Business Bookkeeping

Keeping accurate financial records is critical to the success of every business.  We at Bulls-Eye understand that.  Our strong business bookkeeping capabilities enable us to offer you a full range of services from the most basic routine financial management to complex analysis and problem solving.  Because of our many years of doing business, and our wide range of experience, we are particularly skilled at understanding your business accounting needs quickly and thoroughly.  We will be able to assist you in the most appropriate way - anything from simply helping you with data entry to converting your entire accounting system from one software to another.

Basic Financial Services:
We can assist you with all your basic financial tasks:  accounts receivable, accounts payable, payroll, bank account reconciliations, order entry, monthly and quarterly taxes,
Financial Statements, and budgeting.   We can help you create your customer list and design custom invoices for your billings.  We can help you enter and pay your bills.  We can set up and execute your payroll.  We can reconcile your bank accounts.  We can help you do order entry and manage your inventory.  We can also do your quarterly taxes whether they are payroll or business, federal or local*.  We can help you create financial statements and set up your budget.  Bulls-Eye Bookkeeping can serve as your accounting department or your CFO.  Whatever your accounting needs, Bulls-Eye Bookkeeping can help you . 

 Accounting System Analysis:
Bulls-Eye Bookkeeping begins your accounting system analysis by evaluating your financial data.  We look at what it is comprised of, how it appears, and its reliability.  We look at the systems you are using to accumulate and present your financial information, from your source documents to your final product.  We look at your chart of accounts, the format and presentation of your Balance Sheet and your Profit and Loss Statements, and we look for information that doesn't seem correct, or might be out of place. 

We can tell you if the information as it is presented "makes sense". We can tell you if there are numbers that don't appear to be in the right places, or don't appear to reflect accurate information. 

At the same time we can help you assess the appropriateness of the software you are using.  We have experience with many different accounting software applications and we can help you find, and convert your information to the software that will be best for you.

Sometimes you just need an outside person to take a fresh look at the way you are doing things and at who is doing them.  We can offer you an impartial and accurate appraisal of your systems, your data, your software, and your staff.

Accounting System Conversion:
If the decision is made to either convert your accounting system from one software to another, or to go from a manual system to a computerized system, you have a big job ahead of you!  A project such as this requires a carefully thought out strategy.  Every bit of your financial data must be analyzed, organized, recorded, and transferred.  Your financial information must survive the transition in perfect working order, and you must be secure in your knowledge that it has been converted accurately and completely. 

Bulls-Eye Bookkeeping can help you plan and execute this conversion, giving you the right tools to make the conversion and assuring you that your information will be transferred safely and accurately.

Tax Status Analysis:
Not sure if your payroll tax deposits have been made correctly, or on time?  Wondering if you owe B&O taxes to the State of Washington?  Not sure whether or not you owe taxes to your local City?  We can take a look at your financial information and determine exactly what taxes you owe and to whom.  Bulls-Eye Bookkeeping can team up with your CPA to make sure that your Federal Estimated Payments are made in a timely manner and in the correct amounts.  Any type of tax payments that are made late will carry heavy penalties, sometimes up to as much as 25%!  Don't let that happen to you.  If you are not sure what you owe, let us help you figure it out.

Financial Statements:
Bulls-Eye Bookkeeping can help you create your Balance Sheet and Profit and Loss:  we know what it takes to create financial statements that make sense and are useful to you.  They are your most important business tool.  We can help you architect your chart of accounts so that your information flows onto your financial statements to reflect the information you are really interested in, and want to see.  We can help you assemble the information you need, and help you assure its accuracy.  If we are helping you with your business set up, we will make sure that your statements are built right from the beginning.  Early organization of your financial statements will ensure reliable reports later on.

Custom Report Design:
If you feel like your financial information has answers to questions you are asking about your business, but you don't know how to extrapolate it, let us help you design customized reports that will tell you what you want to know.  Bulls-Eye Bookkeeping can help you filter out the data you really need and want to see from the information you have.  We can design reports to help you manage every aspect of your business - besides the Balance Sheet and Profit and Loss, we can help you better understand your payroll, budgets, job costing, margins, whatever you want to see.  We can even custom design reports to help you see your activity by divisions or departments.  Tell us what you want to know, and we will show you how to find it and record it on a customized financial report.

Budget Design and Review:
Wondering where all your money went?  If you want to create a custom budget for your business, and want to use it to measure your income and spending against projections, let Bulls-Eye Bookkeeping help you create, record, and implement a budget.  We have lots of experience available to help you understand how your business is performing in relation to others in your industry, and to understand where your dollars are going.  Let us help you get the information you need to reign in your spending and increase your margins.  We will help you produce the accurate information you need to create a workable and reliable budget.  We can even help you do it by department. 

Communication and problem solving with other financial professionals and tax agencies:
We at Bulls-Eye Bookkeeping speak "the language".  We can help you communicate with your CPA, your bank, your investors, your lenders, your tax agencies - anyone in the financial industry.  If you are receiving tax notices you can't decipher,  requests from your loan officers you don't know how to fulfill, or even a list of items your CPA needs to do your taxes and you feel lost or overwhelmed, we are here for you.  We can be your liaison, and your advocate to help provide other financial professionals with the information they need to complete what they are doing on your behalf.  We will be happy to not only help you assemble any financial information you need to have, but we can actually communicate with other financial professionals for you.  We not only will help you assemble the requested information, we will explain it!

Additional Services:
There are many other additional services Bulls-Eye Bookkeeping can offer.  If you need accounting assistance on a short term basis to help cover for temporary staff absences (illness, vacations, maternity leave) who better to fill in than someone you know and trust, and who knows your business?  We can also help you with your special projects, such as spread sheet set up, audit preparation and advocacy, or interviewing potential accounting personnel.  Just let us know how we can be of assistance and we will be happy to provide you with the services we can offer you, and our very competitive rates.




*Washington State and Washington State cities.

 

 

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