Virtual Bookkeeping Services Forest Hills, NY

Your financial statements aren’t just figures in a report, they are the backbone of your business’s success. Whether you need to make informed decisions, secure funding, or meet regulatory requirements, we deliver accurate, audit-ready financial statements that provide a clear picture of your company’s health.

What We Offer:

• Profit & Loss Statement (Income Statement) - Get a detailed breakdown of your revenue, expenses, and net income so you can track performance, recognize opportunities, and enhance profitability.
• Balance Sheet - A concise overview of your assets, liabilities, and equity, helping you understand where your business stands financially.
• Cash Flow Statement - See exactly your revenue sources and how it’s being spent, so you can maintain stability and prevent financial gaps.
• Financial Ratios & KPI Analysis - We evaluate key metrics like profit margins and liquidity ratios to spot areas for growth and red flags.
• Investor & Grant Reporting - Professionally prepared reports designed for financial institutions, investors, and funding bodies to help you raise capital.

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

A well-structured financial plan is the backbone to business growth and stability. We create tailored budgets and forecasts to help you align with your goals, prepare for uncertainties, and optimize resource allocation.

How We Help:

• Annual & Monthly Budgeting - Detailed financial plans based on historical trends, industry benchmarks, and long-term vision. 
• 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 keep you on track.

Effective budgeting and forecasting put you in control, prevent cash flow surprises, and allow you to achieve financial stability.

Generating revenue doesn’t guarantee financial stability, cash flow does. We help you manage your cash flow proactively so you can cover expenses, compensate your team, and invest in growth.

What We Offer:

• Cash Flow Projections - Immediate and future forecasts to prevent cash shortages and maintain stability.
• Accounts Payable & Receivable Optimization - Accelerated payments from clients and better vendor payment strategies to enhance cash flow.
• Expense Tracking & Cost Control - Identify inefficiencies, reduce financial waste, and increase margins.
• Emergency Fund Planning - Build & strengthen financial reserves to create a safety net from unforeseen challenges.
• Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always ready to expand.

Poor cash flow management is one of the biggest reasons businesses fail, our expertise protects your company from this risk.

Errors in payroll can lead to dissatisfied workers, tax penalties, and compliance issues. We manage your payroll, ensuring your team gets paid correctly, on time, and in full compliance with legal requirements.

How We Help:

• Payroll Processing & Direct Deposits - Effortless handling of salaries, contractor payments, and electronic payments.
• Federal & State Payroll Tax Withholding - Precise tax calculations to keep your business free from penalties.
• Quarterly & Annual Tax Filings - We handle all employee tax reports, including year-end employee tax forms, 1099s, and quarterly tax returns.
• Benefits, Deductions & Overtime Compliance - Proper management of health benefits, retirement plans, and labor law requirements.
• Payroll Audits & Compliance Checks - Scheduled payroll reviews to prevent issues, stay ahead of regulations, and adhere to labor laws.

A reliable payroll system ensures employee satisfaction, shields you from lawsuits, 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 error-free books and full compliance with regulations.

How We Help:

• Audit-Ready Financial Statements - Ensure all your financial reports meet audit requirements.
• Internal Controls Assessment - Identify vulnerabilities, errors, and compliance gaps before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for charities to track restricted funds and meet grantor requirements.
• IRS & Tax Audit Support - Full record-keeping, 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.

Being proactive with audits eliminates last-minute panic, ensures compliance, and shields your organization from costly penalties.

Beyond financial tracking and compliance, we provide professional financial insights to help you increase profitability, get financing, 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 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 secure business loans with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and efficient budgeting to ensure financial longevity.

The right financial strategy can take your business from surviving to expanding.