Many entrepreneurs are excellent at building strong relationships with clients, vendors, strategic partners. But when it comes to their relationship with money, revenue and company assets, often times the relationship is strained and in some cases, non existent. Don’t let your business become the next entrepreneurial cautionary tale.

Our Entrepreneur Package provides four unique and affordable options for streamlining your business. It’s time to take the guesswork out of growing and managing your company’s profits.

Option #1 - The Essential

The Essential option includes basic bookkeeping tasks necessary to build, grow and sustain a successful business, no matter the size of your company or what industry you’re in. 

From Accounts Receivable to Accounts Payable, each service is customized and ran based on the specifics of your company.  As a business owner, you can rest easier knowing you and your management team are provided with regular cash flow updates to keep you aware of your cash position at any given time in the month. 

At the end of each month, bank reconciliation and monthly financial statements are prepared and reviewed with you and/or key decision makers within your company. This cost-effective option will provide you vital information on your business performance on a monthly basis. 

Includes all of the following:

• Accounts Receivable
• Accounts Payable 
• Cash Flow Management
• Bank Reconciliation
• General Ledger
• Up to 150 Monthly Transactions
• 8 hours of customized consulting per month

Option #2 - Performance Control

Performance Control is a must have option for any small business that is growing and requires regular, accurate and in-depth financial analysis, annual budgeting and cashflow projection.  

Although you may already have these functions handled internally, as the business continues to grow, it is highly recommended that you either internally expand the amount of uniquely talented professionals needed for this important role or outsource it to a team of experts whose sole purpose is to ensure your business avoids the all too familiar land mines that accompany business growth.

Financial analysis is a financial tool that can provide information on the business performance on any given month compared to budget or compared to company’s historical data.  By combining tension-free financial planning with historical performance, a company’s management team is better suited for making improved future business decision. 

Cashflow projections are done based on the company’s need that can be prepared quarterly or semi-annually.  Cashflow projection can assist business owners to prepare for future extraordinary expenditures. 

Annual budgeting will provide unbiased and accurate guidance to business owners and their management team toward their future business decisions.  This covers future realistic financial goals by the company.  It could be anywhere from strategies to increase revenue centers to plans for future capital expenditures or maybe hiring additional personnel. 

Each month, actual income and expenses are compared to budget for a more efficient, accurate and real look into the business’ adherence to its budget.  This type of in-depth analysis and customized approach provides a clearer picture of the business direction. In essence, Optimum Bookkeeping’s Performance Control is your road map to a consistently successful and profitable business.  

Includes all of the following:

• Annual Budgeting
• Monthly Financial Analysis (monthly)
• Cash Flow Projections (once a quarter)

Option #3 - Year End Accounting

No matter the size of your business there’s a good chance you’ll be audited more than once, if you haven’t already been. Our Year End Accounting option for small business owners not only is essential for the preparation of your company’s books for tax return purposes, it ensures that when your company is audited you will be fully prepared, making the experience less stressful and potentially much less painful.

This option starts with filing Forms 1099 and 1096 to the IRS and mailing vendors’ copies.  Schedules to the financial statement are prepared and accompanies the company’s financial statement when submitted to the tax accountant.  Adjusting journal entries from tax accountant are posted prior to closing of the company’s books.   Our team of experts have handled year end accounting for small business to multi-million dollar corporations, in addition to facilitating company financial audits and regularly interact with CPAs, tax accountants and independent auditors.  We’ve also facilitated audits from government agencies.

Includes all of the following:

• Forms 1099 and 1096 Filing
• Year End Tax Return Package
• 4-6 hours of customized consulting per month

Option #4 - Business Office Consulting

Multitasking is a way of life for small business owners as well as many of the employees that work within a small business. Unfortunately, in the midst of multitasking, sometimes activity can be confused with accomplishment.

With our newest offering, Business Office Consulting, you and your business will receive the perfect option for learning the proper procedures for running a smooth business.

Includes all of the following:

• Proper documentation for checks written and receivables
• Proper filing of company documents
• Training in-house staff on proper procedures of effectively running an office