Virtual Bookkeeping Services Co-Op City, NY

Your financial statements aren’t just numbers on a page, they are the backbone of your business’s success. Whether you need to make informed decisions, secure funding, or stay audit-ready, we deliver accurate, audit-ready financial statements that provide a clear picture of your business’s financial position.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your earnings, expenses, and profits so you can measure growth, recognize opportunities, and adjust strategies.
• Balance Sheet - A concise overview 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 where it’s going, so you can keep finances under control and eliminate cash flow surprises.
• Financial Ratios & KPI Analysis - We evaluate key indicators like profit margins and liquidity ratios to spot areas for growth and red flags.
• Investor & Grant Reporting - Professionally prepared reports customized for banks, investors, and grant agencies to help you secure funding.

Well-prepared financial statements enhance credibility among investors, strengthen financial security, and help you make data-driven decisions that ensure scalability.

A well-structured financial plan is the foundation to business growth and financial stability. We create tailored budgets and forecasts to help you align with your goals, mitigate risks, and steer your business with confidence.

How We Help:

• Annual & Monthly Budgeting - Data-backed financial plans built around historical trends, industry benchmarks, and long-term goals. 
• Revenue & Expense Forecasting - Insightful 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 - Ongoing comparisons between your financial projections and current financial performance to adjust strategies proactively.

Proactive budgeting and forecasting put you in control, minimize unexpected shortfalls, and allow you to achieve financial stability.

Profitability doesn’t ensure financial stability, cash flow does. We help you manage your cash flow effectively so you can meet financial obligations, compensate your team, and invest in growth.

What We Offer:

• Cash Flow Projections - Immediate and future forecasts to ensure financial security and maintain stability.
• Accounts Payable & Receivable Optimization - Accelerated payments from clients and better vendor payment strategies to improve cash flow.
• Expense Tracking & Cost Control - Spot wasteful spending, reduce financial waste, 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.

Uncontrolled cash flow is one of the top reasons businesses shut down, our expertise ensures yours doesn’t.

Errors in payroll can lead to unhappy employees, tax penalties, and compliance issues. We take payroll off your plate, ensuring your team gets paid correctly, on time, and in complete alignment with regulations.

What We Offer:

• Payroll Processing & Direct Deposits - Seamless handling of wages, contractor payments, and automatic deposits.
• Federal & State Payroll Tax Withholding - Accurate tax deductions to keep your business free from penalties.
• Quarterly & Annual Tax Filings - We handle all necessary payroll forms, including year-end employee tax forms, contractor tax documents, and 941s.
• Benefits, Deductions & Overtime Compliance - Proper management of health benefits, 401(k) contributions, and labor law requirements.
• Payroll Audits & Compliance Checks - Routine payroll evaluations to identify mistakes, avoid penalties, and maintain legal standing.

A reliable payroll system ensures employee satisfaction, shields you from lawsuits, and ensures compliance.

Audits can be overwhelming, but they don’t have to be. We help you stay audit-ready year-round with accurate financial records 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 compliance gaps before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for charities to manage donor contributions and meet funding guidelines.
• IRS & Tax Audit Support - Full documentation, representation, 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.

Maintaining audit preparedness eliminates last-minute panic, ensures compliance, and shields your organization from costly penalties.

Beyond bookkeeping and regulatory adherence, we provide expert advice to help you increase profitability, get financing, 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 fine-tune your tax strategy to reduce tax burdens and retain more profits.
• Investment Preparation & Funding Strategy - Prepare professional financial reports and presentations to gain investor interest or obtain funding with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on grant funding, donor engagement, and efficient budgeting to ensure financial longevity.

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