Accounting Services Options

Bookkeeping Services

A good financial basis for any business starts with day to day best practices. Bookkeeping is just that! It’s the proper recording and organizing all of your business transactions.

And doing this consistently and correctly means keeping good track of cash coming in and going out, recording invoices and payments and simply providing a clear picture of what’s happening on a daily basis.

But since this simple set of tasks is such an important foundation for business operations, it pays to have a real professional do it.

There are many bookkeeping services in the Tampa Bay area – Tampa, St. Petersburg, Clearwater and beyond are full of individuals competent in the use of QuickBooks.

But ClientsFIRST Accounting has some real advantages over these solopreneurs:

  • We understand the entire accounting process and the roll it takes in growth. Bookkeeping services from a FULL service outsourced accounting firm provides a conscious foundation for your accounting department, taxes and growth.
  • There are no “bookkeepers”. That may be a title that’s used, but ClientsFIRST doesn’t employ 1 dimensional people. The personnel taking care of your bookkeeping are professionals that know what each transaction means and why it’s recorded how it is.
  • Our bookkeeping services are designed to not just make your current accounting teams or CPAs job easier. Their designed so that as you grow – and you will! – the rest of our outsourced accounting teams is set up to step in and help.

Outsourced Accounting | Revenue and Accounts Receivable

Part of our Bookkeeping Services

Invoices, reviewing Accounts Receivable, and even managing financial communications with your clients are all part of our Outsourced Accounting Services.

We also:

  • Record revenue and sales receipts
  • Post and apply bank deposits
  • Update client deposit reconciliations
  • Capture and categorize data from Accounts Payable invoices
  • Categorize and record Accounts Receivable to the proper accounts
  • Ensure bank, credit cards, and other account reconciliations are being completed accurately
  • Define policies and procedures for well-managed AR processing

And everything an internal Accounts Receivable person would do internally, as part of YOUR team.

There’s no great trust you’re offering an outsourced accounting partner than handling your businesses revenue. We take that seriously and promise that only our most experienced team members participate.

This and all of our outsourced services are subject to internal review on a regular basis – you can have confidence it’s right!

Outsourced Accounting | Accounts Payable and Expenses

Part of our Bookkeeping Services

Clients FIRST Accounting Services will handle all your Accounts Payable, including credit card expense transactions and vendor and supply invoices. Plus, if you have contractors we’ll make sure they’re paid and handle all of the State and IRS paperwork that comes with that.

Regular reporting on expenses, identification of trends and anomalies are all part of the ClientsFIRST services. And catching an unnoticed vendor price increase, shipping, or contractor expense trend can make all the difference in the bottom line at the end of the quarter.

Outsourced Accounting | Month End Closing

At the end of each month your Clients FIRST Accounting Services will prepare you books for the month-end closing.

This will serve to make it simple to file your tax returns – which your CPA will appreciate – and also as a final review of the month’s financial activity.

A monthly review and Q&A regarding your closing package will often lead to finding opportunities for profit and growth, or areas that might benefit from more attention. That leads us to the final outsourced service…

Payroll Services

At Clients FIRST Accounting Services, we make payroll processing for your company easy, affordable, and hassle-free.  You will have a dedicated payroll specialist that will take care of all your payroll needs.  When you have any questions, you will be greeted by your dedicated payroll specialist and not a 1-800 number. 

  • All you need to do is provide us with the payroll information and we will handle the rest.
  • We will be electronically deposited into your employee’s bank accounts with our Direct Deposit service.
  • We can process your payroll weekly, bi-weekly, semi-monthly, monthly, or any pay frequency you are currently processed.
  • We will make appropriate and timely payroll tax deposits and filings for you including 941/944 quarterly forms, year-end 940 forms, and year-end W-2’s.
  • We will make appropriate and timely compliance deductions and payments such as child supports and court mandated obligations.
  • We will be able to make voluntary deductions such as insurance, retirement plans, and many others.
  • We will have payroll reports, paystubs, tax filings, and tax payment records available for you.

There is no contract.  Pricing is simple and affordable.  Contact Us immediately and we will do the rest…..

Outsourced CFO

There are many reasons that a business owner or C suite chair might want to talk to Don Tu about outsourced CFO services. Here are a few examples:

#1 Solve a Problem

High growth companies don’t always pay the closest attention to the Financials.

Normally that’s because they simply don’t have the bandwidth to pay close attention and haven’t hired internally yet, or the Founder/Team simply didn’t know they should be.

So the problem may be that you KNOW your books aren’t what they should be and want help to get your financial house in order to prepare for the next phase of growth.

Established businesses may have a CFO or equivalent that is transitioning out of the business and Management and the accounting staff aren’t prepared to take the reins. You may need someone to both fill the gap temporarily and help you prepare for a new hire.

#2 Prepare for Sale

We were brought into one local company specifically to help prepare the books for a sale to investors.

During our due diligence we found that the company was actually MORE profitable than the owners thought! Just review and correcting the books could have increased the value by $20 million dollars or more.

If you’re considering selling, or taking on a partner or investor it’s a very good idea to have some outside help to review your financials to ensure you’re getting the most value possible.

#3 Replacement

Not every business needs a CFO. Or even a Controller for that matter.

As part of our Outsourced Accounting Services we can fill that roll for you at a fraction of that 6 figure plus cost it would take to hire an equivalently qualified professional to do the job.

One that you may not have needed in the first place.