A key element in starting and growing any business is bookkeeping. It is what differentiates a hobby from a business. The insight derived from bookkeeping and accounting helps business owners make profitable decisions in order to grow. Bookkeeping tasks involve the process of tracking your business assets, liabilities, income and expenses to help you make smart, informed business decisions. This is an ongoing process that should be performed at least monthly.
Whether you’re starting fresh or switching bookkeeping services, getting started is simple. Your dedicated finance expert is there from the beginning: they will get you onboarded, learn the ins-and-outs of your finances, and partner with you as your business grows.
At Avenues Financial, we do more than just bookkeeping for you. We are here to help you grow your business. Unlike other accounting firms, we don’t give our bookkeepers hundreds of clients to manage. This allows us to focus on your business and your growth.
When you hear the terms accounting system, cash flow, assets, liabilities, invoicing, and monthly financial statements, “complicated” is probably the first thing that comes to mind. And you’re right. These terms could somehow be intimidating especially for those who don’t have that much background in accounting or bookkeeping. With Avenues Financial we want to save you time and money while reducing errors.
Still, whether you have knowledge in bookkeeping or not won’t change the fact that as a business owner, it’s a must in running your business. Small businesses to big corporations, even for non-profit organizations- bookkeeping is very much needed.
You can hire a part-time bookkeeper but can you be sure that the records will be confidential and error-free? So what’s your best option? We’d say, opt for an outsourced bookkeeping service! Doing so will not only guarantee you confidentiality, but will also provide the expertise you need in handling your financial reports.
Basic Financial Statements
We will conduct an initial consultation to assess your accounting situation & plan accordingly
This is where we will connect your financial accounts to your bookkeeping software or accounting software such as QuickBooks, Xero and Freshbooks
Your assigned professional bookkeeper will then reconcile your account for accuracy
One of our accountants will review the books after the bookkeeper’s reconciliation to double check the figures
Lastly, we will now prepare your financial statements including the cash flow statement, balance sheet, and profit and loss statement
Let our team of experts handle the accounting and financial reporting so you can focus on what you love to do – growing your business.