Bookkeeping Services
Bookkeeping is the process of consistently and accurately tracking and recording a business’s financial transactions. Depending on the size of the business and the amount of regular activity, these tasks can be incredibly time-consuming. Since your business must be financially healthy in order to thrive, accuracy and attention-to-detail are paramount.
At Beautiful Day Bookkeeping, we make your business books our priority. We work with you to put the most efficient and consistent processes in place to track, record, and report your transactions. Reliable, honest, and accurate bookkeeping are the cornerstones of our business philosophy and we work hard to earn your trust. We offer a range of services to accommodate your specific bookkeeping needs. Learn more about each one below and book a consultation with us today to get started!
One-Time Bookkeeping Services
Our One-Time Bookkeeping Services are perfect for business owners who manage their own finances. We provide a little extra support when you need to get things set-up or back on track.
Bookkeeping Cleanup
When you’re focused on doing business, keeping your books up-to-date is sometimes the last thing on your mind. This can cause problems with accuracy in your financial reports and even make tax preparation difficult, especially if an extended period of time has passed since your records were updated.
Our Bookkeeping Clean-Up service is here to help! This one-time service sets your books up to thrive by:
- identifying errors
- correctly classifying transactions
- entering missing data
- reconciling bank, credit card, and loan accounts
- generating updated financial reports
You will gain peace of mind and a fresh start knowing your books are accurate, organized, and compliant with accounting best practices.
Bookkeeping Catch-Up
When you’ve had a busy season or haven’t been able to give your books the attention that they deserve, it’s easy for records to get messy and disorganized. Rather than get overwhelmed with data entry, let our Bookkeeping Catch-Up service come to the rescue!
We get you back on track by:
- entering missed transactions
- reconciling bank, credit card, and loan accounts
- updating financial reports
Getting your books back up-to-date keeps your financial processes running smoothly and prevents delays in reporting, filing, and planning.
Bookkeeping Account Set-Up
If you are a new business or are overhauling your current financial practices, it can be difficult to figure out the best bookkeeping systems and processes to manage your finances. Getting set up with strong bookkeeping procedures keeps your business rooted in financial success.
Our Account Setup:
- structures your chart of accounts specific to your business
- integrates your bookkeeping software with your financial institution
- sets up automatic transaction tracking
- configures billing procedures
Properly setting up your financial processes gives your business a solid financial foundation and sets you up for long-term growth and success.
Monthly Bookkeeping Services
Bookkeeping requires a lot of time and maintenance. Most businesses know they need to keep accurate financial records but lack the resources to give them the attention they require.
Our Monthly Bookkeeping Services take the stress out of this process and let you focus on providing the products or services your customers need. We keep our finger on the financial pulse of your business, gain insight into financial trends, and provide accurate feedback on what is working and what is not. Ideal for businesses who have outgrown the ability to manage their own finances or those who are ready to outsource their bookkeeping, our monthly bookkeeping provides:
Chart of Accounts
Management
The chart of accounts is foundational to your bookkeeping processes. It enables precise categorization, tracking, and analysis of your business transactions. When properly set up, maintained, and utilized, it generates reports that provide the complete record of your financial health.
We help you manage your existing structure, optimize it when necessary, and ensure all transactions are entered appropriately.
Bank Account, Credit Card, &
Loan Reconciliation
All recorded transactions must match your account statements to ensure your money is going exactly where you expect.
We monitor your bank, credit card, and loan transactions with consistency and accuracy, and reconcile discrepancies in a timely manner.
Expense Tracking, Categorization, & Reporting
Knowing where your money is being spent is crucial for business operations and budgeting.
Through judicious data entry, we help track all your business expenses and properly categorize all transactions. Regular reporting provides insightful overviews that allow you to identify spending habits, budget discrepancies, and help you discover cost-saving opportunities.
If you are looking for more in-depth analysis of your expenses and financial picture as a whole, check out our Fractional CFO services!
Accounts Receivable
Tracking
Businesses need good processes for managing outstanding invoices, payments, and past-due balances in order to maintain positive cash flow. Understanding customer behavior and payment trends can go a long way to preventing the need for debt collection and, ultimately, loss. It can be easy for past-due balances to slip through the cracks and hard to know when a billing process may need an overhaul.
We help you track your accounts receivable activity by:
- setting up invoice and payment tracking processes
- generating reports that track key metrics such as percentage of high-risk accounts, payment aging, and more
- giving insight into payment trends and customer and vendor behavior
- identifying areas within existing billing processes that need improvement
As we help optimize your accounts receivable processes, your business will experience improved cash flow, more timely customer payments, and minimize loss.
Consistent Financial Statement Preparation & Reporting
Financial statements and reports give you important insight into your business’s full financial landscape. We will generate and prepare financial statements and reports on a monthly, quarterly, and annual basis so you can make the best budgeting, spending, and sales decisions for your business. We create reports such as:
- Income and Sales
- Retained Earnings
- Balance Sheet
- Profit & Loss
- Cash Flow History
- Aging Reports
- Receivables by Customer
- History of Payments
- Credit Memo
- COGS (Cost of Goods Sold)
- Expenses by Category, Customer, or Employee
- and more!
Tax Preparation
Support
Tracking and meeting the litany of tax deadlines is a main source of stress for many businesses. While we don’t submit taxes for you, we DO take the worry out of the process by ensuring all the documentation and reporting your tax preparer needs are accurate and up-to-date.
You will be able to confidently submit your information on time and avoid unnecessary deadline extensions and other tax-time headaches
Accounts Payable
& Payroll Processing
Advising
Managing accounts payable and payroll can be incredibly complex. We analyze your current systems and consult with you regarding the best possible solutions for these services.