Make Better Business Decisions with Real-Time Financial Data
Supporting Strategies will transform the financial management of your business. Our experienced small business operations professionals will provide you with a standard monthly financial package, including balance sheet, income statement and statement of cash flows. With real-time financial data, you can make better business decisions, such as forestalling potential cash flow issues that could occur months from now.
Financials, Planning, and Analysis
Financial insight is an important part of operating a small business. Supporting Strategies provides bookkeeping services that include higher level services, such as management reporting. 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.
Flexible, Affordable Business Operations Support Service Offerings
Supporting Strategies has been perfecting business operations support since 2004. When you work with Supporting Strategies, there’s no need to hire a controller, an HR administrator or an accounts payable manager. We can fill all those functions, giving your business one comprehensive, cost-effective, long-term solution for your small business operations. Here are several of the services we provide:
Expense and Accounts Payable Management
At Supporting Strategies, as part of our small business operations services, we 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.
Revenue Recognition, Customer Invoicing, and Accounts Receivable
A key part of your business is receiving timely payment for your products and services. Supporting Strategies provides the business operations support you need and can help you with customer invoicing, as well as with streamlining your collections processes to ensure for strong cash flow. Supporting Strategies prepares and sends invoices, reviews A/R aging and then follows up with your clients on collections. We also record revenue and sales receipts, post and apply bank deposits, update client deposit reconciliations as needed and prepare and submit sales-tax filings. When appropriate, we save relevant supporting documentation.
Bookkeeping and Month-End Close
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. To ensure your financial information is accurate, Supporting Strategies will help business leaders who are operating a small business by performing a monthly closing process to make sure everything is accounted for and will post month-end adjusting entries. We’ll manage inventory activity, manage credit card payment activity, and track customer profitability. We also support additional categorization, such as class or project accounting.
Payroll and Human Resource Administration
As part of our business operations support, 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. Your Supporting Strategies team will answer your employees’ questions about how much paid time off they have remaining or how many sick days they have used. When you hire a new employee or when an existing employee leaves, Supporting Strategies manages the process and takes care of the paperwork — all in accordance with your company’s payroll and HR policies.
Hear From Supporting Strategies Bookkeeping and Business Operations Services Clients
When you are operating a small business, you want to make sure you have expert advice and guidance for each aspect of your business. Learn from other business owners how Support Strategies helped them with professional bookkeeping and business operations services.