Top Rated Bookkeeping Services for Small Businesses in the United States
Our Bookkeeping Expertise, Customized to Fit Your Business Needs.
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Our Awards
Benefits of Outsourcing Bookkeeping Services for Small Business Owners
The significance of utilizing bookkeeping services for small business is undeniable. If you wish to reap all the advantages without having to handle it yourself, there’s a solution: outsourcing your bookkeeping tasks! Whether you want to reduce expenses, improve time management, or access professional expertise, outsourcing can be an effective option.
What Makes Avenues Financial Different?
As business owners, we understand the significance of bookkeeping services for small businesses and the vital step in selecting a bookkeeper that suits your business’s specific needs. A “one size fits all” approach may not be suitable for this context, just like in clothing. Each business has unique requirements when it comes to bookkeeping.
Customized Bookkeeping Services
At Avenues Financial, we understand that every business has unique financial needs. A one-size-fits-all approach just doesn’t cut it in bookkeeping. But don’t worry, we’ve got you covered. As the leading online bookkeeping service, we offer personalized solutions tailored to your company’s specific requirements. Our bookkeeping services range from recording transactions to preparing income statements and balance sheets and even preparing custom financial reports. With us, your financial management is in good hands.
Budget-Friendly Options
At Avenues Financial, we believe in balancing top-notch bookkeeping with affordability. We understand that having a dedicated bookkeeping team is essential, but it shouldn’t break the bank. We keep our prices competitive by adopting smart strategies like cutting unnecessary overheads. Plus, we offer customized pricing plans to fit your specific needs, ensuring you get all the necessary features without straining your budget. With us, you get efficient financial management that’s both effective and economical.
Time Efficiency
Imagine having additional time to devote to your strengths and managing your business. With the delegation of bookkeeping responsibilities, you can gain considerable free time each week that may be redirected towards other crucial matters within the company. Outsourcing greatly improves overall business effectiveness by allowing internal employees to shift their focus away from bookkeeping and onto more impactful tasks aligned with strategic objectives and optimizing operational processes.
Access to Accounting Experts
“We understand that for those not well-versed in finance, managing financial matters can seem overwhelming. That’s why our outsourced bookkeeping services are so valuable. You benefit from the expertise of certified professionals, gaining access to accurate and trustworthy financial information.
Our team is thoroughly knowledgeable in current (GAP) accounting standards and regulations, ensuring compliance and reducing errors. This enhances the precision of your financial data, instilling confidence in the reliability of your company’s monetary records.”
Accounting Software Experts
“The modern era of technology has greatly impacted businesses, with bookkeeping being no exception. The incorporation of accounting software into bookkeeping services has proven to be highly beneficial in managing financial aspects efficiently and effectively. This integration enables a smooth transfer of data and provides real-time updates on the company’s finances.
Avenues Financial has a wealth of experience in many accounting software solutions, including Quickbooks, Xero, Freshbooks, Zoho, Oracle Netsuite, Oracle Peoplesoft, Sage Intacct, and many more. In addition, we can provide software migration services to help you move from one accounting software to another based on your business needs.”
Join us, and let’s achieve financial clarity and success together!
Beyond Just Bookkeeping Services for Small Businesses
The critical role of timely, accurate, and relevant financial information is key to successful business management. It’s not just about keeping your books in order; it’s about unlocking the full potential of your business and steering it towards your goals. When you partner with Avenues Financial, you’re not just getting a bookkeeping service; you’re gaining a strategic ally, and we can provide additional services to meet your needs.
Our expertise ensures that every financial transaction is meticulously handled, providing you with the insights you need to make informed decisions. This partnership is more than just managing numbers; it’s about empowering your business journey, fueling growth, and helping you reach new heights.
Accounting Services
Accountants play a pivotal role in synthesizing various financial indicators into comprehensive reports and insights. This synthesis is crucial for businesses to discern profit-making areas and identify those in need of enhancement. While in smaller businesses, accountants might overlap with bookkeeping roles, their expertise generally extends beyond due to their higher educational background and experience, often supported by a four-year college degree.
The core responsibility of an accountant lies in the meticulous preparation and review of financial records. Their tasks span analyzing financial data, scrutinizing finance reports, overseeing budgets, processing tax returns, and examining accounting records. More than just number crunchers, accountants provide valuable insights to management, offering recommendations for greater financial efficiency and stability based on their analyses.
Controller Services
Integrating an accounting controller into a business structure marks a significant advancement in financial management. This role brings a heightened level of control and expertise, which is particularly beneficial for growing companies that are evolving beyond basic systems. A proficient controller doesn’t just keep an eye on costs; they’re an investment in themselves, adept at managing cash flow and maintaining a tight rein on operational expenses.
While small, family-run businesses may not require such a role, most small to medium-sized businesses (SMBs) will find immense value in having a controller steering their financial ship. The scope of a controller’s work goes far beyond mere record-keeping. They are instrumental in implementing effective accounting strategies, particularly in managing cash flow and controlling overall operational costs.
Fractional CFO Services
A fractional CFO holds a vital role in steering a company’s financial direction under the guidance of its owners or CEO. This position encompasses a broad range of responsibilities, including strategic planning, financial forecasting, performance measurement, and tracking both financial and operational progress. The expertise and value a CFO adds to a business’s leadership significantly surpass that of a bookkeeper, offering
a more strategic and tactical perspective.
Recognizing that many small and medium-sized businesses may not have the resources for a full-time CFO, partnering with Avenues Financial for a part-time CFO becomes an optimal solution. The crucial factor in this partnership is selecting a CFO who not only brings financial acumen but also serves as a trusted advisor. This professional should be capable of delivering insightful guidance across financial, operational, and business landscapes, tailoring their expertise to the unique needs and aspirations of the business.a more strategic and tactical perspective.
CPA Services
Certified Public Accountants (CPAs) hold the esteemed position of fiduciaries, bearing the legal responsibility and authority to act in their clients’ best interests. Their role extends far beyond mere number crunching; CPAs are professional advisors in the realm of finance. This credibility and trust are bolstered by the rigorous standards they must meet to both acquire and retain their licensure. CPAs play a critical role in guiding businesses through the complexities of expense management, investment strategies, and financial planning.
At our firm, our CPAs bring a diverse array of specialized skills to the table. They offer expertise in management accounting, delve into the intricacies of forensic accounting, provide insights through cost accounting, and tailor their approach to suit project-specific accounting needs. With such a wide spectrum of services, our CPAs are equipped to meet a variety of financial needs, ensuring that every aspect of your business’s financial health is carefully managed and optimized.
The Importance of Bookkeeping Services for Small Businesses
For a small business, operating without reliable bookkeeping services is like embarking on a journey without a map. While you may have an overall sense of direction, it’s easy to veer off course and encounter obstacles without precise guidance. Bookkeeping services for small business establishments act as financial navigators for your business, steering it toward success with well-informed decisions.
Accuracy and Compliance
Picture a scenario where your business is relying on inaccurate financial records to make decisions. This could be disastrous, which highlights the importance of accuracy in bookkeeping for small businesses. Precise and organized financial records, comprehensive statements, and tracking transactions are essential elements that help owners stay informed and maintain stability. Compliance with tax laws and reporting standards can protect your business from costly penalties.
Informed Decision-Making
Consider decision-making. Picture a tool that allows you to analyze past financial data, identify trends, and forecast future financial scenarios. Bookkeeping services for small businesses play this vital role for your business, providing a clear picture of your financial health, tracking cash flow, evaluating profitability, and fostering strategic planning for future growth.
Transaction Recording
The first step in bookkeeping involves the organized and comprehensive recording of transactions. This includes systematically documenting and summarizing all monetary activities, such as purchases, sales, and accruals, to establish clear and practical financial records. Precise transaction recording is essential for maintaining updated financial reports because these documents serve as the foundation for your analyses.
Account Reconciliation
The act of balancing a scale with varying weights on each end is comparable to the process of account reconciliation in bookkeeping. It involves comparing two sets of records to guarantee accuracy and consistency between them. Whether for verification purposes or financial planning assistance, this task holds great significance in bookkeeping.
Financial Reporting and Analysis
Concluding the bookkeeping process, reporting and analysis are crucial components. These tasks involve generating key financial reports such as Profit and Loss (P&L) statements, balance sheets, and cash flow statements that offer valuable insights into a company’s fiscal well-being. They aid in making informed decisions.
Our Bookkeeping Process
Discovery
Account Info & Access
Recording Transactions
Ledger Posting and Balancing
Trial Balance and Adjustments
Financial Statements Preparation
Closing the Books
Review and AnalysisDiscoveryDiscovery
Our bookkeeping service starts with our ‘Discovery’ phase, engaging each client to understand their business and goals. We discuss your business model, operations, challenges, and goals, delving into your industry and market position. This phase helps us align our professional bookkeeping services with your needs, aiming to support your business growth effectively.
Account Info & AccessAccount Info & Access
We then access and manage your financial accounts, emphasizing the need for accounting software like QuickBooks for accurate transaction tracking. This step involves collecting critical financial documents—invoices, receipts, tax returns, bank statements, and bank account credentials—to ensure a comprehensive view of your company’s financial health.
Recording TransactionsRecording Transactions
Accounting software (QuickBooks Online, FreshBooks, Xero, Sage) is crucial for efficient transaction recording. Our experienced bookkeepers categorize transactions and ensure every detail is auditable, applying the double-entry system for balancing accounts and integrating these systems with your financial accounts for streamlined record-keeping.
Ledger Posting and BalancingLedger Posting and Balancing
Posting journal entries to the general ledger and balancing accounts are key steps in any bookkeeping service. We ensure debits equal credits, correcting any discrepancies to maintain the integrity of your financials every month. This process lays the groundwork for accurate financial statement preparation.
Trial Balance and AdjustmentsTrial Balance and Adjustments
Preparing the trial balance checks the accuracy of ledger entries. We then adjust for any discrepancies, such as unrecorded transactions or accruals, ensuring the bookkeeping records accurately reflect your business’s financial activities.
Financial Statements PreparationFinancial Statements Preparation
We compile the financial data into the income statement, balance sheet, and cash flow statement. These documents offer insights into your business’s profitability, financial position, and liquidity, which are crucial for stakeholders to make informed decisions.
Closing the BooksClosing the Books
Closing the books involves resetting temporary accounts and transferring their balances to prepare for the new accounting period. This process ensures all financial activities are accounted for and properly documented, marking a clear end to the financial period.
Review and AnalysisReview and Analysis
Finally, we conduct a detailed examination of the financial statements to assess your business’s performance, using key financial indicators and ratios for strategic decision-making. This analysis provides actionable insights for future planning and growth opportunities.
Our Accountants Have Experience On These Platforms
3 Things That Makes Us Different
Most business owners don’t fully comprehend the financial issues in their business. Maybe some do, but a lot simply don’t have the knowledge to identify where they’re throwing away money or missing out on easy fixes. We understand that.
Financial Planning
When you become our client, we become focused on your success. Our team creates business growth services specially designed to deliver optimized results for your business. And as your business evolves and expands, we take the time to sit down and discuss alternatives that will make it stronger in the future.
Transparent Contracts
When you become our client, we become focused on your success. Our team creates business growth services specially designed to deliver optimized results for your business. And as your business evolves and expands, we take the time to sit down and discuss alternatives that will make it stronger in the future.
Valued Relationships
When you become our client, we become focused on your success. Our team creates business growth services specially designed to deliver optimized results for your business. And as your business evolves and expands, we take the time to sit down and discuss alternatives that will make it stronger in the future.
Our Clients
Trusted by Thousands of American Small Business Owners
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Financial Help Customized for Small Businesses.
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Bookkeeping Services Frequently Asked Questions
Do you provide tax services?
Yes, Avenues Financial offers tax consulting and strategy services tailored to the level of assistance you require. However, we typically do not handle the filing of business taxes. We also offer other services such as business advisory, M&A advisory services, payroll processing, accounts receivable, in addition to general bookkeeping.
What are the three types of bookkeeping?
The three types of bookkeeping are single-entry, double-entry, and computerized. The best method for your business is going depend on several factors including the size of your business, the number of transactions, and the skill of the individual handling the books. It is always advisable to seek the help of a professional bookkeeper or accountant to handle the financials of your business. Avenues Financial offers customized solutions to fit your business need and budget.
How much does a bookkeeper charge per hour?
Bookkeeper hourly rates can vary widely based on experience, expertise, and the specific services required. On average, bookkeepers charge between $30 to $90 per hour. For more specialized services or experienced professionals, rates may be higher. Keep in mind that CPAs typically charge $200 – $250 per hour. At Avenues Financial, we operate on a fixed monthly cost ensuring you can collaborate with your accountant without worrying about your cost increasing.
Is it worth paying a bookkeeper?
Yes, it is worth paying a bookkeeper because they can provide expertise in managing your finances, catch errors, and save you from potential tax and payment issues. Hiring a professional can greatly benefit your business.
Do you offer payroll services for small businesses?
In short, yes, we absolutely can provide payroll services for your small business depending on the accounting services you choose.
