Bookkeeping
Why In The Black Consulting
Is Your Best Choice
We have over 25 years experience working with various types of Companies, including Construction Businesses, Retail Businesses, Online Stores, Real Estate Professional, Real Estate Investors, Photography Studio, Law Firms, Medical Offices, Service Companies, Etc. We have completed many interesting projects over the years that have helped us stretch and grow in the Bookkeeping industry. Our varied experiences have shaped a business that caters to the specific needs of our clients. We love showing our clients some of the ways they can use their accounting software to get a better picture of what is happening in their business on a Monthly, Quarterly, or Yearly basis. We take the time to explain what a business’s financial statements are telling the owner about their business.
Accounts Payable
Managing the accounts payable Process.
Accounts Receivable
Managing the Account Receivable Process.
Payroll
Services
Coordinate with payroll processing Company.
Invoicing Services
In The Black Consulting Creates accurate Invoices per Business Owner’s request to their specific requirements and distribution to their clients.
Reconciliation Services
Reconciling various General Ledger accounts from the Chart of Accounts to determine that the information entered is accurate.
Financial Statements
Produce Financial Statement on a Monthly, Quarterly, or Annual Basis. Consulting with the business owner is included to maximize results.
Invoicing Services
In The Black Consulting Creates accurate Invoices per Business Owner’s request to their specific requirements and distribution to their clients.
Reconciliation Services
Reconciling various General Ledger accounts from the Chart of Accounts to determine that the information entered is accurate.
Financial Statements
Produce Financial Statement on a Monthly, Quarterly, or Annual Basis. Consulting with the business owner is included to maximize results.
Reconciliation
We confirm that the data entered into the accounting system is always accurate and timely.
This brings unusual items to the Business owner’s attention so they can address them immediately.
It shows a more clear picture of which checks have not cleared the bank to make your business easier to manage.
We Handle All Your Accounts
- Bank and Credit Card Accounts
- Any Loans and Interest Accounts
- Employees loans
- Report any discrepancies to the Owner and assist in resolving any issues
- Accounts Payable
- Accounts Receivable
- Payroll accounts
- Etc.
Our Process:
- Business owner provides any Bank Statements, Mortgage Statements, CC Statements, Vender Statements, Loan Statements, Payroll Reports and other supporting documents.
- We do the reconciliation in accounting software, comparing the statements to the numbers entered in the accounting software to make sure all the data is entered accurately.
- Any questions regarding the charges in each of the accounts are brought to the awareness of the Business Owner.
- Reconciliation reports are presented to the Business owner for review with the Financial Statements.
Invoicing Services
Business Owner Benefits
- Accurate invoices sent to their clients in a timely manner.
- Receives timely payments.
- Creates better cash flow for the business.
What To Expect
1. Business owner submit requests for invoices and indicates what type of income, what items or services were provided, the charge for the items or services, who to bill and where to send the bill.
2. Data entry to reflect Business owner’s request.
3. Submit the Invoice to the client electronically or mail to the client per Business owner’s instructions.
Financial Statements
- Business owner gets a monthly review of his company’s financial state and can make informed decisions on what needs to happen in his business next.
- The Business Owner can see his costs of goods and his overhead expenses in simple reports.
- Red Flags in the business can be caught early and addressed before they become insurmountable problems.
- The business owner can see where the expenses are being applied and determine if the categories are appropriate.
- Once Financial Statements are prepared, an appointment is scheduled with the Business owner and the Accountant.
- The Business Owner and the Accountant meet Face to Face or via Screen sharing and discuss what is contained in the Financial statement.
- This usually takes 15-30 minutes on a monthly basis after the first 2 meetings.
- Review the Financial Statements Face to Face or via Screen sharing to determine that the information is accurate. Generally 15-30 minute meeting on a monthly basis after the initial meeting.
- Answer any of the Business Owner’s questions about their company’s financial Statements
- Business Owner’s can use their financial Statements to determine changes they can implement.
Payroll Services
What Do We Do For You?
- Collect the employee forms necessary to create a paycheck
- Collect payroll hours from the Business Owner
- Submit the hours to their payroll company
- Collect Reports from payroll processing company
- Enter payroll information into their accounting software
Results To Expect
- When Employees are paid in an accurate and timely manner they are more satisfied with their jobs.
- The Business owner is more likely to retain good employees.
- The Business Owner’s Government obligations are met so the Owner does not have penalties.
Accounts Payable
- Better manage cash flow and pay bills in a timely manner.
- Aware of the expenses that are their is responsible for and can see where his money is being spent.
- Can prepare for major expenses and be aware of when payments are due along with the amount.
- Checks and CC payments can be scheduled in advance and the Business owner can make better decisions with accurate information.
What To Expect
- Comparing the Vender statements with the Business owners Accounts payable.
- Producing reports and presenting these to the business owner to determine what bills to pay and when.
- Cutting checks to pay the Business Accounts Payable.
- Business Owner is responsible for submitting all bills and Statements from Vendors and Credit Card Companies.
- Data will be entered into accounting software.
- AP reports will be submitted to the Business Owner.
- Business Owner will choose which bills to pay and when.
- Checks will be processed and mailed to the Vendors.
- Data will be compared with Vendor Statements and discrepancies will be addressed.
Accounts Receivable
- Clients are more likely to pay when Accounts Receivable is managed.
- When Accounts Receivable are managed properly, fewer account go into collection and there are less expenses in filing liens or going to court.
- Business owner’s time is spent doing business generating activities instead of collecting from Clients.
Our Process
2. Sending out Monthly Statements to their clients.
3. Contacting the Business Owners client to collect the debt.
4. Reporting results to the Business owner.
5. If necessary, creating liens or taking to court.(additional Fees)