Having a reliable accounting and bookkeeping system is crucial for small to medium-sized businesses. A well-organized financial record helps you make informed decisions and stay on top of your finances.
Accurate financial records also help you prepare for tax season, ensuring you take advantage of all eligible deductions and credits. According to our research, a small business with a solid accounting system can save up to 30% on tax liabilities.
With the right accounting and bookkeeping services, you can free up more time to focus on growing your business. By outsourcing these tasks, you can reduce administrative burdens and increase productivity.
Why Your Business Needs Accounting Services
Hiring accounting services can be a game-changer for your business, especially when you consider the benefits of outsourcing bookkeeping. By doing so, you can eliminate the need for hiring and training in-house staff, which reduces overhead costs.
Access to a team of skilled professionals is just one of the advantages of outsourced bookkeeping. These experts specialize in bookkeeping, ensuring accuracy and compliance with financial regulations.
Outsourcing bookkeeping allows you to free up valuable time to focus on core business activities and strategic growth initiatives. This is especially important if you're trying to grow your business quickly.
Accurate and up-to-date financial records provide insights into your business's financial health, helping you make informed decisions. This is a crucial aspect of running a successful business.
To ensure timely tax filing and compliance with tax regulations, it's essential to have a reliable accounting service on your side. This can help you avoid penalties and fines associated with late or incorrect tax filings.
Here are some key benefits of hiring accounting services:
- Eliminate the need for hiring and training in-house staff
- Gain access to a team of skilled professionals
- Free up valuable time to focus on core business activities
- Accurate and up-to-date financial records
- Ensure timely tax filing and compliance with tax regulations
- Easily scale bookkeeping services to match your business's changing needs
- Eliminate the stress associated with managing complex financial tasks
- Utilize advanced accounting software and tools without expensive licenses
- Concentrate on your core business strengths while experts handle finances
- Comprehensive financial reports enable strategic planning and budgeting
By outsourcing your accounting needs, you can ensure that your business is running smoothly and efficiently, allowing you to focus on what really matters – growing your business and achieving success.
Accounting and Bookkeeping Services
Accounting and bookkeeping services are essential for small businesses to manage their finances effectively. A great bookkeeper isn't just about keeping your financial records in order, but also provides leadership and guidance based on thorough and rigorous analysis.
Bookkeepers should be proactive, spotting trends in your business, identifying opportunities for tax reduction, and providing the proper financial information and context to serve as a trusted guide. They should also make your life easier by handling all the bookkeeping tasks, freeing up your time to focus on growing your business.
Ignite Spot is a certified online bookkeeper or virtual accountant that provides expertise to help your data, including invoices, bills, expenses, and deposits, get recorded correctly and on time. They use the latest technology to give you the answers you need when you need them.
A bookkeeper looks into historical data, inputting information and examining it to provide context for what's happening. The role of a bookkeeper is about information entry and analysis. They should be able to process vendor bills and related payments, post credit card transactions, prepare customer invoices and post related deposits, and reconcile bank, credit card, and merchant accounts.
Here are some common services provided by bookkeepers:
- Processing vendor bills and related payments
- Posting credit card transactions
- Preparing customer invoices and posting related deposits
- Assisting in the collection of past due invoices
- Reconciling bank, credit card, and merchant accounts
- Posting payroll
Milestone provides full-service bookkeeping services to businesses of all sizes and specialties, especially small and mid-sized businesses. They leverage cutting-edge technology to deliver enterprise-level solutions to every client they serve.
Ignite Spot provides monthly operating statements, including a monthly statement, a balance sheet, a cash flow statement, and customized reports. They can also help with customer invoices and payments, as well as vendor invoices and payments.
ProLedge Bookkeeping Services is a Houston-based firm that offers a comprehensive suite of services for small businesses, including QuickBooks bookkeeping, bank account and credit card reconciliation, and accounts payable and accounts receivable. TZM Bookkeeping is a virtual bookkeeping and accounting business that specializes in QuickBooks and offers services such as individual tax returns, contracted accounting services for corporate organizations, and QuickBooks setup, clean-up, and training services.
We Utilize Best-in-Class Technology
60% of business owners admit they aren't confident in finance and accounting, including bookkeeping. This lack of confidence can lead to errors in tracking income and expenses, and even compromise the future of a business.
Our bookkeepers use Quickbooks and other accounting software systems to keep your accounts up-to-date. Access reports from anywhere with the touch of a button, it’s all digitized.
For many businesses, bookkeeping is a daunting task that requires a lot of time and attention to detail. Even confident business owners may not have the time to give their books the attention they need.
Programs like QuickBooks, FreshBooks, Xero and Wave provide a range of small business accounting services, including invoicing, online payments, payroll, and expense tracking. These programs typically require a monthly or annual subscription, with a few levels that include different services.
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Our Process and Services
We take pride in our meticulous bookkeeping process, which enhances financial clarity and empowers businesses to thrive. Bookkeeping is the cornerstone of financial organization, ensuring a clear record of all transactions from start to finish.
Our experienced bookkeepers immerse themselves in your business's financial landscape, comprehending the intricacies of your accounts. They meticulously track receipts, invoices, credit notes, and more, maintaining a well-organized financial record.
We use advanced software such as QuickBooks, NetSuite, Quicken, Xero, and others to elevate financial management. Every transaction is methodically categorized, allowing us to maintain a clear ledger of debits and credits, providing insight into your business's financial health.
Here are some key services we offer:
- Meticulous record-keeping: We ensure your business's financial records are accurate and up-to-date.
- Efficient payroll management: We take the complexity out of payroll processing.
- Seamless audits: Our experts assist in preparing for audits.
- Strategic budgeting: We work with you to create and manage budgets that align with your goals.
- Customer invoices and payments: We help you stay on top of customer invoices and get paid sooner.
- Vendor invoices and payments: We organize vendor invoices and make your payments to keep things running smoothly.
- IRS forms: We coordinate with you and your tax accountant on annual IRS forms.
- Tax assistance: We help you get a jump on your tax returns and ensure they are error-free.
Beyond, LLC - Personalized Approach
At Bookkeeping & Beyond, LLC, they take a personalized approach to bookkeeping, understanding that every business is unique. They offer full-charge bookkeeping services to small businesses, sole proprietors, and individuals.
Their team of experienced bookkeepers is led by Sandra O Medrano, who has over 20 years of experience working for various private businesses, including 12 years as a Controller at MECX. Sandra is bilingual, fluent in both English and Spanish.
Bookkeeping & Beyond, LLC provides services that extend beyond just bookkeeping to include QuickBooks management, payroll, and business management. They are also a QuickBooks-certified ProAdvisor, providing up-to-date advice tailored to your business needs.
Their services include meticulous record-keeping, efficient payroll management, seamless audits, and strategic budgeting. They also offer help with quarterly and monthly activities, such as sales tax, income tax, customer invoices, and vendor invoices.
Here are some of the services they offer:
- Meticulous record-keeping
- Efficient payroll management
- Seamless audits
- Strategic budgeting
- Sales tax management
- Income tax management
- Customer invoice management
- Vendor invoice management
Bookkeeping & Beyond, LLC takes a personalized approach to bookkeeping, building relationships with their clients and providing valuable insights to help them make informed financial decisions.
Emergency Accounting Support Options
If your accountant is unexpectedly unavailable, don't panic - a team-based accounting service has professionals and processes in place to continue managing your account.
You can rest assured that your accounting needs will be taken care of, even if your usual point of contact is out.
We're Certified Bookkeepers
You can trust that our team is certified and knowledgeable about bookkeeping and accounting principles. The National Association of Certified Public Bookkeepers (NACPB) accredits bookkeeping services with the Certified Public Bookkeeper (CPB) license.
To become certified, a bookkeeper must pass a four-part exam and have either an associate's or bachelor's degree in accounting or complete an Education Alternative. They must also have one year (2,000 hours) of bookkeeping and/or accounting experience.
Our team at Ignite Spot is certified and experienced in bookkeeping and accounting. We rely on the latest technology to give you the answers you need when you need them.
Here are some benefits of working with a certified bookkeeper:
- Available on your schedule
- Knowledgeable about local accounting standards
Types of Businesses and Services
There are three main types of bookkeeping services for small businesses to consider. Online bookkeeping is a popular option that offers flexibility and convenience.
Virtual service providers offer personalized bookkeeping services, providing one-on-one support to business owners. They typically work remotely and use online tools to manage client finances.
Online software provides a self-service option, allowing business owners to manage their finances independently using cloud-based accounting tools. This option is ideal for those who prefer to handle bookkeeping tasks on their own.
Outsourced services, on the other hand, involve hiring a third-party company to handle bookkeeping tasks, often at a lower cost than hiring a full-time employee.
Small Business Types
Small businesses can be categorized into various types, and one of the most effective ways to manage them is through online bookkeeping services.
Virtual service providers, online software, and outsourced services are three main categories of online bookkeeping.
Retail businesses involve the sale of goods and services to customers, and with the right bookkeeping, small boutiques can grow into national brands.
Online bookkeeping can help retailers keep more accurate books and meet their financial goals.
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Not-for-Profits
Not-for-Profits are required to keep and maintain accurate financial records. This can be a daunting task, especially for those without accounting experience.
Outsourcing bookkeeping needs can be a huge help in ensuring compliance with state and federal rules.
Accounting and Bookkeeping Tasks
Accounting and bookkeeping tasks can be overwhelming, but with the right help, you can focus on growing your business. A great bookkeeper is proactive, providing leadership and guidance based on thorough analysis.
They should be able to spot trends in your business and identify opportunities for tax reduction. This requires a deep understanding of your financial records, which a great bookkeeper will handle with ease.
MAKH Accounting, a CPA firm near Houston, Texas, offers a comprehensive suite of services, including tax reduction planning, bookkeeping, payroll, and proactive guidance. They can help you lower your taxes and build a more profitable operation.
With Ignite Spot, you get a certified online bookkeeper or virtual accountant to support your business. Their team relies on the latest technology to give you the answers you need when you need them.
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Here are some services you can expect from a great bookkeeper:
- Bookkeeping tasks, such as handling financial records and reports
- Payroll services, including processing and compliance
- Tax reduction planning, to help you minimize your tax liability
- Proactive guidance, to help you make informed business decisions
By outsourcing your accounting and bookkeeping tasks to a reputable company, you can free up your time to focus on growing your business. A great bookkeeper will make your life easier and help you achieve your goals.
Choosing a Service
Choosing a service for your accounting and bookkeeping needs can be a daunting task, especially with so many options available. You have a lot of options for managing your business's finances.
To choose the right online bookkeeping service for your business, consider how many clients or customers you have, as this will impact the complexity of your financial management. You'll also want to think about how many invoices you need to send per month, which can affect the level of support you require.
Your business type, whether product-based or service-based, will also influence your bookkeeping needs. This includes considering how many contractors and employees you work with, and how fast you plan to grow. Your annual revenue and growth expectations will also play a role in determining the level of support you need.
You'll also want to think about how you prefer to be paid, whether you work with international clients or customers, and whether you need assistance with legal formation and tax election setup. Additionally, you'll want to consider how much tax support you want throughout the year and at tax time.
Here's a breakdown of some key factors to consider:
Ultimately, the right service for you will depend on your unique business needs and circumstances.
Our Team and Partners
Our team is comprised of experienced accountants and bookkeepers who have a combined total of over 100 years of experience in the field. They are experts in financial management and have a proven track record of helping small businesses and individuals achieve their financial goals.
Our team members are certified professionals, with many holding certifications such as CPA and CMA, which demonstrates their expertise and commitment to staying up-to-date with the latest accounting and bookkeeping standards.
Our partners include leading financial institutions and software providers, such as QuickBooks and Xero, which enables us to offer our clients the most efficient and effective accounting and bookkeeping solutions available.
Our Clients
We're proud to partner with high growth businesses and nonprofits who value our expertise. Our clients appreciate our understanding of the B2B SaaS industry.
We've helped companies like Innovatemap build a solid foundation for growth, providing them with the financial insights they need to make informed decisions. Tom and his team have been with Innovatemap since its inception.
Our clients praise our team for keeping their financials in good shape, providing them with the information they need to make smart decisions. We've restructured accounting systems and implemented new tools that help our clients track key performance indicators.
We've worked with companies that have seen significant growth, helping them get to the next level. Our clients appreciate our proactive approach, providing leadership and guidance based on thorough analysis.
We're dedicated to helping small businesses like photography businesses get their books in order. Our team is committed to delivering excellent service to our clients.
Our Team
We're proud to work with experienced professionals who are passionate about helping small businesses succeed. Sandra O Medrano, the owner of Bookkeeping & Beyond, LLC, has over 20 years of experience working for private businesses, including 12 years as a Controller at MECX.
Their expertise extends beyond bookkeeping to include QuickBooks management, payroll, and business management. B&J Bookkeeping and Taxes offers a wide range of services for both small businesses and large corporations, including bookkeeping, tax preparation, and corporation set-up.
AKIF CPA is a Houston-based firm that provides a wide range of accounting services, including tax preparation, bookkeeping, business advisory, and valuation. They also specialize in cross-border and international tax, making them a great choice for businesses with international operations.
Ivonne Yi Bookkeeping, LLC is a bookkeeping service based in Houston that's dedicated to helping small businesses get their books in order. Sandra is bilingual, fluent in both English and Spanish, which makes her a valuable asset to businesses with diverse client bases.
At Bookkeeping & Beyond, LLC, they're not just about providing services; they're about building relationships. They have received numerous positive reviews from their clients, praising their knowledge, patience, and the valuable insights they provide.
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Dao CPA P.C
Dao CPA P.C. is a Houston-based firm that provides a wide range of accounting services, including tax preparation, bookkeeping, business advisory, and valuation.
They specialize in cross-border and international tax, making them a great choice for businesses with international operations.
One of the unique aspects of Dao CPA P.C. is their expertise in cryptocurrency accounting, with proficiency in Defi (decentralized finance), running nodes, NFTs, and managing transactions across multiple networks.
Their team is dedicated to helping businesses like yours succeed, and they're committed to providing timely and responsive service at affordable rates.
Dao CPA P.C. is a trusted partner for businesses in Houston and beyond, offering a comprehensive suite of services to meet their financial needs.
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Frequently Asked Questions
What does full service bookkeeping include?
Full service bookkeeping includes managing all aspects of a business's accounting needs, from maintaining the ledger to preparing financial statements and tax returns. This comprehensive service also covers complex transactions, payroll, and timesheet processing.
Sources
- https://www.lewis.cpa/bookkeeping
- https://www.accountingwebsites.org/post/top-15-bookkeeping-services-in-houston-texas-your-guide-to-the-best
- https://www.milestone.inc/bookkeeping-services-examples
- https://www.ignitespot.com/accounting-bookkeeping
- https://www.collective.com/blog/tips-for-choosing-online-bookkeeping-services
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