Gravy Business Services provides bookkeeping services to businesses throughout the Greater Sacramento Area of Northern California. Services include but are not limited to:
You are falling behind, or do not know where the business stands financially.
The importance of having accurate, up-to-date reports for understanding the financial health of your business and making informed decisions cannot be overstated.
Business is growing.
More money comes in, more money is spent, and business generally becomes more complex, including regulations you are subjected to. If operations remain the same it becomes more difficult to keep up with demand in all directions.
You want business to grow.
The do-it-yourself mentality of the entrepreneur can manifest amazing things, but an individual or a small team limits growth potential. Tasks that do not need to be performed by you should be outsourced, allowing you to focus more time and energy on pursuing goals.
You have little knowledge, experience, or interest in managing the financials of your business.
Many entrepreneurs go into business for the opportunity to do what they enjoy for a living on their own terms. However, running a business can come with unwanted (and uninteresting) duties that take up time but do not generate revenue. Accounting-related tasks are often placed in this category.
Invoices are not issued to clients on time, or receivables are difficult to track.
Ironically, chasing money from clients may be pushed aside in order to maintain other business needs. Some may take advantage of the situation thinking that if no bill is received then no payment is due. Your business needs that money to run, so it is important for your clients to know that they need to pay, and when.
You are losing track of bill paying.
From utilities and supplies to utilizing manpower with contractors and employees, all of these must be maintained to keep business running smoothly. Unanticipated bills, paying vendors late, and not knowing what the business can afford can leave you chasing solutions to compounding problems, not profits.
Personal expenses are commingled with business expenses.
Mixing the two in the same account(s) can be a nightmare for tax preparers and auditors, driving up fees for you and making the true financial state of your business anyone’s guess. Reduce costs, confusion, and the chances of being audited in the future with assistance from a bookkeeper.
If one or more of the above items apply to you, then your business can benefit from hiring a bookkeeping service such as Gravy Business Services. Contact us today.