EMAIL: CONTACT@CENTSSAVVY.COM
PHONE NUMBER: 734-415-2722
Small Business Accounting
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Unleash the full potential of your small business with Cents Savvy's Small Business Accounting services. Our services include small business bookkeeping, tax consulting, and special projects. Our goal is to strategically reduce your tax obligations through proper business accounting practices. As an experienced certified public accountant, we're your trusted partner in achieving lasting financial success. Elevate your business with Cents Savvy today.
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Welcome to our Small Business Accounting service, where financial clarity meets business success. We specialize in providing small business accounting solutions to meet the custom needs of small businesses like yours. From managing day-to-day transactions to preparing financial statements and tax filings, we handle all aspects of your accounting needs with precision and professionalism.
With Cents Savvy’s personalized approach, you can trust us to keep your business records organized and accurate, allowing you to focus on scaling your business. Cents Savvy is here to bring peace of mind to your Small Business Accounting process.
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Here's our process for consultation for Bookkeeping Services
Initial Inquiry and Discovery Call
Assessment and Proposal
The consultation process begins with an initial inquiry from the prospective client. This can be done through our website, phone, email, or in-person visit. We will then schedule a discovery consultation to learn more about the client's business, their current bookkeeping practices, and their specific needs and requirements.
During the discovery call, we assess the client's bookkeeping needs, including the volume of transactions, the complexity of their financial records, and any special considerations or requirements. Based on the information gathered during your small business consultation, we prepare a customized proposal outlining the scope of services, pricing, and terms of engagement.
Agreement and Onboarding
If the client agrees to move forward, we finalize the agreement and set up the necessary accounts and access to begin the bookkeeping process. We gather all relevant financial documents and information from the client, set up the bookkeeping software or systems, and establish processes for ongoing communication and collaboration.
Bookkeeping Services
We're dedicated to helping you maintain accurate financial records and make informed business decisions. Explore below to learn more about the comprehensive services we offer:
Bookkeeping Setup
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Day-to-Day Bookkeeping
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Financial Reporting
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Let us set up your bookkeeping system from scratch or transition your existing records to a more efficient and streamlined process. We'll customize your setup to suit the unique needs of your business and ensure that you have the tools and resources you need to succeed.
Stay on top of your finances with our day-to-day bookkeeping services. From recording business transactions to reconciling your business bank accounts, we handle all aspects of your financial record-keeping so you can focus on running your business.
Gain insights into your business's financial status with our comprehensive financial reporting services. We'll generate detailed reports that provide a clear picture of your income, expenses, and profitability, helping you make informed decisions and plan for the future.
Accounts Payable and Receivable
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Keep track of money coming in and going out of your business with our accounts payable and receivable services. We'll manage your invoices, track payments, and ensure that you're staying on top of your financial obligations.
Payroll Processing
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Simplify your business payroll process. We handle all aspects of payroll, including wage calculation, remitting tax payments, and filing payroll taxes, so you can prioritize managing your team and growing your business.
Budgeting and Forecasting
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Plan your business future and make both real time and informed decisions with our budgeting and forecasting services, helping you manage cash flow, set financial goals, and track performance.
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We understand that small business accounting and bookkeeping can be time-consuming and complex. That's why we're committed to providing personalized bookkeeping solutions tailored to your unique needs and circumstances. Contact us to schedule a business consultation and work towards financial peace of mind in your business.
I'm Tiffany Vaughn, CPA and proud owner of Cents Savvy, where we specialize in providing top-notch bookkeeping services to individuals and businesses alike. With over 15 years of experience as a Certified Public Accountant, I've helped thousands of clients achieve their financial goals through our proven, repeatable, and customizable processes. From building credit to implementing solid financial plans, we're here to support your business journey. Together we will to take your business to new heights!
Frequently Asked Questions
What is the difference between bookkeeping and accounting?
Bookkeeping involves the recording and organization of financial transactions. Accounting includes interpreting, classifying, analyzing, reporting, and summarizing this financial data. Bookkeeping is the framework for the accounting process.
Do I need to hire a professional bookkeeper or accountant?
While small businesses can initially manage their own finances, hiring a professional can save time and reduce errors as the business grows. An expert can provide valuable financial insights and ensure compliance with regulatory requirements.
How often should I update my books?
It is advisable to update your books at least monthly. Regular updates help you keep track of cash flow, manage expenses effectively, and prepare for tax season without hassle.
Can bookkeeping help me save on taxes?
Effective bookkeeping ensures that all deductible expenses are accurately recorded and properly categorized, which can significantly reduce your taxable income. Additionally, it ensures that all financial records are audit-ready.
Which accounting software is best for my small business?
This will depend on your small business needs, size, and budget.Options such as QuickBooks, Xero, and FreshBooks are great options to assist your accounting function.
What financial statements should I be aware of and why are they important?
The three key financial statements you need to be informed of include your business balance sheet, income statement (ex. profit and loss statement), and cash flow statement. These statements provide insight into the financial health of your business, guide decision-making, and are essential for securing financing or investments.