949.391.3560 liz@books4purpose.com
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Each month or quarter we’ll do the following…

Bookkeeping Services

As a small business owner, or solopreneur you have more important things to do than to manage your own books.

My team and I will take care of your bookkeeping for you, so you can focus on running your business and doing what you love.

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, or 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 bank account each month allows for you to…

  • Identify if there are any missing checks and/or lost deposits.
  • Find and prevent excess bank charges ensuring your bank transactions are posted correctly.
  • Detect and prevent embezzlement or fraudulent activities within your company.

Manage your cash efficiently. Proper management of cash not only saves money, it makes money for your business.

 Income Statement

 

An income statement, also known as a profit and loss statement, basically totals all your revenues and subtracts 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 and/or under-budget.
  • Track spiked 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 for 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 too long, maybe you need to collect receivables more aggressively.
  • Determine if you need to take immediate steps to reinforce cash reserves.

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.

 Tax Services

 

Since taxes are mainly known as a pain we live with, we must have a hate/love connotation we referring to preparing and paying taxes.

Therefore, I prefer to take a proactive vs. reactive approach to tax services by providing our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year.

By keeping current on tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities.

As a business owner it is important that:

E

You understand your tax responsibilities

E

That taxes are paid in a timely manner to avoid penalties and burden to your cash flow

For individual taxpayers it is important to be aware of how taxes can be effected by:

E

Life changes, like new addition to family or purchase of a home

E

Retirement contributions or withdrawals

E

Healthcare

Personal Financial Planning

Live on a Budget

Pay off Debt

Manage Your Financial Future

… these statements may sound like clichés that work for others while you struggle to manage your month to month finances.

But I can tell you that it is possible. 

I believed the lie most of my adult life that I would always have a car payment and that living with debt is just part of life. However, I finally realized that it is not true. Although I got on track later in life it has been the best journey to have finally gotten to live within my budget save for emergencies and have no car payment.

As a Dave Ramsey – Financial Peace facilitator– for many years I have had the honor to work with many families and individuals work through the process of paying down debt and living within their budgets.  Often times we just need someone to help us walk the journey of managing and understanding our financial responsibility to our families and businesses. Plus we get to celebrate the success of being less stressed over finances and truly live with a freedom to enjoy our choices as well our future.

Payroll

Perfectly Tailored to You

No matter how you choose to pay your employees, we’ve got you covered. Run payroll as many times as you need, at your convenience.

Detailed Reports

Get a better understanding of your payroll. Review detailed cost reports, payroll journals, and bank transaction statements.

Report Types:

  • Payroll Journal / History
  • Benefits Report
  • Year-to-Date Report
  • Employee Information
  • Contractor Information & Payments
  • Bank Account Transactions
  • Paid Time Off Summary
  • Tax Payments Report

Taxes – Paid & Filed

Never worry about calculating, filing or paying your taxes. We take care of everything so you can spend time on what’s important to you and your employees.

TAX CALCULATIONS & PAYMENTS

Automatically calculating your state and federal payroll taxes. We then electronically pay them to the government on your behalf.

AUTOMATIC TAX FILINGS

No more paper forms. Beginning with your first payroll run, we will create and electronically file your State & Federal payroll tax documents, including all end-of-year forms such as the W-2. Access your forms online at any time.

PAYROLL ON AUTOPILOT™

Never worry about missing a deadline. With Payroll on autopilot our system will automatically process your company’s payroll and let you know you’re good to go. Your employees will be paid on time, every time.

Tran$form Your Finance$

Tran$form Your Finance$

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