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Maintaining your small business finances in good
order is critical for several reasons. First, you need accurate
books to properly file your tax returns. Second, your bank, investors,
or other interested parties may require certain financial reports
on a regular basis. Most importantly, however, is that good bookkeeping
serves as an essential tool to get an accurate financial picture
of your business, which helps you make better business decisions
by allowing you to analyze profitable and unprofitable products
or activities.
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Outsourcing the "back-office" bookkeeping
function is an effective medium which allows you, as the business
owner, to free up considerable time and focus your resources
on the core functional activities of your business. Outsourced
bookkeeping services can result in improved efficiencies, cost
savings, access to financial expertise not available in-house,
and an improvement in your ability to monitor your business.
You can then focus your efforts on growing your business, instead
of spending hours performing “non-revenue” tasks.
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Many business
owners today opt to perform bookkeeping functions on their own
by using existing software such as Quickbooks™. These types of
software certainly offer business owners the flexibility to manage
their own finances, but our experiences dictate that there are
several limitations. First, to take full advantage of accounting
software, the business owner must have some comfort level and
knowledge of financial data and accounting language, which a
vast majority of small business owners lack. Our experiences
have shown us that all the hard work that a small business owner
may devote to performing their own bookkeeping, are often re-done
or entirely scrapped by professionals at the end of the year,
as they spot numerous technical errors. In fact, our experience
has shown that most business owners who initially purchase accounting
software, end up using them only for check-writing and invoicing
purposes, but leave the rest of the bookkeeping functions intact,
simply because they do not understand it fully, or because they
just don't have the time or patience to learn the software.
In addition, the option of purchasing such software has traditionally
been economically attractive, when compared to the costs of CPAs,
or other professional bookkeeping and tax services. Making an
initial investment on accounting software was believed to be
more cost-effective in the long term. This no longer holds true,
however, with SB Suite's low fees and its service guarantee.
Considering the time that business owners must devote each month
to maintaining their own books, and the opportunity cost of that
time, SB Suite's low-cost full-charge bookkeeping service makes
much more business sense.
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Three words describe
SB Suite: Experience, Quality, and Cost Savings. First, SB Suite
has the experience to service your small business. Our founders
served at one of the most prestigious accounting, tax and consulting
firms in the world. Our staff includes highly qualified financial
professionals including CPAs and seasoned accountants. Second,
we provide professional and quality service. We know small business,
and we ensure that our services are of the highest caliber. Third,
we save you money. Our bookkeeping fees are the lowest in the
industry. We even offer a low-price guarantee where we'll beat
any advertised bookkeeping fee.
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We serve small
businesses of all types in all industries. With a few exceptions,
we focus primarily on small businesses with less than $1million
in total annual revenue. This focus helps us master our field
and provide the best possible service to our clients.
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Our standard
reporting package for our monthly bookkeeping clients includes:
Check register, bank reconciliation, general ledger, trial balance,
income statement, and balance sheet. Other customizable reports
are also available.
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Absolutely. If
you are dissatisfied with our services for any reason, you may
cancel at anytime and we will not charge you for that month's
or quarter's bookkeeping.
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Yes. It is important
however, that you also provide the receipts behind those charges,
or clear descriptions of what each charge was for. This applies
particularly if you use your personal card for business purchases.
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Much like credit
card purchases, the best way to account for cash purchases is
by remitting receipts with a clear explanation of the nature
of the expense(s).
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Our policy is
to ensure that business owners send us their documents using
their existing capabilities. You can choose the method most convenient
to you: toll-free fax, email, or pre-paid mail/courier.
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We have found
that the most successful small business owners keep good records
and maintain a good record filing and retention policy. It is
important to keep all monthly bank statements, monthly cancelled
checks, credit card receipts, credit card statements, cash receipts,
and any important business documents in an organized filing system.
We recommend that you keep these documents sorted by month. This
makes it easier to send us your documents and also ensures that
your back-up documents are readily accessible should the need
arise. One easy and effective record retention method is to purchase
a scanner and save all your financial documents electronically.
By doing so, you can save space and prevent document loss.
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If you have any
questions regarding your reports or our services in general,
simply email us at customercare@sbsuite.com or call us toll-free.
Your complete satisfaction is of utmost important to us.
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You may pay for
our fees with your credit card, direct debit from your bank account,
or we can send you an invoice (5% service fee applies to invoices).
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Just click on “Sign
Up Now” at the top of the page and complete the short form. One
of our customer service representatives will contact you within
one business day to answer any questions you have, and to provide
you with a full custom quote. We will then send you all the information
you need to prepare and send your documents to us. The rest is
our job.
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