In today’s economy you must be certain about the strength and direction of your business. Guessing and operating by the seat of your pants are no longer options if you want your business to prosper. Our business services can play a vital role in providing that certainty in three ways. First providing accurate numbers. Second preparing meaningful projections or forecasts. Third monitoring those projections or forecasts and course correct.
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Accurate bookkeeping information is vital to your success in the building of your wealth. Without it you cannot analyze the performance of your investments, assess the health of your business or plan and execute strategies to reduce your taxes and grow your business.
Full Service Bookkeeping.
TA Bookkeeping Service will pay your bills through a special bill paying account, enter your transactions into the bookkeeping software, reconcile your bank and credit card statements and prepare and send you all the data files and management use financial statements (income statement and balance sheet).
You pay your own bills and send us all the paperwork. We’ll enter your transactions into the bookkeeping software, reconcile your bank and credit card statements and send you the data files and management use financial statements (income statement and balance sheet).
You pay your own bills and enter your own transactions. We’ll review your paperwork and data files and make sure your accounts reconcile. We’ll send you a report letting you know what changes, if any are necessary.
Payroll has becoming increasingly more and more complicated and the penalties for doing it incorrectly are staggering. We recommend that regardless the size of your business you should not do your own payroll. We highly recommend our preferred payroll service provider CompuPay>>.
* All bookkeeping services are provided by TA Bookkeeping Services, LLC. TA Bookkeeping Service, LLC is an affiliated with Taryle and Associates, CPAs, PLLC but it is not a licensed CPA firm.
Projections & Forecasts
New Business or Business Line Initial Projection a simple best case scenario to determine the potentially profitability of the business. You can no longer afford to invest your time and money into a business idea that can not provide the profits you need. This projection will let you know what the profit potential of your business idea is if everything goes perfectly as planned.
Business Model a professional prepared business model can help attract investment in your business. It may also help to get employees, partners and associates excited and on board with your concept. A business models help you to stay focused on the core of your business.
Detailed Cash Flow Model a detailed projection cash receipts and cash expenditures. This model in important to determine the cash requirements for your business. Staying on top of your businesses cash needs gives you more options for meeting those needs. For example knowing in March that your business will need more cash in August gives you more options than discovering the need in July or August.
Detailed Business Projection A detailed projection of your business’ income and expenses. This projection is typically done for just one year. Among other things the projection will provide valuable information expanding or contracting aspects of your business. This projection will become the basis for your business’ operating forecast used to monitor your business
Operating Forecast a forecast of operating income and expenditures combined with industry benchmarks to set monthly targets for your business. Typically we would use your business’s Detailed Business Projection to create this forecast.
Variance Report a monthly report combining the Income Statement and the Operating Forecast. This report will show you where the actual results and the forecasted results differ. This is one of the most important reports you will use to manage your business. It will quickly draw your attention to the aspects of your business that need attention.
Benchmarking setting targets for your business based on what similar businesses in your industry are doing. This process focuses on analyzing and understanding the financial ratios appropriate for your industry.
Variance Report and Benchmark Monitoring a monthly or quarterly meeting to review your businesses Variance Report and Benchmarks with you. We will strategies on ways to bring the variances back in line with projections or do a complete course correction based on the variances.