Many business owners find bookkeeping a tedious task and frustrating, especially when the books don’t balance or match up to the bank statement.  The business owner may hire a secretary or admin person to handle the bookkeeping; however, they may not have the accounting knowledge or experience to get it right and therefore spend more time to fix the problem. 

South Loop CPA offers 2 levels of bookkeeping services; the first level is for the small business owner that has simple bookkeeping needs and simply needs someone to categorize transactions from their bank statements.  The second level is for larger businesses that have more complex needs as they need to maintain accounts receivable, accounts payables and have a larger number of transactions. 

For the small businesses that have simple bookkeeping needs, South Loop CPA uses Quick Books Online to maintain the business financials.  South Loop CPA has a bookkeeper than is Quick Books Certified and will categorize transactions on a daily basis and perform monthly reconciliations.  The business owner can simply login to Quick Books at any time to get a snapshot of how well the business is doing. 

For the larger business with more complex needs, South Loop CPA offers a virtual accounting solution.  The virtual accounting solution entails having a dedicated bookkeeper that will work only on your account and a CPA to review the work.  The process starts off by the CPA understanding your business processes and documenting the process.  Once a documented process is established, the business is set up on a virtual accounting system.  The virtual accounting system is a cloud based platform that allows the business to scan and upload invoices or bills to the bookkeeper.  The bookkeeper will input the information into the accounting system and send the business owner monthly summaries of what needs to be paid or who owes the company money.  As the business grows, the virtual accounting solution allows for more staff to be added.  To learn more about the virtual accounting System click here.

Business owners will find that by outsourcing their bookkeeping they will be able to focus on their core business and concentrate on growing their business.   Contact South Loop CPA to learn more about our bookkeeping solutions.