Virtual Bookkeeping Services Coram, NY

Your financial statements aren’t just data in a spreadsheet, they are the backbone of your company’s growth. Whether you need to plan strategically, attract investors, or meet regulatory requirements, we deliver meticulously prepared, audit-ready financial statements that provide a transparent overview of your company’s health.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a comprehensive summary of your revenue, expenses, and profits so you can track performance, spot patterns, and adjust strategies.
• Balance Sheet - A clear overview of your resources, liabilities, and equity, helping you assess your financial health.
• Cash Flow Statement - See exactly your revenue sources and where it’s going, so you can keep finances under control and eliminate cash flow surprises.
• Financial Ratios & KPI Analysis - We assess key metrics like profit margins and liquidity ratios to identify strengths and financial weaknesses.
• Investor & Grant Reporting - Professionally prepared reports customized for banks, investors, and grant agencies to help you secure funding.

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

A solid financial plan is the foundation to business growth and 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 - Structured financial plans based on previous financial data, market standards, and long-term vision. 
• 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 - Regular comparisons between your estimated finances and current financial performance to adjust strategies proactively.

Strategic budgeting and forecasting put you in control, prevent cash flow surprises, and allow you to grow with confidence.

Generating revenue doesn’t guarantee financial stability, steady cash flow is the real key. We help you manage your cash flow effectively so you can meet financial obligations, handle payroll, and invest in growth.

How We Help:

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

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

Payroll mistakes can lead to unhappy employees, tax penalties, and compliance issues. We manage your payroll, ensuring your team gets paid without errors, without delays, and in complete alignment with government policies.

What We Do:

• Payroll Processing & Direct Deposits - Effortless handling of wages, contractor payments, and direct bank transfers.
• Federal & State Payroll Tax Withholding - Accurate tax calculations to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all necessary payroll forms, including W-2s, contractor tax documents, and 941s.
• Benefits, Deductions & Overtime Compliance - Accurate management of health benefits, pension deductions, and extra hours compensation.
• Payroll Audits & Compliance Checks - Scheduled payroll inspections to prevent issues, stay ahead of regulations, and ensure compliance.

A reliable payroll system ensures employee satisfaction, protects you from legal issues, and maintains regulatory adherence.

Audits can be overwhelming, 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 are accurate and compliant.
• Internal Controls Assessment - Identify fraud risks, errors, and policy violations before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for charities to manage donor contributions and meet reporting standards.
• IRS & Tax Audit Support - Full record-keeping, 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 reduces stress, keeps you legally secure, and shields your organization from costly penalties.

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

What We Offer:

• Profitability & Cost Analysis - Identify opportunities to boost revenue and reduce expenses for a healthier bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to reduce tax burdens and increase savings.
• Funding & Investor Readiness - 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 surviving to expanding.