Online Bookkeeping Services Beverly, MA

Your financial statements aren’t just numbers on a page, they are the foundation of your company’s growth. Whether you need to make informed decisions, attract investors, or ensure compliance, we deliver precise, fully compliant financial statements that provide a transparent overview of your business’s financial position.

How We Help:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your earnings, outflows, and net income so you can track performance, spot patterns, and adjust strategies.
• Balance Sheet - A structured breakdown of your assets, debts, 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 eliminate cash flow surprises.
• Financial Ratios & KPI Analysis - We assess key indicators like profit margins and liquidity ratios to uncover opportunities and financial weaknesses.
• Investor & Grant Reporting - Meticulously structured reports designed for financial institutions, investors, and philanthropic organizations to help you raise capital.

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

A strong financial plan is the foundation to long-term success and stability. We create customized budgets and forecasts to help you maintain control, anticipate challenges, and optimize resource allocation.

What We Offer:

• Annual & Monthly Budgeting - Detailed financial plans based on previous financial data, market standards, and long-term vision. 
• Revenue & Expense Forecasting - Data-driven projections that help you prepare for future financial needs, ensuring sustainable cash flow. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and expected-case financial models to equip you for changing market conditions.
• Budget vs. Actual Performance Tracking - Systematic comparisons between your financial projections and actual financial performance to adjust strategies proactively.

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

Generating revenue doesn’t ensure financial stability, steady cash flow is the real key. We help you take control of your cash flow effectively so you can cover expenses, handle payroll, and scale your business.

What We Offer:

• Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and sustain stability.
• Accounts Payable & Receivable Optimization - Faster invoice collections and efficient payables management to strengthen cash flow.
• Expense Tracking & Cost Control - Identify inefficiencies, cut non-essential costs, and increase margins.
• Emergency Fund Planning - Build & strengthen financial reserves to protect your business from economic uncertainty.
• Liquidity & Solvency Planning - Ensure your business maintains healthy financial ratios and is always positioned for scaling.

Poor cash flow management is one of the biggest reasons businesses fail, our expertise ensures yours doesn’t.

Errors in payroll can lead to dissatisfied workers, tax penalties, and regulatory violations. We take payroll off your plate, ensuring your team gets paid correctly, on time, and in full compliance with legal requirements.

How We Help:

• Payroll Processing & Direct Deposits - Reliable handling of wages, contractor payments, and electronic payments.
• Federal & State Payroll Tax Withholding - Accurate tax withholding to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all payroll-related tax documents, including year-end employee tax forms, 1099s, and 941s.
• Benefits, Deductions & Overtime Compliance - Efficient management of health benefits, 401(k) contributions, and labor law requirements.
• Payroll Audits & Compliance Checks - Regular payroll inspections to catch errors, avoid penalties, and ensure compliance.

A well-structured payroll process ensures employee satisfaction, safeguards your business, 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 meticulously maintained accounts and full compliance with regulations.

What We Offer:

• Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
• Internal Controls Assessment - Identify financial discrepancies, errors, and regulatory weaknesses before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for nonprofits to stay grant-compliant and meet reporting standards.
• IRS & Tax Audit Support - Full paperwork preparation, expert guidance, and IRS communication support if you’re audited.
• Pre-Audit Preparation & Risk Mitigation - We review your records to spot potential red flags before an audit begins.

Being proactive with audits minimizes anxiety, ensures compliance, and shields your organization from costly penalties.

Beyond financial tracking and compliance, we provide professional advice to help you increase profitability, secure funding, and enhance decision-making.

What We Offer:

• Revenue and Expense Evaluation - Identify opportunities to boost revenue and cut unnecessary costs for a stronger bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to minimize liabilities and increase savings.
• Investment Preparation & Funding Strategy - Prepare professional financial reports and presentations to attract investors or secure business loans with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure long-term stability.

The right financial strategy can take your business from surviving to expanding.