Virtual Bookkeeping Services Farmington, CT

Your financial statements aren’t just figures in a report, they are the foundation of your company’s growth. Whether you need to plan strategically, secure funding, or ensure compliance, we deliver meticulously prepared, fully compliant financial statements that provide a transparent overview of your business’s financial position.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your earnings, outflows, and profits so you can track performance, recognize opportunities, and make smarter financial decisions.
• Balance Sheet - A clear overview of your assets, liabilities, and equity, helping you understand where your business stands financially.
• Cash Flow Statement - See exactly your revenue sources and your expense distribution, 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 spot areas for growth and red flags.
• Investor & Grant Reporting - Professionally prepared reports tailored for financial institutions, investors, and grant agencies to help you win grants.

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

A strong financial plan is the backbone to long-term success and stability. We create customized budgets and forecasts to help you stay on track, prepare for uncertainties, and optimize resource allocation.

How We Help:

• Annual & Monthly Budgeting - Data-backed financial plans built around historical trends, market standards, and long-term goals. 
• Revenue & Expense Forecasting - Insightful projections that help you anticipate future financial needs, ensuring steady growth. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and expected-case financial models to prepare your business for uncertainties.
• Budget vs. Actual Performance Tracking - Regular comparisons between your planned budget and current financial performance to adjust strategies proactively.

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

Profitability doesn’t guarantee 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 invest in growth.

How We Help:

• Cash Flow Projections - Short- and long-term forecasts to prevent cash shortages and sustain stability.
• Accounts Payable & Receivable Optimization - Faster invoice collections and efficient payables management to improve cash flow.
• Expense Tracking & Cost Control - Spot wasteful spending, eliminate unnecessary expenses, and maximize financial efficiency.
• Emergency Fund Planning - Establish financial reserves to protect your business from economic uncertainty.
• Liquidity & Solvency Planning - Ensure your business sustains healthy financial ratios and is always positioned for scaling.

Uncontrolled cash flow is one of the leading reasons businesses shut down, our expertise keeps you ahead of financial challenges.

Payroll mistakes can lead to unhappy employees, tax penalties, and regulatory violations. We handle payroll for you, ensuring your team gets paid accurately, without delays, and in full compliance with regulations.

How We Help:

• Payroll Processing & Direct Deposits - Effortless handling of wages, contractor payments, and direct bank transfers.
• Federal & State Payroll Tax Withholding - Accurate 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 - Accurate management of health benefits, retirement plans, and labor law requirements.
• Payroll Audits & Compliance Checks - Regular payroll reviews to catch errors, stay ahead of regulations, and adhere to labor laws.

A well-structured payroll process ensures employee satisfaction, protects you from legal issues, 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 accurate financial records and full compliance with regulations.

How We Help:

• Audit-Ready Financial Statements - Ensure all your financial reports pass audits with ease.
• Internal Controls Assessment - Identify vulnerabilities, inaccuracies, and compliance gaps before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for nonprofits to stay grant-compliant and meet grantor requirements.
• 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 minimizes anxiety, keeps you legally secure, and shields your organization from costly penalties.

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

What We Offer:

• Revenue and Expense Evaluation - Identify opportunities to increase income 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.
• 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.