Virtual Bookkeeping Services Brookings, SD

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 accurate, 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, expenses, and net income so you can track performance, identify trends, and make smarter financial decisions.
• Balance Sheet - A structured breakdown of your assets, liabilities, and equity, helping you understand where your business stands financially.
• Cash Flow Statement - See exactly where your money is coming from and your expense distribution, so you can keep finances under control and avoid cash shortages.
• Financial Ratios & KPI Analysis - We analyze key indicators like profit margins and liquidity ratios to identify strengths and potential risks.
• Investor & Grant Reporting - Meticulously structured reports customized for financial institutions, investors, and grant agencies to help you raise capital.

Reliable financial statements enhance credibility among investors, strengthen financial security, and help you make data-driven decisions that accelerate expansion.

A well-structured financial plan is the backbone to long-term success and financial stability. We create tailored budgets and forecasts to help you stay on track, anticipate challenges, and make informed financial decisions.

What We Offer:

• Annual & Monthly Budgeting - Data-backed financial plans built around historical trends, industry benchmarks, and long-term vision. 
• Revenue & Expense Forecasting - Data-driven projections that help you prepare for future financial needs, ensuring financial preparedness. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and realistic-case financial models to enhance financial resilience.
• Budget vs. Actual Performance Tracking - Systematic comparisons between your estimated finances and current financial performance to keep you on track.

Strategic budgeting and forecasting put you in control, prevent cash flow surprises, and allow you to scale sustainably.

Generating revenue doesn’t guarantee financial stability, cash flow does. We help you take control of your cash flow proactively so you can stay operational, handle payroll, and scale your business.

How We Help:

• Cash Flow Projections - Short- and long-term forecasts to prevent cash shortages and sustain stability.
• Accounts Payable & Receivable Optimization - Accelerated payments from clients and efficient payables management to enhance cash flow.
• Expense Tracking & Cost Control - Spot wasteful spending, eliminate unnecessary expenses, and maximize financial efficiency.
• Emergency Fund Planning - Build financial reserves to create a safety net from economic uncertainty.
• Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always ready to expand.

Poor cash flow management is one of the top reasons businesses struggle, our expertise keeps you ahead of financial challenges.

Payroll mismanagement can lead to unhappy employees, tax penalties, and compliance issues. We take payroll off your plate, ensuring your team gets paid accurately, without delays, and in full compliance with government policies.

What We Do:

• Payroll Processing & Direct Deposits - Effortless handling of employee pay, contractor payments, and electronic payments.
• Federal & State Payroll Tax Withholding - Precise tax deductions to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all payroll-related tax documents, including W-2s, 1099s, and quarterly tax returns.
• Benefits, Deductions & Overtime Compliance - Proper management of medical coverage, retirement plans, and extra hours compensation.
• Payroll Audits & Compliance Checks - Regular payroll evaluations to prevent issues, avoid penalties, and adhere to labor laws.

A reliable payroll system ensures employee satisfaction, shields you from lawsuits, and maintains regulatory adherence.

Audits can be stressful, 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 Offer:

• Audit-Ready Financial Statements - Ensure all your financial reports pass audits with ease.
• Internal Controls Assessment - Identify fraud risks, errors, and regulatory weaknesses before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for NGOs to track restricted funds and meet funding guidelines.
• IRS & Tax Audit Support - Full paperwork preparation, expert guidance, 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 minimizes anxiety, keeps you legally secure, and protects your business from costly penalties.

Beyond financial tracking and regulatory adherence, we provide professional advice to help you increase profitability, secure funding, and make smarter business decisions.

What We Offer:

• Profitability & Cost Analysis - Identify opportunities to increase income and reduce expenses for a healthier bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and fine-tune your tax strategy to minimize liabilities and increase savings.
• Investment Preparation & Funding Strategy - Prepare comprehensive financial reports and presentations to attract investors or obtain funding with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on grant funding, donor engagement, and cost-effective financial management to ensure long-term stability.

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