Virtual Bookkeeping Services Burnsville, MN

Your financial statements aren’t just figures in a report, they are the foundation of your business’s success. Whether you need to plan strategically, attract investors, or meet regulatory requirements, we deliver accurate, fully compliant financial statements that provide a transparent overview of your organization’s standing.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your revenue, outflows, and net income so you can measure growth, identify trends, and adjust strategies.
• Balance Sheet - A clear overview of your resources, 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 maintain stability and prevent financial gaps.
• Financial Ratios & KPI Analysis - We evaluate key indicators like profit margins and liquidity ratios to uncover opportunities and potential risks.
• Investor & Grant Reporting - Meticulously structured reports customized for financial institutions, investors, and funding bodies to help you win grants.

Reliable financial statements increase trust among investors, minimize uncertainties, and help you steer your business toward success that accelerate expansion.

A well-structured financial plan is the key to long-term success and financial stability. We create customized budgets and forecasts to help you align with your goals, prepare for uncertainties, and make informed financial decisions.

What We Offer:

• Annual & Monthly Budgeting - Detailed financial plans based on previous financial data, industry benchmarks, and future goals. 
• Revenue & Expense Forecasting - Comprehensive 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 - Regular comparisons between your planned budget and current financial performance to keep you on track.

Strategic budgeting and forecasting give you financial confidence, prevent cash flow surprises, and allow you to scale sustainably.

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

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 maximize financial efficiency.
• Emergency Fund Planning - Establish financial reserves to shield your company from unexpected downturns.
• Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always prepared for growth opportunities.

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

Payroll mismanagement can lead to dissatisfied workers, tax penalties, and legal trouble. We manage your payroll, ensuring your team gets paid correctly, punctually, and in complete alignment with legal requirements.

What We Offer:

• Payroll Processing & Direct Deposits - Reliable handling of wages, contractor payments, and direct bank transfers.
• Federal & State Payroll Tax Withholding - Error-free tax withholding to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all employee tax reports, including year-end employee tax forms, 1099s, and 941s.
• Benefits, Deductions & Overtime Compliance - Accurate management of medical coverage, 401(k) contributions, and labor law requirements.
• Payroll Audits & Compliance Checks - Regular payroll reviews to prevent issues, stay ahead of regulations, and adhere to labor laws.

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

Audits can be overwhelming, 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 are accurate and compliant.
• Internal Controls Assessment - Identify fraud risks, inaccuracies, and compliance gaps before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for NGOs to stay grant-compliant and meet grantor requirements.
• IRS & Tax Audit Support - Full record-keeping, expert guidance, and legal adherence if you’re audited.
• Pre-Audit Preparation & Risk Mitigation - We analyze your books to spot potential red flags before an audit begins.

Maintaining audit preparedness minimizes anxiety, ensures compliance, and shields your organization from costly penalties.

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

What We Offer:

• Profitability & Cost Analysis - Identify opportunities to boost revenue 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 professional financial reports and presentations to attract investors or obtain funding 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 stagnant to expanding.