Expense & Accounts Payable Management
At Supporting Strategies, our outsourced bookkeeping services will keep your books in order. When you receive a bill, Supporting Strategies will process it. We will administer your employees’ expense reports, issue and track vendor purchase orders, and track credit card expenses and receipts. And what about your independent contractors? We’ll manage the paperwork and prepare the 1099s for them as well.
Customer Invoicing, Accounts Receivable, and Revenue Recognition
A key part of your business is receiving timely payment for your products and services. Supporting Strategies can help you with customer invoicing, as well as with streamlining your collections processes to ensure for strong cash flow. In addition, we make sure to record your revenue accurately so you get timely information on your business’ performance.
A key to a successful business is to keep track of the numbers to see what parts of the business are working and what needs improvement. Supporting Strategies ensures all transactions are accurately captured in the books. In our month-end close and review process, we make necessary journal entry adjustments, reconcile balance sheet accounts and verify accuracy of income statements. We also support additional categorization, such as class or project accounting.
Supporting Strategies delivers a standard monthly financial package, including balance sheet, income statement and statement of cash flows. We also provide additional management reporting to meet client needs. This may include cash reporting, budget vs. actual analysis and/or a key performance indicators dashboard. We assist with preparing budgets and forecasts and provide analysis on performance against plan. In addition, we fulfill requests from your CPA and field and coordinate filings with state or other government agencies.
Supporting Strategies handles many aspects of payroll administration, including setup, processing, and journal entries and reconciliations. We also help with benefits administration, such as payroll deductions for benefit plans, paid and sick time-off tracking and monitoring retirement plan contributions and limits. In the area of employment assistance, we assist with new hire/termination coordination and manage the employee master file, including following up on missing information/documentation.
An Outsourced Bookkeeping Partner
Supporting Strategies will act as a partner to your business — offering the bookkeeping expertise and skills you need at the levels you need, up to and including CFO. And it all comes without the added expense and responsibility of hiring and managing new employees.
Streamline Your Business
Our experienced U.S.-based professionals use secure, best-of-breed technology and a proven process to deliver a full suite of services. We start with efficient, standardized processes that we can customize to fit your company's unique needs. Our team-based workflow model means checks and balances are always in place, minimizing the likelihood of errors.
As an outsourced bookkeeping services provider, we can deliver an outsider's perspective on your business combined with an insider's insight. With a more efficient bookkeeping process, you will have more time to focus on growing your business.
Set Up Systems That Scale With Business Growth
We collaborate with your team using highly secure, best-of-breed cloud accounting tools, including WorkPlace™, our proprietary workflow management system, and the latest third-party solutions. With outsourced bookkeeping services from Supporting Strategies, you will have systems in place that will scale with business growth.
Gain Financial Insight
Supporting Strategies offers higher-level bookkeeping services that provide business leaders with financial insight. In addition to the monthly financial package we deliver, we can work with you to determine and report on Key Performance Indicators (KPIs). Depending on your business, KPIs could include cash reporting and budget versus actual analysis.
You can help prevent mistakes and even fraud by establishing built-in controls and segregating duties. As a small business owner, you know how difficult that can be to achieve. An outsourced bookkeeping services provider will help solve this problem for you by setting up proven processes and systems to implement controls. With a team approach, it is easy to segregate duties and help prevent the possibility of fraud.
Hear From Our Clients
From providing day-to-day outsourced bookkeeping services to higher-level controller services including financial analysis and planning, our goal is to help your business succeed.