As a business owner, it sometimes seems easier to handle everything yourself. But as your business grows, you’ll quickly become aware that trying to juggle everything solo is no longer practical, simple, or even responsible.
Your energy is best spent on growing your business, guiding your staff, and doing what you do best. Whether you’re taking over the startup world or designing your own line of handmade children's clothing, you started your business to do what you love. And that’s probably NOT bookkeeping.
If you’ve thought about outsourcing your bookkeeping services, just getting started can seem a bit daunting. We’ll walk you through our onboarding process and the first steps you’ll need to take to get started with outsourced bookkeeping. It’s easier than you think.
Whenever we begin working with a new client, we take time to get to know them. We want to understand what parts of running your business you love, what parts you don’t. What’s your current financial situation? Where do you want it to be in a year?
We’ll work together to create a bookkeeping solution that helps you move towards your goals. Once you've signed on as a client, we'll move you onto the onboarding phase.
Analyzing Your Financial Health
Whether you’re transferring from a bookkeeper that didn’t work out or have been handling it yourself (or, haven’t been handling it much at all!), we’re ready to help.
We like to start with a solid foundation so during the onboarding phase, we will:
- Review your chart of accounts and update the accounts to provide improved insight into your monthly statements
- Take a deep dive into your accounting records to ensure your historical records are in compliance with reporting standards
- Map out your monthly accounting workflow to clearly outline the tasks and responsibilities for the engagement
Reviewing Your Accounting System
Another activity that occurs during the onboarding stage is the review of your existing accounting system. We'll identify the gaps in your system and help you implement new tools to fill those gaps.
If you're currently on desktop accounting software, we'll also transition your books to cloud-based accounting software. We usually recommend Xero or QuickBooks Online because of their user-friendly interface, data security and wide range of accounting features. Our team can also access your financial data online and collaborate with you to ensure your books are well managed.
If you’re regularly managing expense reports, we can help you get set up with programs like Expensify. If you’re struggling with a drawer that is overflowing with receipts, perhaps Receipt Bank is up your alley!
All of our bookkeeping solutions are completely customized to your needs, meaning you’re only paying for what you need, and we’ll never overwhelm you with tools and data that you don’t. We'll also provide your team with unlimited training on the new tools and processes.
Let's Get Started
Our agile team considers catch-up bookkeeping a top priority, so we’ll have you up to date in no time. We’ll also take a look at your previous financial statements to ensure that everything has been handled accurately.
Going forward, handling your invoices is as quick and easy as shooting us an email. Forward us your invoices, and we’ll take it from there. We’ll work together to create a workflow and communication process that works for you. Got any questions? We provide fast, easy e-mail-based support, but are always just a phone call away. At the end of each month, we’ll reconcile your accounts and provide you with financial statements within 10 days of month end.
Get Ready to Grow
Regardless of industry and business size, one thing our clients have in common is the shared feeling of relief once they’re no longer worrying about day to day bookkeeping.
You’ll gain back the time you spent handling data entry or struggling to understand the minute details of small business accounting. But best of all, your accurate financial reporting can help you make strategic financial decisions to improve and grow your business.
The biggest hurdle in setting up outsourced bookkeeping is getting the ball rolling. We understand that making changes can be overwhelming, frustrating and stressful, so we do everything we can to help you transition smoothly.
Once the pain of handling your own bookkeeping is gone, it’s gone for good. If you’re interested in learning more about what you can accomplish once you’ve outsourced your bookkeeping services, reach out to our team. Let’s partner in your success!