Accurate, reliable, and cost-effective bookkeeping is the backbone of a successful small business.
Our managed bookkeeping services provide you with continually maintained records to enable you to make informed business decisions based on accurate financial insights from budgeting to scaling operations, compliance with tax regulations, and improving credibility with investors and lenders, making it easier to secure funding when needed.
Our dedicated bookkeepers and systems keep your business financially healthy and efficient so you can focus on growing your business and overall profitability.
Transaction Categorization
- Accurately categorize all financial transactions.
- Gain a clear picture of your income and expenses.
- Ensure organized and accurate financial data.
Bank and Credit Card Reconciliation
- Reconcile bank and credit card statements with accounting records.
- Ensure accuracy and completeness of financial records.
- Identify discrepancies quickly to maintain integrity.
Accounts Payable Management
- Process vendor invoices and payments.
- Reconcile accounts payable for accuracy.
- Interface with collection agencies if needed.
Accounts Receivable Management
- Manage customer invoices and payments.
- Ensure timely and accurate collections.
- Interface with collection agencies on your behalf.
Financial Forecasting
- Create projected financial statements like pro forma P&L and cash flow projections.
- Make informed decisions based on clear financial insights.
- Interface with collection agencies on your behalf.
Tax Filings and Compliance
- Prepare and file excise and Department of Revenue (DOR) tax returns.
- Support employer taxes for payroll services.
- Collaborate with your CPA for seamless tax filing.
Monthly Financial Reviews
- Review revenue, expenses, profit margins, and cash flow to ensure the business is financially stable.
- Identify trends and areas for improvement.
- Evaluate business operations, productivity, and progress on short-term and long-term goals. Adjust strategies based on performance data.
- Analyze customer feedback, sales patterns, and market trends to refine marketing strategies and improve customer satisfaction.
Dedicated Finance Experts
Our team of experienced bookkeepers provides personalized support tailored to your business. Skilled in QuickBooks, financial reconciliations, and customer relations, we ensure accurate and efficient bookkeeping. We also collaborate with your CPA to maintain compliance and readiness for tax filing.
Connie Saffold
Full Charge Bookkeeper & Excise Tax Filings
Liberty Tanghal
Full-Charge Bookkeeper & Controller
Monica Colgan
Launch CEO & Principal Consultant
Robin Roskind
Financial Strategist & CFO-to-go!
The Tools We Trust
We recommend and utilize industry-leading software to ensure accuracy, efficiency, and transparency in our bookkeeping services.
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Quickbooks (QBO)
QuickBooks Online is a cloud-based accounting software that helps businesses manage finances, track expenses, send invoices, and generate reports.
Real Results for Real Businesses
Our bookkeeping services have helped businesses across various industries streamline their financial processes, improve compliance, and make informed decisions. Stay tuned for detailed case studies showcasing how our services have positively impacted businesses like yours.
FREQUENTLY ASKED QUESTIONS
What bookkeeping services do you provide?
Launch's monthly finance review service is a valuable opportunity to educate clients about their business's financial health and empower them to make informed decisions. Here’s how it benefits clients in terms of education:
- Understanding Categorized Transactions
During the review, clients learn how their financial transactions are categorized and what this means for their financial performance. Bookkeepers explain income and expense trends, providing clarity on where money is being earned and spent. This helps clients gain a clear picture of their financial data and improves their ability to track business performance. - Insights from Financial Forecasting
Bookkeepers share financial forecasts, including projected profit and loss statements and cash flow projections. Clients are educated on how these forecasts are created and how to use them for planning future business activities. This enables clients to anticipate potential financial outcomes and align their strategies accordingly. - Identifying Risks and Opportunities
The monthly review often includes an analysis of financial risks and areas for growth. Bookkeepers guide clients in interpreting these insights, helping them understand how to mitigate risks and capitalize on opportunities. This education equips clients with the knowledge to make proactive, strategic decisions for their business. - Reviewing Financial Statements
Key financial statements, such as income statements and balance sheets, are carefully reviewed with clients. Bookkeepers educate clients on how to read and interpret these documents, ensuring they understand the financial position of their business. This knowledge is critical for making sound operational and investment decisions. - Cash Flow Management and Planning
Bookkeepers provide guidance on cash flow management, teaching clients how to monitor and optimize their cash flow. Clients learn strategies to ensure sufficient liquidity for daily operations and growth initiatives, which is vital for maintaining business stability. - Empowering Clients to Make Informed Decisions
By explaining financial data in simple, actionable terms, bookkeepers empower clients to take ownership of their financial decisions. This includes understanding how to allocate resources effectively, manage expenses, and plan for long-term goals.
Through this education-focused monthly review, clients not only maintain accurate financial records but also develop the knowledge and confidence to drive their business toward success.
What is Transaction Categorization, and why is it important?
Transaction Categorization is the process of accurately assigning each financial transaction to a specific category (e.g., income, expenses, assets) based on your business's chart of accounts. This practice provides you with a clear, organized view of your income and expenses, which is essential for maintaining accurate financial records and making informed business decisions.
Why Does This Matter for New Business Owners?
- Improves Financial Clarity:
By categorizing transactions, you gain a clear overview of your cash flow. This helps you monitor how money moves in and out of your business, allowing you to identify trends, control expenses, and plan for growth effectively. - Enables Better Decision-Making:
Organized financial data enables you to generate accurate reports, such as profit and loss statements and cash flow summaries. These insights help you make informed, strategic decisions about your business operations. - Streamlines Tax Preparation:
Properly categorized transactions allow you to easily identify deductible expenses, ensuring you claim all applicable tax benefits. Additionally, this practice reduces the time and effort required to gather supporting documentation during tax season, making the process smoother and less stressful. - Leverages Historical Data:
Tools like QuickBooks Online provide features such as "Categorization History," which lists how previous transactions with the same vendor or customer were categorized over the past 12 months. This helps maintain consistency in your financial records.
How It Helps at Tax Time
When your transactions are accurately categorized:
- Generating tax reports becomes faster and more reliable.
- You minimize errors and reduce the risk of missing deadlines or paying penalties.
- Working with your CPA or tax preparer becomes more efficient as they can directly access well-organized financial data
For example, QuickBooks Online uses your categorized transactions to summarize income and expenses in your financial statements. This ensures that your tax filings are accurate and complete, providing peace of mind at tax time.
Conclusion
For new business owners, Transaction Categorization is not just a bookkeeping task—it’s a crucial foundation for understanding your finances, maximizing tax benefits, and fostering long-term business success. By keeping your financial data organized and accurate, you’ll be better equipped to handle tax preparation and make strategic decisions to grow your business
Tools and Guides to Support Your Success
Explore our library of resources, including guides on financial management, tax compliance, and bookkeeping best practices, to help you grow your business with confidence.