We offer a flat hourly rate that works within your budget!
Small Businesses Accounting Services
Outsourced Accounting and Bookkeeping Services
We provide comprehensive online bookkeeping and accounting services for small businesses to help maintain financial clarity and achieve long-term success. Our services are tailored to meet the specific needs of your small business, ensuring that your financial operations are streamlined, accurate, and compliant with all relevant regulations.
Our accounting services include:
- Full-Cycle Accounting: Handling every aspect of your accounting, from transaction recording to closing the books at the end of each period.
- Financial Statement Preparation: Generating accurate income statements, balance sheets, and cash flow statements to give you a clear picture of your financial position.
- Budgeting & Forecasting: Assisting in developing realistic budgets and forecasts to guide strategic decision-making and future growth.
- General Ledger Management: Ensuring your general ledger is accurate and up to date, serving as the foundation for all your financial reports.
- Variance Analysis: Comparing actual performance against budgets to identify trends, address discrepancies, and improve financial outcomes.
- Accounts Payable & Receivable: Managing your payables and receivables to ensure smooth cash flow and maintain vendor and customer relationships.
- Reconciliation Services: Regularly reconciling bank, credit card, and other accounts to ensure accuracy and minimize discrepancies.
Our bookkeeping services ensure your financial records are accurate and up-to-date. We use the latest software and technology to handle all your bookkeeping needs, so you can focus on growing your business. These services emphasize your ability to provide detailed and actionable financial insights, helping clients make informed decisions. These services highlight the comprehensive nature of your bookkeeping offerings, ensuring clients understand the full scope of what you can manage for them.
Our bookkeeping services include:
- Recording Transactions: Accurate and timely entry of all financial transactions.
- Accounts Payable & Receivable: Managing invoices, bill payments, and collections.
- Bank Reconciliation: Ensuring bank statements match your company’s records.
- Expense Tracking: Monitoring and categorizing business expenses.
- General Ledger Maintenance: Keeping the general ledger up to date and accurate.
- Sales Tax Reporting: Calculating and preparing sales tax returns.
- Cash Flow Management: Monitoring and managing cash inflows and outflows.
We are committed to precision and transparency, and ensuring that your business’s financial health is effectively managed, empowering you to make informed decisions and focus on growing your business.
Small Businesses Accounting Services
Payroll Processing For Your Small Business
We handle all your small business bookkeeping and accounting, financial audits, employee payroll, financial reporting and business consulting. Our payroll processing services help you save time and money by handling all aspects of payroll management. From calculating employee wages to filing payroll taxes, we've got you covered.
Auditing Services For Small Businesses
Audit Preparation
We organize and prepare necessary documentation for audits that you may encounter. Our audit services help you ensure your small business accounting and bookkeeping are accurate and comply with all accounting standards. We have extensive experience conducting audits for small businesses of all sizes. We will organizing and prepare necessary documentation for audits.
Financial Management Services
Financial Reporting & Analysis
Financial management provides you with the ability to have financial reporting insights, helping you make informed decisions. It is the backbone of any successful business. It involves the strategic planning, organizing, and controlling of financial resources to ensure long-term profitability and sustainability.
At New Wave Accounting Services, we offer comprehensive financial management solutions to help your business thrive. Our services include:
- Monthly, Quarterly, and Annual Financial Statements: Preparation of income statements, balance sheets, and cash flow statements
- Financial Statements Preparation: Producing regular balance sheets, income statements, and cash flow statements.
- Custom Financial Reports: Tailored reports to meet specific business needs, including departmental or project-specific reports.
- Key Performance Indicators (KPIs) Tracking: Monitoring and reporting on critical financial metrics to gauge business health.
- Cash Flow Analysis: Detailed analysis of cash flow to ensure adequate liquidity for operations.
- Profitability Analysis: Identifying the most and least profitable areas of the business.
- Financial Forecasting: Predicting future financial performance based on historical data and trends.
- Year-End Reporting: Comprehensive reports for year-end review and planning.
- Variance Analysis: Identifying and explaining variances between actual and projected financial results.
Operational Services
Optimizing Your Business Processes
We specialize in streamlining your business processes to enhance efficiency and accuracy. Our tailored approach identifies bottlenecks and implements innovative solutions, reducing manual efforts and minimizing errors, which can save time, reduce costs, and minimize errors.
- Workflow Optimization: Analyzing and improving accounting and financial workflows to increase efficiency.
- Automation Implementation: Introducing software tools to automate repetitive tasks such as invoicing, payroll, and data entry.
- Document Management: Organizing and digitizing financial records for easy access and reduced paper usage.
- Expense Management Systems: Implementing systems for tracking and managing expenses efficiently.
- Purchasing Process Streamlining: Enhancing the purchasing process to ensure cost-effectiveness and reduce errors.
- Client Invoicing Process Improvement: Streamlining the invoicing process to improve cash flow and reduce delays.
- Standard Operating Procedures (SOPs): Developing clear and consistent procedures for all accounting and financial tasks.
- Internal Controls: Establishing and monitoring internal controls to safeguard assets and ensure accurate financial reporting.
- Integration of Accounting Systems: Connecting various financial tools and systems to ensure seamless data flow and reporting.
- Continuous Process Improvement: Regularly reviewing and refining processes to adapt to business growth and changes.
