just submit invoices to your clients directly through Expensify. (An advantage of this is your clients can pay you directly via Expensify using a credit card or direct deposit, without you needing to set up a merchant account.)

And of course you can always get started with one (eg, Expensify) and then later when your accountant wants you to use QuickBooks, it's a simple matter of exporting all your accumulated expenses to it.

The upshot is these aren't "either/or" options. So I'd suggest figuring out what your greatest pain point is, pick the tool that solves that in the fastest and easiest way, and then you can add the other tools as needed.

-david
Founder and CEO of Expensify
Follow us at http://twitter.com/expensify

2 Comments • Post • Thank • Feb 1, 2011

Nichelle Stephens, Have a degree in accounting. done boo...

3 votes by Mark Bakker, Jennifer Dunn Escalona, and Casey Allen

Not all the services do the same thing. Freshbooks and Quickbooks are bookkeeping/accounting applications. Shoeboxed and Expensify help you keep track of expenses, but don't do invoicing, accounts receivable and other bookkeeping functions. Outright.com is a good simple applications where you import banking transactions and income tax summary (Schedule C) is generated. Also there is Kashoo.com, and ZohoBooks. Zoho Books doesn’t have bank integration yet. Zoho Books costs $24/month which is way more than the $9.95 for Outright and Kashoo

Comment • Post • Thank • Jan 30, 2011

Sara Rosenfeld, Community Manager & Customer Advocate...

3 votes by Garrick Saito, Christophe Primault, and Stephen Valenta

Hi,
Great insights so far, I just thought I'd join in and add my two cents. As mentioned above, there really is no one accounting/invoicing software that is best across the board for all small businesses. It really depends on your accounting needs, level of skill with accounting, price point, and the amount of time you are able to devote to your accounting. The more complex your accounting needs, the more likely you are to need a more complex system.

First and foremost, you should determine whether you are looking for accounting, invoicing, or both. You should also try to identify whether you are looking for a financial tracking tool (such as Outright.com ) or if you are looking for real double-entry accounting (such as with http://kashoo.com or www.waveaccounting.com) Disclaimer: I work at Wave. If your accounting needs are complex and you will be allocating a lot of time and resources to your accounting, you may want to consider an option such as Quickbooks online.

As you mentioned invoicing, you might want to consider whether you want to run two separate applications, one for accounting and one for invoicing, or whether you want to find an application that has the functionality for both. www.waveaccounting.com http://kashoo.com and http://www.xero.com/ are all apps that do both, whereas Expensify and Invoicera.com are applications that specializes in invoicing (as mentioned above).

Lastly, I would consider price point. These applications range significantly in price, anywhere from free applications such as www.waveaccounting.com to pricier apps such as Quickbooks online.

As many of these apps offer a free trial period (or are entirely free), I would recommend that once you've narrowed down what your needs are, you try out 2-3 and see which works best for you.

Comment • Post • Thank • Oct 12, 2011

Christophe Primault, At GetApp.com I help businesses disco...

2 votes by Chris Bliss and Stephen Valenta

It depends where your startup is based and which are the other applications you use. Freshbooks and Quickbooks Online are popular together with Xero. Zoho has just launched Zoho Books which is very interesting when combined with Zoho Invoice. If you are in the UK, you should also consider Kashflow and Arithmo. If you are interested in checking an organized list of Online Accounting Apps, some with user reviews, you can follow this link http://www.getapp.com/accounting...

Comment • Post • Thank • Jan 30, 2011

Mariette Knoblauch, Taxes for Small Businesses

1 vote by Stephen Valenta

Hey, not all accountants are stuck on QuickBooks! I support clients using FreshBooks, Harvest, Saasu and Xero. It depends on your needs. Xero is a better choice than QB Online for online accounting IMHO.

Comment • Post • Thank • Oct 11, 2011

Brett Duzita

1 vote by Stephen Valenta

If you're an accountant or have an accounting department they would prefer that you use Quickbooks or similar cause ur not going to make number crunchers switch to anything else other than what's been entrenched. At http://magnumcreative.ca we favor freshbooks simply because it handles invoices and project time tracking in one service but it definitely isn't an accounting level app and all its data will get exported for the accountants from that. Also tried Blinksale and Harvest...would recommend Freshbooks over all but have been looking at http://kashoo.com as an alternative...down side to small startups is that the more features u adopt or buy into the more time u spend in the app...at some point it makes sense to just let an accountant who handles small business needs take care of the books for you

Comment • Post • Thank • Jan 31, 2011

Amy Grant

I've been doing a bit of research on this topic as well. I was looking for a solution that would combine our accounting software with a project management tool. I decided on Workamajig. We are currently in implementation mode so I can't provide a real assessment as of yet, but would at least put it out there if others want to consider.

Best of luck!

Comment • Post • Thank • Mar 2, 2011

Dave Long

I'd like to take the opportunity to introduce SimplyFi - http://www.geminiplatform.com/si... - our Invoicing & Cost Tracking add-on for Gemini Project Management Platform. We're in the final stages of testing for Version 1.3 which should be out in around 2 to 3 weeks time and will include Automated Time & Expense billing (based on Time Logs in Gemini, and Captured Expenses in SimplyFi) as well as Quickbooks integration. Our aim with SimplyFi is to provide a simple, yet powerful & flexible solution to meet often complex billing needs of service based businesses. Please take a look at our solution, any feedback or suggestions will be greatly appreciated.

Comment • Post • Thank • Oct 12, 2011

Jonathan Schwartz, Agency Owner & Media Advisor

I've been using Freshbooks since we started Bullseye Strategy but there are certain deficiencies as our agency business has grown that I can no longer ignore. No check registry, subpar integration with financial institutions, and inability to email invoices via pdf are among the reasons we are switching. And, yes, our accountants like Quickbooks which will ultimately make our lives that much easier.

Comment • Post • Thank • May 24, 2012

Manish Chauhan, AM-eMarketing, Invoicera

I would like you to give Invoicera.com a try, its basic plan starts from $9.95 and you can send unlimited invoices to 25 clients. It supports 20 popular payment gateways so you have more options to get paid on time. It also supports multiple currency and languages so you do not need to worry while sending invoices to your global clients. the most appealing feature of Invoicera is its customize invoice template feature where you can customize the look and feel of your invoice template and design it in the sync with your business look. Some other features that might be helpful to you are invoice scheduling, late fee option, time tracking and expense management.Suggest Edits

Liza Welch, Technology Expert

You can try hosted QuickBooks accounting software. QuickBooks has been developed for satisfying the accounting needs of small and medium size businesses. QuickBooks software is very simple to use. QuickBooks application program has become the leading financial software in the accounting software market for small size businesses. QuickBooks comes in various versions; you can choose the version that suits you the most. My company is using hosted QuickBooks as it offers more advantages when compared to locally installed QuickBooks. We are currently taking services from an experienced cloud computing and application hosting company for getting QuickBooks hosted. We are satisfied with QuickBooks hosting service. With Quickbooks Hosting, you get fast and remote accessibility to QuickBooks via Internet. You and your authorized employees can have simultaneous access to the QuickBooks at anytime and from anywhere via Internet. You get live 24x7 technical support along with robust data backup and full security for your data. You get many other benefits.
For more information, visit this link - http://www.myrealdata.com/quickb...Suggest Edits

accounintg considerations

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 19:24:00 +0000

Our company (www.accountsiq.com) provides a really
feature-rich cloud accounting product that scales with clients as they grow.

It's great if you need extras like Sales & Purchase
Ordering Processing, Inventory Management, Budgeting, Cashflow Forecasting and
Group Data Consolidation. Because it's online it's a cinch integrating with
other products like Salesforce.

To give you an idea of where accountsIQ is
targeted, it would be more suited to the larger SME clients that need
functionality above other products like Xero and Freeagent.

I guess our real sweet spot is in multiple entity
businesses where multiple individual entities need access to a common platform
(like Accountants, Franchises and Groups) where they can share information
and see one version of the truth in terms of their accounting data.

You can sign up for a trial here http://www.accountsiq.com
------------------------------------------------------------------------

Sabari Devadoss, Product Manager @ Intuit, Inc working...

1 vote by John Kinsella

It really depends on your business needs. Quickbooks Online has a comprehensive feature set to meet your business needs. It also has integration to Payroll, Merchant Accounts and GoPayment mobile payments solutions. We have a very diverse user base that traverses across sole proprietorships to fairly large businesses. You wouldn't need to worry about your accounting software scaling as your business grows. I am not sure if competitors to Quickbooks Online can say that.

My take is that there are plenty of free trials out there for most of these products. Give them all a whirl and see what is the most comfortable for you and your business. Forget the marketing fluff and do your due diligence.

---------------------------------

More Alternatives to Quickbooks

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 19:05:00 +0000

www.indinero.com

www.waveaccounting.com

www.lessaccounting.com

www.xero.com

www.freeagent.com

www.clearbooks.co.uk

www.workingpoint.com

www.outright.com

www.freshbooks.com

www.kashoo.com

Diego Dacal, I work for GetApp.com and I can help ...

1 vote by Stephen Valenta

Definitely Xero (http://www.getapp.com/xero-appli...) is one of the leaders of this segment. But I recommend you also take a look at:

Zoho Books (http://www.getapp.com/zoho-books...)

FinancialForce (http://www.getapp.com/financialf...)

You can find more alternatives at our listing for accounting applications (http://www.getapp.com/accounting...) in GetApp.com.Suggest Edits

Accounting Choices

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 18:39:00 +0000

Stephen Valenta, 8tracks Reporting Manager

6 votes by Mark Burton, Catherine Walker, Jeremy Horneck, (more)

I've spent about 10 hours so far this week looking at around 20 different cloud accounting services. I've read most of the related Quora forums and some other online reviews. My tentative conclusion is that Xero.com will the best for our startup, which has about 10 employees.

[For the asker, it looks like Xero does not support Paychex right now, but it has more add-ons than its competitors.]

LessAccounting.com, WaveAccounting.com, and Kashoo.com are also cool-looking double-entry accounting sites. They seem just a step below Xero and QBO on sophistication, but simplicity can also be a pro. Those are the ones I'll be comparing Xero with.

Sites like InDinero.com and Outright.com, which function like Mint.com, might be cool for freelancers, but they don't have true double-entry accounting, so no-go for most startups.

Expensive ($400+/month) and complex services like IntAcct.com or FinancialForce.com probably aren't needed until you're a big (50+/100+ people?) company.

Other sites I looked at include:
- Bill.com
- MarketCircle.com
- Harvest (getharvest.com)
- Expensify.com
- Freshbooks.com
- Shoeboxed.com
- Invoicera.com
- FreeAgent.com
- WorkingPoint.com
- Zoho.com
- Saasu.com
- NetSuite.com

DIY Payroll

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 18:05:00 +0000

Business Owner QuickBooks Payroll Tools, Training, Service, and Support
If you choose to perform your payroll yourself with QuickBooks, we provide you the QuickBooks payroll tools, training, service, and support you need to perform your payroll accurately and productively.
Payroll Development Program
Our Payroll Development Program is for small business owners who want to learn how to accurately and productively perform payroll with QuickBooks payroll software.
Objective
S&Y's Payroll Development Program is for small business owners who want to learn how to accurately and productively perform payroll with QuickBooks.
How the Program Works

We provide, host, and setup your QuickBooks enhanced payroll software.
We provide you payroll training.
We review your QuickBooks payroll file each month and provide review points such as errors, omissions, and tips.
You "clear" the review points.
We make payroll adjustments.
We prepare the payroll tax returns and reports.

We provide you the following QuickBooks payroll tools, training, service, and support:

DIY Bookkeeping

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 18:02:00 +0000

Business Owner Bookkeeping and QuickBooks Tools, Training, Service, and Support
If you choose to perform your bookkeeping yourself with QuickBooks, we provide you the bookkeeping tools, training, service, and support you need to perform your bookkeeping accurately and productively.
Bookkeeper Development Program
Our Bookkeeper Development Program is for small business owners who want to learn how to accurately and productively perform bookkeeping with QuickBooks financial software.
Small businesses are more likely to succeed if they obtain timely, relevant, and reliable financial information. Timely, relevant, and reliable financial information helps owners make more informed decisions, increase their profit and cash flow, reduce income tax liabilities, and obtain financing.
Bookkeeping is vital to the success of producing timely, relevant, and reliable financial. However, many small business owners performing bookkeeping with QuickBooks have no or little bookkeeping and QuickBooks knowledge, skills, and experience.
Objective
S&Y's Bookkeeper Development Program is for small business owners who want to learn how to accurately and productively perform bookkeeping with QuickBooks.
How the Program Works

We provide, host, and setup your QuickBooks Pro 2010 software and data file.
We provide you bookkeeping training and certification (studies show that individuals with a basic bookkeeping and accounting knowledge use QuickBooks more accurately and productively).
We provide you QuickBooks training and certification.
We review your QuickBooks data file each month and provide review points such as errors, omissions, and tips.
You "clear" the review points.
We make account adjustments.
We prepare the financial statements and reports.

We provide you the following bookkeeping and QuickBooks tools, training, service, and support:

Non-Profit Organizations

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:56:00 +0000

We can help you setup and maintain your non-profit organization's tax-exempt status by handling all the IRS reporting for you.
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its relations, which includes the following items.

Income Statement with very specific revenue and expense categories like donations, salaries, postage, rent...
Balance Sheet with specific categories like cash, accounts receivable, accounts payable...
Functional Expense Statement with all the expenses allocated to either program services, fundraising, or operations.
Individual Program Expense Statement that reports all of the expenses for each program or service like seminar programs or educational mailings.
Revenue Support Schedules that detail the organization's sources of income in specific categories like charitable donations, membership fees, investment income.

The IRS uses these very specific revenue and expense classifications to determine if your organization will retain its tax-exempt status. So it's imperative that you build your accounting system around these revenue and expense classifications.
Here's what we do for you...

Review and compile your financial statements
Design, install, and maintain your Accounting System
Weekly, bi-weekly, or monthly payroll preparation
Payroll Tax Preparation and Deposits
Provide training for your accounting personnel
Complete and file your non-profit status application
Provide training for your board on non-profit financial statement usage and effective budgeting practices
Prepare and file the 990 and 990T tax forms
Prepare your initial start-up documentation, including incorporation, federal employee identification number (FEIN), and payroll setup with federal and state agencies.
Churches: We prepare the pastoral housing allowance and other required benefit documentation to meet the complex dual status of ministers.

If you're starting a new not-for-profit organization we can help you prepare your organization's 501 (c)(3) application for tax-exempt status.
Here's what's needed...

Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test").
Employer Identification Number
By-laws of the Organization
Minutes of Board Meetings
Names, Addresses, and Resumes of Board Members
Names and addresses of all Active Members
Inventory of Assets like cash, furniture, equipment, property, pledges...
Inventory of Liabilities like mortgages, accounts payable, loans...
Rent/Lease Agreements and Contracts
Revenue and Expense Statements for the last four years or as far back as possible if your organization has been in existence for less than four years.
Written Reason for Formation and History of the organization.
Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations.
Organization Activities, Operations and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets...
Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers...
Fund Raising Program Descriptions
IRS Processing/Filing Fee

We are happy to prepare any of these items if you need help.

Let us help you setup and/or maintain your non-profit tax-exempt status by requesting a Free Consultation below.

New Business Formation

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:55:00 +0000

Thinking of owning your own business?
Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.

We help you...

Prepare an initial business plan to clarify your marketing, management, and financial plans.
Determine your start-up capital needs.
Identify sources of start-up capital and backup sources if needed.
Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
Select the right accounting software by evaluating your budget, needs and hardware.
Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
Establish billing and collection procedures to maximize your cash flow.
Establish procedures to monitor and control costs.
Setup a home office so you can maximize your tax deductions.
Prepare and file all required state and local licenses and permits.
Prepare and file your application for your Federal Employer Identification Number.
Provide payroll and payroll tax filing when you bring on your first employee.
Comply with employment laws so you don't get hit with fines and unhappy employees.
Identify your business insurance needs.
Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.

Let us help you succeed by getting your new business off to a good strong start.

Let us help you succeed by getting your new business off to a good strong start. Please complete the form below to learn more about our New Business Formation Services.

Succession Planning

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:55:00 +0000

If you own a family business, retirement isn't simply a matter of deciding not to go into the office anymore. You've got some critical questions to answer like...

"What happens to the business when you're no longer running it?" and
"Will you have enough money to retire?"

The family dynamic complicates the whole transition because of the relationships and emotions involved. Most people are not comfortable discussing topics such as aging, death, and financial affairs.
Comfortable or not, succession planning should be a priority for any family business considering that more than seven out of ten family-owned businesses fail to survive the transition from founder to second generation, typically falling prey either to estate taxes or family discord - or both.
Developing and implementing a well-designed succession plan is essential to the survival of a family business from one generation to the next.

We help you with these key issues -

Keeping it in the family. Are you going to pass the business on to your family or sell it to a third party? We help you weigh the advantages and disadvantages of each of these options.
Who's going to run the business when you're gone? Management and ownership are not one and the same. You may decide to transfer management of your business to just one of your children but transfer equal shares of business ownership to all your children, whether they're actively involved in the business or not.
Minimizing the tax bite. The tax burden when transitioning a family business can be significant. The challenge is that a family business is not generally a liquid asset, but taxes are typically due when ownership is transferred.
Making it fair. Transferring family ownership often adds a tremendous amount of stress to individual family members. We talk with each of the family members to ensure that they feel they a getting an equitable and fair share of the pie.

What we do for you...
Once we understand how you feel about the key issues above, we begin constructing your succession plan focusing on these 5 issues...

Business Valuation
Business Restructuring
Tax Consequences
Retirement Projections
Tax Projections

Let us help you pass on what's taken a lifetime to build by requesting a Free Consultation below.

Business Planning

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:54:00 +0000

A Strategic Business Plan is much more than a tool to obtain financing. If you still have all you plans and ideas locked up inside your head... preparing a strategic plan helps you clarify your company's direction, ensures your key leaders are all "on the same page", and keeps both management and staff focused on the tasks at hand.

A Strategic Plan is often needed when...

Starting a new venture, product or service
Expanding a current organization, product or service
Buying a new business, product or service
Turning around a declining business

The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
The plan allows you to...

Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
Justify that your plans are credible by fully researching the need being filled with your new venture.
Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.
Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.
Develop management plans including full descriptions of management systems and timelines for implementation.
Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.
Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company's success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
Identify building and equipment needs including vendors and cost estimates.
Formulate company milestones including timelines for upcoming products and services in development.

Remember: Failing to plan is planning to fail.Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.

Bank Financing

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:53:00 +0000

Need money to grow your business?
Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! Therefore, it pays to be prepared and organized in your approach for financing.
Put your best foot forward by allowing us to prepare a winning loan proposal for you. Our proposals have a high likelihood of success because they're created from the lender's perspective.
You get the money you need because we know exactly what banks want to see. Even more importantly, we know how to prove to them that you'll be able to pay them back.

Our winning loan proposals come complete with...

Executive Summary: Where we concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed.
Pro-forma Cash Budgets and Financial Statements: We use your data and underlying assumptions to prepare information that your banker can easily read and buy in to.
Owners Personal Financial Statements: We make copies of the last 3 years of personal tax returns for the bank as well as identify the collateral being pledged as security for the loan.
Representation: We help substantiate your financial needs/position to your banker in person.

Cash Flow Management

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:52:00 +0000

A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out.
A cash crisis can be emotionally devastating and it can even kill your business. If you've ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.

Our cash management service allows you to...

know when, where, and how your cash needs will occur.
know what the best sources are for meeting your additional cash needs.
be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.
We also prepare historical cash flow statements to help you gain an understanding about where all the money went.
Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...

Help obtaining an appropriate line of credit
Cash collection acceleration techniques
Proven effective collection policies
Proven effective payment policies
Help obtaining the maximum rate of return on your idle cash

Audits - Reviews - Compilations

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:51:00 +0000

Stockholders, creditors, and private investors often need assurance that the financial statements accurately represent the true financial position of a company.
Your stockholders, creditors, or private investors have different levels of risk tolerance, so we provide three levels of assurance to meet your needs.

Audit - Highest Level of Assurance

An audit provides the highest level of assurance. An audit is a methodical review and objective examination of the financial statements, including the verification of specific information as determined by the auditor or as established by general practice.
Our work includes a review of internal controls, testing of selected transactions, and communication with third parties. Based on our findings, we issue a report on whether the financial statements are fairly stated and free of material misstatements.
An Audit allows you to...

Satisfy stakeholders such as employees, customers, suppliers and pressure groups, as well as the investing community, as to the credibility of published information.
Facilitate the payment of corporate tax, goods and services tax, and other taxes on-time and accurately, thereby avoiding interest, penalties, and investigations.
Comply with banking covenants.
Help deter and detect material fraud and error.
Facilitate the purchase and sale of businesses.

Here's what you get...
You get the highest level of assurance because we go outside your company to obtain more information. Typically, we'll have written communication with:

Your customers, to check outstanding receivable balances,
Your banks, to confirm cash or debt balances and terms,
Your vendors, to verify outstanding payable balances, and
Your attorneys, for information on pending or threatened legal action.

We also perform physical inspections by observing your inventory counting methods and perform test counts. We document and test each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll. Our audit papers include a detailed work program to document the examinations and testing performed, as well as the client's supporting work papers.
Audits Not Just for Public Entities
All public companies are required to have an annual audit, but some nonpublic entities must undergo an annual audit as well. These include local governments, not-for-profit agencies and other organizations receiving government grants.
Moreover, some financial institutions require audits of nonpublic companies based on the financing amount and/or the bank's assessment of the company's risk. Also, companies with absentee ownership (such as those owned by investment firms, or individuals who no longer run the business) may order audits as checks of their management teams.

Review - Limited Assurance

Less extensive than an audit, but more involved than a compilation, a review engagement consists primarily of analytical procedures we apply to the financial statements, and various inquiries we make of your company's management team. If the financial statements or supporting information appear inconsistent or otherwise questionable, we may need to perform additional procedures.
A review doesn't require us to study and evaluate your company's internal controls or verify data with third parties or physically inspect assets. Rather, a review report expresses limited assurance in the form of the statement: "We are not aware of any material modifications" for the financial statements to be in conformity with the Generally Accepted Accounting Principles (GAAP). Reviewed financial statements must include all required footnotes and other disclosures.
Why might a business request a review engagement? It can be a good middle ground, providing the advantages of a CPA's technical expertise without the work and expense of an audit.

Compilation - Lowest Level of Assurance

In compiling financial statements for a client, we present information that is the "representation of management" and expresses no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
Banks often require compilations from an independent CPA as part of their lending covenants.
Which Report Should You Use?
Each type of financial statement report may suit specific circumstances, depending on requirements from your client's bank or other parties, as well as meet budgetary needs.
Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.

Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you or complete the form below for a Free Consultation.

On Demand CFO Services

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:51:00 +0000

Growing businesses often reach a point where they need professional financial advice, but can't afford a full-time CFO or controller.
If you're fortunate enough to be in this position then we have the perfect solution for you. Our Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
The cost of hiring a full-time CFO can range from $60,000 to over $100,000 per year plus bonuses and benefits. Our Part-Time CFO services provides you with experienced support at a small fraction of that cost.
Here's what you get with our Part-Time CFO services...

More time to focus on new services, new customers and other core business issues.
Better understanding of the financial side of your business. So you have less surprises and more control over the money.
Improved decision-making capabilities from clearly seeing the hard and true numbers of your business.
A readily available sounding board to help you with those tough business decisions and help you clarify your business plans.
The comfort from knowing that a professional is overseeing, protecting and constantly improving the financial side of your business.
A professional who establishes strong financial controls in your business to reduce employee theft and increase profits.
Training and managing your accounting staff.
Improved quality and timeliness of financial information.
Budget preparation and monitoring.
Profitability analysis by service or product line.
Tax saving strategies.
Trend analysis.
Assistance in defining long-range plans and the quantification of goals.
Cash management.
Liaison with bankers, attorneys, vendors, insurance agents, etc.
Assistance in obtaining financing from banks, including assistance with negotiations.
Review/negotiation of insurance policies.
Development of company accounting procedure manuals.
Analysis of equipment purchases, expansions, etc.
Mergers and acquisitions assistance
Custom designed collection policies and procedures

Payroll Services

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:50:00 +0000

When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner.
Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers.
We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.

Why Outsource Your Payroll...

It's Cost Effective
Use your staff more efficiently by letting us handle payroll and the associated legal details. Reduce overhead by removing the need to hire specialized employees.
It's a Time Saver
Our payroll service eliminates the burden of customizing, updating and maintaining your own payroll system--no more data entry, no more researching updates or new laws, no more worries.
Worry Free Payroll Tax Filing
Eliminate the risks of calculating and filing your own payroll taxes by having professionals do it for you. Federal, state and local payroll tax laws are frequently changing and becoming more complex. How much time do you want to spend learning all the rules and keeping your information up to date?
Allows You To Focus On Core Competencies
Our professional staff allow you to focus on the core competencies of your business. We are accounting professionals--you get the experts working for you and with you.
Comprehensive Reports
You get a wide variety of user-friendly and accurate payroll reports. For a nominal fee, we will include union reports, certified payroll, workers' compensation reports and much more.

Get the Payroll Solution That Best Fits Your Needs.
We know that when it comes to payroll service - no one size fits all. That's why we offer the following 3 custom payroll processing options.
1. Comprehensive Payroll Services
Our Comprehensive Payroll Service takes care of all of the payroll processing for you, so that you won't have to. You get...

Your payroll checks prepared and printed on-time, every-time.
All of your payroll checks are laser printed on "blank" check stock to ensure maximum security and meet the micro encoding standards as set forth by the Federal Reserve System.
Free Direct Deposits
Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
Detailed reports on your employee's vacation, sick days, and personal days accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape.

2. After-the-Fact-Payroll Services
We will take your manually-prepared payroll records and other payroll information and post this information to our data files, so you get...

Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
Detailed reports on your employee's vacation, sick days, and personal days accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape.

3. Online Payroll Processing
You can enter your employee's hours and earnings securely online and get...

The ability to instantly print payroll checks on your own printer.
Free Direct Deposits
Worry Free IRS and State tax reporting as well as EFTPS tax deposits.
User friendly, and easy to understand monthly, quarterly, and annual payroll tax reports, including W-2, W-3 and 1099 forms.
Detailed reports on your employee's vacation, sick days, and personal days accruals.
Creation and filing of the required new hire reports
Your payroll records maintained in tip top shape.

Custom Payroll Reports Service
There seems to be an endless amount of special reports Government agencies require. We can prepare the following reports for you.

Worker's Compensation Audits
Unemployment Claims
Social Security Audits
Child Support Audits
W-2 and W-3 processing
1099 and 1096 processing
Preparation/assistance with Federal and State registration forms

How much do we charge?
In order to give you an accurate price for our payroll services we need to know a little more about your business and what services you're interested in. Our prices are very affordable.

Small Business Accounting

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:48:00 +0000

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!
Each month or quarter we'll do the following things for you...

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...

Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income StatementAn income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...

Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.

Balance Sheet
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...

Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
Determine if you need to take immediate steps to bolster cash reserves?
Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Unlimited Consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.

Tax Planning

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:46:00 +0000

Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.

We recommend Tax Saving Strategies that help you...

grow and preserve assets by keeping Uncle Sam out of your pockets.
defer income so you can keep your money now and pay less taxes later.
reduce taxes on your income so you keep more of what you make.
reduce taxes on your estate so your family keeps more of what you've made.
reduce taxes on your gifts so you can give more.
reduce taxes on your investments so you can grow your wealth faster.
reduce taxes on your retirement distributions so you can retire in style.

Here's just a few of the Tax Saving Strategies we use...

Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.

Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.

Tax Preparation

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:46:00 +0000

Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office last year, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there's no substitute for the assistance of an experienced tax professional.
Here's what you get...

Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
Your tax return can be filed electronically so you will get a refund back quicker.
Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year's tax liability.

Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We'll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we'll help you set up an easy system that allows you to keep your books in tip-top shape next year.

Online Invoicing

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:42:00 +0000

When it comes to get paid, or at least to efficiently issue and send invoices, there are a plethora of Web services available. The most notable is Freshbooks, a pioneer of the Web 2.0 era, which allows for efficient time tracking, billing, quoting, and more.
Intuit has its own offering tightly integrated with Quickbooks online called Billing Manager, while Zoho Invoices comes as part of the Zoho online productivity suite.
A roster of other minor offerings fill various professional niches and differentiate on price and unique features, including: Free Agent, Simply Invoices, Invoice Place and Billing Orchard.
The Web is opening the doors to scores of new software developers every day, reducing the costs to develop new products and services, creating competitive opportunities for better, less expensive products. Online financial software is just now entering the realm of full acceptance among small businesses. Expect an explosion of new, more tailored applications from large players such as Google and Microsoft as well as upstart companies. New products will surface on the horizon in the next couple of years offering true integration with banking, invoicing, billing, and all the other financial services that small businesses use every day, together with more robust ways to analyze performance, giving way to a new generation of well managed and more robust small enterprises.

Online Bill Payment

noreply@blogger.com (Anonymous) — Fri, 06 Jul 2012 17:42:00 +0000

If you think for a moment about what it is truly involved in paying your business bills using the traditional checkbook and snail mail, it is not difficult to imagine that there must be a better way to do it. Well, there is, and it is called “online bill payment.” While banks have offered similar services for quite a while as part of their online banking offerings, there are independent services that go well beyond the electronic check, and make the process of receiving, screening, tracking, and paying bills extremely efficient.
Both Paytrust — owned by Intuit — and CheckFree can receive bills on your behalf, scan them, make them available to you in digital format via a secure Web interface, and allow you to pay them with a click of the mouse, issuing an electronic check or an EFT order. This approach can be adopted for all vendors and all invoices, and cuts the average time needed to process a bill by more than 50 percent — in my experience — and greatly simplifies the record keeping aspect, eliminating paperwork.

LeverageCPA.com

Business Consulting Services

Devising the Proper Business Plan

Consulting an Expert

Creating the Growth Plan

Mold Your Business's Future

Selling your Business in Parts Rather Than a Whole

Comprehensive Business Valuation

Meet Your Financial Goals

Professional Tax Services

Transparency and Dependability

Professional Accounting Services

Full Service Accounting Firm

Auditing and Assurance Services

What is the best online solution to accept payments, do book keeping and invoice the customer?

6 Answers • Create Answer Wiki

What accounting/invoice service is better for startups, e.g., Freshbooks, Quickbooks, Shoeboxed, Expensify?

accounintg considerations

More Alternatives to Quickbooks

Accounting Choices

DIY Payroll

DIY Bookkeeping

Non-Profit Organizations

New Business Formation

Succession Planning

Business Planning

Bank Financing

Cash Flow Management

Audits - Reviews - Compilations

Audit - Highest Level of Assurance

Review - Limited Assurance

Compilation - Lowest Level of Assurance

On Demand CFO Services

Payroll Services

Small Business Accounting

Tax Planning

Tax Preparation

Online Invoicing

Online Bill Payment