Outsourced Accounting is an all-inclusive solution that offers small businesses relief from the day-to-day accounting hassles while providing 24/7 access to financial data. As your trusted advisor, we pay your bills, record deposits, furnish financial statements, prepare tax returns, and supply valuable financial and tax advice throughout the year. All activity is completed online via our technologically advanced platform—so communication and document exchange is in real-time.
Setup and training for our Outsourced Accounting services couldn’t be simpler. You define your immediate needs and we assess how our Outsourced Accounting Services can be integrated. We train your company’s designated point of contact on the process of providing our staff with the daily information required by our Outsourced Accounting Services and teach them how to access the system from our website.
|Reconcile bank accounts||✓||✓||✓|
|Reconcile electronic transactions into QuickBooks||✓||✓||✓|
|Reconcile credit card accounts||✓||✓||✓|
|Submit payroll taxes to agencies||—||✓||✓|
|Prepare payroll tax returns||—||✓||✓|
|Provide employee access to electronic paystubs||—||✓||✓|
|Provide employer access to electronic pay records||—||✓||✓|
|Process bills and vendor payments||—||—||✓|
|Track credit card expenses and receipts||—||—||✓|
|Process employee expense reports||—||—||✓|
|Prepare 1099s for contractors||—||—||✓|
|Provide digital access to paid bills||—||—||✓|
|Prepare monthly financial statements||✓||✓||✓|
|Prepare monthly budget reports||✓||✓||✓|
|Review pension compliance||✓||✓||✓|
|Review other employee deductions for compliance||✓||✓||✓|
|General business consulting||✓||✓||✓|
|Quarterly video conference to review key performance measures||✓||✓||✓|
With a definitive uptick in hacking and ransomware, there has been a corresponding emphasis on cybersecurity. It is no longer simply a matter of arguing over erroneous credit card charges – personal data is being used to file fraudulent tax returns, claim social security benefits, and the like. Here at LBF, we want to make sure you are doing everything you can to protect your personal...
When you form an LLC, you need to draft articles of organization that comply with the state’s LLC act and then file the articles with the appropriate state office. Typically, the required articles are broadly worded and likely don’t address members’ rights and responsibilities as you would like them addressed.
You should consider taking the extra step of having your...
Let me preface this entry by stating that this post is not brought to you by the good people of Inuit, but odds are very good that if you are an existing business client of ours, then QuickBooks is the accounting software we are using. For both new and existing clients, there has been an inexorable push towards using QuickBooks Online (hereafter “QBO”). The reasons for doing so...