If you are like most small business owners, bookkeeping and accounting most likely leads to headache, confusion and most unfortunately, lost time. According to a recent survey by SCORE more than 40% of small business owners polled said bookkeeping is the worst part of owning a business.
Backbone CFO offers cloud based bookkeeping services that are designed to alleviate those aggravations. When you partner with us, your business bookkeeping goes from creating headache to providing a peace of mind. Our bookkeeping services have a tailored scope of tasks that will be a perfect fit for your business. You can even keep certain tasks in-house and outsource others. Our bookkeeping services provide your business the right amount of expertise, without having to commit to hiring a full-time bookkeeper or accountant.
Typical bookkeeping tasks performed by our Client Finance Managers would be:
Accounts Payable Processing
Post, job-cost, and pay your suppliers. All while bird-dogging suppliers for credit terms, establishing prioritization, and monitoring cash flow.
Accounts Receivable Processing
Post, job-cost, and submit your customer invoices in accordance with customer contracts. Coordinated, timely, and accurate billing.
Manage expense reporting software to ensure all transaction properly post to your QuickBooks. Proper posting includes correct account, customer/project classification, and any other custom fields used by your QuickBooks software.
Bank & Credit Card Reconciliations
Perform monthly bank account reconciliations for your business checking and savings accounts, as well as company credit cards.
Review time sheets, process payroll runs with QuickBooks payroll (or other payroll solutions), ensure proper posting to the general ledger, and proper job costing for accurate reporting.
Manage all third-party applications that integrate with QuickBooks as the central hub for accounting. Ensure systems are integrated correctly and modules are interacting appropriately. Examples include Payroll Platforms, Time Sheets, Bill Pay, Online Banking, and industry specific applications.