Small
Business
Management
With the SBS Small Business Management Team, you receive services essential to small business operations, such as:
Bookkeeping & Accounting
- active or passive A/R, A/P
- bank and credit card reconciliations
- debt service
- posting payroll entries
- period-end journal entries
Finance & Budgeting
- Line of Credit applications and renewals
- cash-flow management
- funds transfers
- cash reserves
- budgets
Management
- collection processes and implementation
- trouble-shooting irregular or over charges
- formation of company policies for reimbursement and credit card usage
- payroll submission
Internal Reporting
- financial statements
- cash position reports
- budget to actual reports, financial projections, cash-flow projections
- Job and Project costing reports
- A/R Aging reports
Agency Reporting
- Sales and Use Tax Returns
- Business Personal Property Tax Returns
- Business License applications or renewals
- amended or appealed returns
Good financial management starts with software that combines a traditional general ledger accounting system with additional financial management functions.
To bring you the best service, the SBM Team completes a yearly certification on QuickBooks by Intuit, our software of choice. For your business, we may use QuickBooks Pro, or QuickBooks Online.
The Small Business Management Team will train you or your accounting department on key functions, such as:
- Installing software
- Creating Chart of Accounts customized by industry and reporting needs
- Setting up classes for job and project costing, if applicable
- Create customized templates for invoicing, including logo and payment information
- Addressing client and employee reimbursed expenses
- Entering beginning balances from prior year tax returns
- Reconciling and set up equity accounts
Oversight and Special Projects
Quarterly Review Process
- All transactions are reviewed by a senior consultant.
- Account balances are reviewed and tied back to third party documents.
- Missing checks, voided checks and bank reconciliations are handled.
Annual Review Process
- Prior to tax preparation, SBS clients forward the company’s QuickBooks file for review.
- Typical adjustment areas are interest expense, depreciation/amortization, loan balances, cash accounts, and capital asset determination.
You assign the comptroller role to us – meaning a Small Business Management Team member will oversee the financial and accounting tasks of your organization. This includes the above review processes but also involves special tracking projects such as commissions and meetings with owners or principals.
Project Work
- Annual compilation of data and reconciliation
- Clean-up on accounting files that contain a volume of transactions and several operating and money market accounts.
Whether your business falls under Non-Profit, Real Estate, Design & Creative, Retail & Restaurants, and Sales & Service, the Small Business Management Team is here to serve you.
Learn about our other services
The Small Business Services team helped us plan, implement, and put in place a successful strategy for growth.
Dana Hayworth
Metadesign
The competent, personal services at SBS have enabled me to develop two successful businesses that run smoothly today without my daily presence.
Clay Harper
Fellini’s & La Fonda