Virtual Bookkeeping Services American Fork, UT

Your financial statements aren’t just figures in a report, they are the foundation of your company’s growth. Whether you need to plan strategically, attract investors, or ensure compliance, we deliver meticulously prepared, fully compliant financial statements that provide a transparent overview of your organization’s standing.

How We Help:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your earnings, outflows, and profits so you can measure growth, spot patterns, and make smarter financial decisions.
• Balance Sheet - A concise overview of your assets, liabilities, and equity, helping you assess your financial health.
• Cash Flow Statement - See exactly your revenue sources and how it’s being spent, so you can maintain stability and avoid cash shortages.
• Financial Ratios & KPI Analysis - We evaluate key indicators like profit margins and liquidity ratios to uncover opportunities and financial weaknesses.
• Investor & Grant Reporting - Professionally prepared reports customized for banks, investors, and grant agencies to help you raise capital.

Accurate financial statements build confidence among investors, strengthen financial security, and help you steer your business toward success that drive growth.

A strong financial plan is the backbone to business growth and financial stability. We create customized budgets and forecasts to help you maintain control, anticipate challenges, and steer your business with confidence.

What We Offer:

• Annual & Monthly Budgeting - Detailed financial plans built around historical trends, market standards, and future goals. 
• Revenue & Expense Forecasting - Data-driven projections that help you anticipate future financial needs, ensuring steady growth. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and realistic-case financial models to equip you for changing market conditions.
• Budget vs. Actual Performance Tracking - Systematic comparisons between your financial projections and current financial performance to keep you on track.

Proactive budgeting and forecasting put you in control, minimize unexpected shortfalls, and allow you to grow with confidence.

Profitability doesn’t guarantee financial stability, steady cash flow is the real key. We help you manage your cash flow proactively so you can cover expenses, pay employees, and invest in growth.

How We Help:

• Cash Flow Projections - Short- and long-term forecasts to ensure financial security and sustain stability.
• Accounts Payable & Receivable Optimization - Accelerated payments from clients and better vendor payment strategies to strengthen cash flow.
• Expense Tracking & Cost Control - Spot wasteful spending, eliminate unnecessary expenses, and increase profitability.
• Emergency Fund Planning - Build & strengthen financial reserves to shield your company from economic uncertainty.
• Liquidity & Solvency Planning - Ensure your business maintains healthy financial ratios and is always ready to expand.

Poor cash flow management is one of the leading reasons businesses shut down, our expertise protects your company from this risk.

Payroll mismanagement can lead to dissatisfied workers, tax penalties, and legal trouble. We manage your payroll, ensuring your team gets paid correctly, on time, and in full compliance with legal requirements.

What We Do:

• Payroll Processing & Direct Deposits - Seamless handling of wages, contractor payments, and direct bank transfers.
• Federal & State Payroll Tax Withholding - Error-free tax calculations to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all payroll-related tax documents, including year-end employee tax forms, contractor tax documents, and 941s.
• Benefits, Deductions & Overtime Compliance - Accurate management of medical coverage, 401(k) contributions, and overtime pay.
• Payroll Audits & Compliance Checks - Scheduled payroll evaluations to prevent issues, avoid penalties, and ensure compliance.

A well-structured payroll process keeps your employees happy, shields you from lawsuits, and keeps you in good standing with labor laws.

Audits can be nerve-wracking, but they don’t have to be. We help you stay audit-ready year-round with error-free books and full compliance with regulations.

What We Do:

• Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
• Internal Controls Assessment - Identify fraud risks, inaccuracies, and regulatory weaknesses before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for nonprofits to track restricted funds and meet reporting standards.
• IRS & Tax Audit Support - Full record-keeping, representation, and IRS communication support if you’re audited.
• Pre-Audit Preparation & Risk Mitigation - We analyze your books to spot potential red flags before an audit begins.

Staying audit-ready reduces stress, keeps you legally secure, and protects your business from costly penalties.

Beyond bookkeeping and regulatory adherence, we provide professional financial insights to help you increase profitability, get financing, and enhance decision-making.

What We Offer:

• Revenue and Expense Evaluation - Identify opportunities to increase income and reduce expenses for a stronger bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to reduce tax burdens and retain more profits.
• Investment Preparation & Funding Strategy - Prepare comprehensive financial reports and presentations to gain investor interest or obtain funding with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure financial longevity.

The right financial strategy can take your business from stagnant to thriving.