Virtual Bookkeeping Services Farmington, NM

Your financial statements aren’t just numbers on a page, they are the foundation of your company’s growth. Whether you need to plan strategically, secure funding, or meet regulatory requirements, we deliver accurate, audit-ready financial statements that provide a clear picture of your organization’s standing.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your revenue, outflows, and profits so you can measure growth, spot patterns, and adjust strategies.
• Balance Sheet - A concise overview of your resources, liabilities, and equity, helping you assess your financial health.
• Cash Flow Statement - See exactly your revenue sources and how it’s being spent, so you can keep finances under control and avoid cash shortages.
• 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 designed for banks, investors, and philanthropic organizations to help you win grants.

Well-prepared financial statements increase trust among investors, strengthen financial security, and help you make data-driven decisions that accelerate expansion.

A solid financial plan is the backbone to business growth and stability. We create customized budgets and forecasts to help you stay on track, anticipate challenges, and optimize resource allocation.

How We Help:

• Annual & Monthly Budgeting - Structured financial plans built around previous financial data, industry benchmarks, and long-term goals. 
• 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 expected-case financial models to enhance financial resilience.
• Budget vs. Actual Performance Tracking - Regular comparisons between your financial projections and actual financial performance to keep you on track.

Strategic budgeting and forecasting give you financial confidence, minimize unexpected shortfalls, and allow you to scale sustainably.

Generating revenue doesn’t guarantee financial stability, cash flow does. We help you manage your cash flow proactively so you can meet financial obligations, handle payroll, and invest in growth.

What We Offer:

• Cash Flow Projections - Immediate and future 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, reduce financial waste, and increase profitability.
• Emergency Fund Planning - Establish financial reserves to create a safety net from unforeseen challenges.
• 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 shut down, our expertise keeps you ahead of financial challenges.

Payroll mistakes can lead to dissatisfied workers, tax penalties, and regulatory violations. We manage your payroll, ensuring your team gets paid correctly, on time, and in complete alignment with legal requirements.

How We Help:

• Payroll Processing & Direct Deposits - Reliable handling of salaries, contractor payments, and electronic payments.
• Federal & State Payroll Tax Withholding - Accurate tax calculations to keep your business legally sound.
• Quarterly & Annual Tax Filings - We handle all employee tax reports, including W-2s, 1099s, and 941s.
• Benefits, Deductions & Overtime Compliance - Efficient management of medical coverage, 401(k) contributions, and overtime pay.
• Payroll Audits & Compliance Checks - Routine payroll reviews to catch errors, avoid penalties, and adhere to labor laws.

A well-structured payroll process ensures employee satisfaction, protects you from legal issues, and ensures compliance.

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, errors, and policy violations before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for NGOs to stay grant-compliant and meet reporting standards.
• 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 reduces stress, ensures compliance, and shields your organization from costly penalties.

Beyond bookkeeping and compliance, we provide expert advice to help you improve earnings, get financing, and make smarter business decisions.

What We Offer:

• Revenue and Expense Evaluation - Identify opportunities to boost revenue and cut unnecessary costs for a healthier bottom line.
• Strategic Tax Planning - Maximize deductions, leverage tax credits, and refine your tax strategy to minimize liabilities and retain more profits.
• Funding & Investor Readiness - Prepare professional financial reports and presentations to gain investor interest or secure business loans 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 thriving.