Bookkeeping Services
Accounting is often called the language of business.
According to the American Accounting Association, “Accounting refers to the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of information.” Besides providing you with the tools to compile the data you need to complete your tax returns and apply for business loans, small business accounting helps you understand what’s going on with your business. If your books are current and accurate, you can use the details they contain to make more educated choices and earn a better living.
The Bureau of Labor Statistics states that 20% of businesses fail in their first year and 50% of businesses fail in their fifth year. A few of the most cited reasons for a business to fail or under-perform is a lack of financial skills and planning, poor cash flow management, poor debtor management, and a lack of understanding of your business’s overall financial health.
Keep Your Company Financials Up-To-Date With SouthStartup’s Bookkeeping Services:
The Bureau of Labor Statistics states that 20% of businesses fail in their first year and 50% of businesses fail in their fifth year. A few of the most cited reasons for a business to fail or under-perform is a lack of financial skills and planning, poor cash flow management, poor debtor management, and a lack of understanding of your business’s overall financial health.
Keep Your Company Financials Up-To-Date With SouthStartup’s Bookkeeping Services:
Payday Made Easy
Payroll Processing
Doesn’t Have To Be Painful
Employers today realize that payroll has become a top time-consuming task. Beyond the role of accurate and timely employee salary compensation, it is also vital to protect your company’s reputation by ensuring compliance with local and state laws.
SouthStartup’s dedicated payroll services enable you to pay your employees on time while complying with HR laws.
Payday Made Easy
Payroll Processing Doesn’t Have To Be Painful
Employers today realize that payroll has become a top time-consuming task. Beyond the role of accurate and timely employee salary compensation, it is also vital to protect your company’s reputation by ensuring compliance with local and state laws.
SouthStartup’s dedicated payroll services enable you to pay your employees on time while complying with HR laws.
Mapping The Future
Financial Forecasting: Shaping The Future Of Your Business
As a business owner, you need to ensure that you allocate your finances to different processes and departments in the smartest way possible. This is where financial forecasting becomes crucial for businesses. A financial forecast is essentially a map for your business; it provides clear direction towards your business goals. In simple terms, it’s a financial budget or plan that estimates the projected income and projected expenses of your business.
SouthStartup's Financial Forecasting Includes:
Mapping The Future
Financial Forecasting: Shaping The Future Of Your Business
As a business owner, you need to ensure that you allocate your finances to different processes and departments in the smartest way possible. This is where financial forecasting becomes crucial for businesses. A financial forecast is essentially a map for your business; it provides clear direction towards your business goals. In simple terms, it’s a financial budget or plan that estimates the projected income and projected expenses of your business.
SouthStartup's Financial Forecasting Includes:
- Sales Forecast
- Expense Budget
- Cash-Flow Statement
- Income Projections
- Assets & Liabilities
- Pro Forma Statements
- Contingency Planning
- Break-Even Analysis
- Sales Forecast
- Expense Budget
- Cash-Flow Statement
- Income Projections
- Assets & Liabilities
- Pro Forma Statements
- Contingency Planning
- Break-Even Analysis
Always Thinking Ahead
Business Planning Is Like Creating a Blueprint For Your Business
Benjamin Franklin stated, “If you fail to plan, you are planning to fail”. A business plan is an indispensable tool for managing and growing your business. Well-crafted plans lay out both a vision for growth and the steps needed to get there. A plan is also an essential tool for attracting financing for your business and talented staff members as your business grows.
SouthStartup works with the client to understand their goals and vision, identify target markets and competition, and develop a custom-tailored business plan.
Always Thinking Ahead
Business Planning Is Like Creating a Blueprint For Your Business
Benjamin Franklin stated, “If you fail to plan, you are planning to fail”. A business plan is an indispensable tool for managing and growing your business. Well-crafted plans lay out both a vision for growth and the steps needed to get there. A plan is also an essential tool for attracting financing for your business and talented staff members as your business grows.
SouthStartup works with the client to understand their goals and vision, identify target markets and competition, and develop a custom-tailored business plan.
Healthy Balance Sheets
The Art Of
Liability Management
Having a successful company doesn’t always stop with the proper accounting practices, it’s also important to take into consideration your day-to-day liability management. The proper management of a company’s cash flow can reduce the risk of any financial loss from not meeting liabilities on time and increase profits.
SouthStartup has the experience and expertise to handle your various liability accounts and any collection issues that may arise along the way.
Healthy Balance Sheets
The Art Of Liability Management
Having a successful company doesn’t always stop with the proper accounting practices, it’s also important to take into consideration your day-to-day liability management. The proper management of a company’s cash flow can reduce the risk of any financial loss from not meeting liabilities on time and increase profits.
SouthStartup has the experience and expertise to handle your various liability accounts and any collection issues that may arise along the way.