Small Business Bookkeeping Services in San Francisco
Bookkeeping isn't flashy like sales or marketing, but it's a critical business task that often gets overlooked. Oftentimes, business owners and executives only get serious about bookkeeping after they find themselves in a crisis, either due to the IRS or cash flow mismanagement. Insufficient or poorly maintained accounting records even lead to the failure of many small and medium-sized businesses.
When financial records are not complete, you may lose track of bills and invoices, incorrectly establish budgets and forecasts, and even miss out on important deductions to lower your tax burden. Inadequate record-keeping can also negatively impact customer service, as the inability to provide necessary information to customers in real-time may result in additional fees, disruptions or reductions in cash flow, and potential harm to business relationships.
Contact Lowden Financial for a free consultation regarding bookkeeping services in San Francisco. You will enjoy better peace of mind, and with your business's recordkeeping taken care of, you can focus on growing your business sustainably.
Business Bookkeeping Services We Provide
We can help with anything from customized financial statements and reports to full clean-ups, reconciliations, and general ledger maintenance. Here is a brief overview of our services, and if you have any questions, please get in touch.
Recordkeeping
The ability to maintain accurate and detailed records often sets successful businesses apart from mediocre companies, especially when it comes time to sell. Lowden Financial ensures that all financial transactions are recorded systematically, keeping you legally compliant and informed when it comes to major decisions. We can keep track of sales, purchases, payments, receipts, and more. Monitor your business's progress, identify opportunities to improve profitability, and keep track of deductible expenses that you may not be aware of to help reduce your tax burden.
Reconciliations
Reconciliations match transactions in the company's accounting records with corresponding bank statements to ensure accuracy in financial reporting. Our team will help you identify discrepancies, like unrecorded transactions or bank errors, and resolve them promptly. Our team at Lowden Financial can also handle complex reconciliations involving multiple accounts -- these can be time-consuming and challenging for business owners to manage on their own. Our knowledge of accounting principles and financial regulations keeps your company compliant, and accurate financial statements will help you make informed real-time decisions.
Cash Flow Statements
A cash flow statement is a financial document that shows how changes in balance sheet accounts and income affect cash and cash equivalents. We can break the analysis down to operating, investing, and financing activities. For example, a small bakery's cash flow statement might reveal cash inflows from daily sales and outflows for ingredients and rent, thereby offering a clear picture of its liquidity. Regardless of how complex your business or operating needs may be, we have the experience and financial acumen to give you current and accurate cash flow statements.
Consistent Financial Reporting
Imagine consistent and reliable reporting, delivered directly to your inbox, that includes balance sheets, profitability analyses, cash flow statements, projections, and more. As an executive or business owner, you need these reports to make informed decisions, and through listening to your business's specific needs, we can make these meaningful reports happen for you.
Expense Categorization
Don't wait until the end of the year to audit line items and categorize expenses. This can create a tax nightmare, causing significant expenditures to get your records in order before your business's tax filing deadline.. Our outsourced bookkeeping services simplify the process of tracking and managing expenditures, ensuring that all expenses are appropriately included and classified.
Lowden Financial can also assist with other vital functions like payroll, handling bills and invoices,, and financial forecasting. Let us help you effectively manage your records and cash flow and help your business run more efficiently than ever.
We Can Implement, Audit, and Automate Bookkeeping Platforms
We streamline our clients' bookkeeping operations and ensure accuracy by working with many popular bookkeeping platforms. In some cases, we take a business's physical books and enter them into Quickbooks. In other cases, we take over a client's Freshbooks, Xero, Sage, or other bookkeeping platform and set up automated reports, fix categorizing errors, and more.
The goal is to help the business get a grip on their finances and enjoy access to timely, accurate reports. We have experience with many platforms and integrations -- if you have questions about your particular software, please get in touch.
Enjoy Unlimited Support From Our Bookkeepers in San Francisco
Send us as many questions as you need - we want to be reliable partners who help transform your business operations. If you need a particular report, need help analyzing your statements, or anything else, send us a note. We also provide scheduled quarterly strategy calls with our clients who enroll in monthly bookkeeping services.
As your business grows, you may need assistance with job costing, sales tax preparation, complex transaction review, and more. We can work with you to upgrade your services and provide exactly what you need.
Get Your Free Consultation Today
Express interest by filling out our form or sending an email. We'd love to hear from you and discuss your business's needs. We offer a free consultation to all potential clients, and we would be happy to answer your questions as to how we can best serve you.
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