Online Bookkeeping Services West Somerville, MA

Your financial statements aren’t just data in a spreadsheet, they are the foundation of your company’s growth. Whether you need to plan strategically, attract investors, or stay audit-ready, we deliver precise, fully compliant 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 net income so you can measure growth, spot patterns, and enhance profitability.
• Balance Sheet - A structured breakdown of your assets, liabilities, and equity, helping you assess your financial health.
• Cash Flow Statement - See exactly where your money is coming from and how it’s being spent, so you can keep finances under control and avoid cash shortages.
• Financial Ratios & KPI Analysis - We analyze key metrics like profit margins and liquidity ratios to uncover opportunities and red flags.
• Investor & Grant Reporting - Meticulously structured reports tailored for banks, investors, and philanthropic organizations to help you secure funding.

Well-prepared financial statements enhance credibility among investors, minimize uncertainties, and help you steer your business toward success that ensure scalability.

A strong financial plan is the key to business growth and stability. We create tailored budgets and forecasts to help you align with your goals, anticipate challenges, and optimize resource allocation.

What We Offer:

• Annual & Monthly Budgeting - Detailed financial plans built around historical trends, industry benchmarks, and long-term vision. 
• Revenue & Expense Forecasting - Insightful projections that help you prepare for future financial needs, ensuring sustainable cash flow. 
• Scenario Planning & Sensitivity Analysis - Best-case, worst-case, and expected-case financial models to equip you for changing market conditions.
• Budget vs. Actual Performance Tracking - Regular comparisons between your planned budget and real-world financial performance to adjust strategies proactively.

Effective budgeting and forecasting give you financial confidence, prevent cash flow surprises, and allow you to achieve financial stability.

Profitability doesn’t guarantee financial stability, cash flow does. 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 - 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 strengthen cash flow.
• Expense Tracking & Cost Control - Identify inefficiencies, cut non-essential costs, and increase margins.
• Emergency Fund Planning - Build financial reserves to create a safety net from economic uncertainty.
• Liquidity & Solvency Planning - Ensure your business achieves healthy financial ratios and is always ready to expand.

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

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

What We Do:

• Payroll Processing & Direct Deposits - Effortless handling of wages, contractor payments, and electronic payments.
• 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 year-end employee tax forms, 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 evaluations to identify mistakes, avoid penalties, and ensure compliance.

A error-free payroll system keeps your employees happy, shields you from lawsuits, and maintains regulatory adherence.

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.

What We Offer:

• Audit-Ready Financial Statements - Ensure all your financial reports are accurate and compliant.
• Internal Controls Assessment - Identify fraud risks, inaccuracies, and regulatory weaknesses before they become major issues.
• Nonprofit & Grant Compliance Audits - Specialized support for NGOs to stay grant-compliant and meet grantor requirements.
• IRS & Tax Audit Support - Full record-keeping, expert guidance, and compliance guidance 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 eliminates last-minute panic, keeps you legally secure, and shields your organization from costly penalties.

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

What We Offer:

• Profitability & Cost Analysis - 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 reduce tax burdens and increase savings.
• Investment Preparation & Funding Strategy - Prepare professional financial reports and presentations to attract investors or obtain funding with confidence.
• Financial Sustainability for Nonprofits - Expert guidance on fundraising, donor engagement, and cost-effective financial management to ensure long-term stability.

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