As we approach the year’s halfway point, reviewing your financials and ensuring your business is on track is a great time. Running a detailed profit and loss report can help you identify any unidentified expenses or income that needs to be properly assigned to an account. By addressing these questionable items now, you can save a lot of time when the details are harder to remember.
Reviewing your profit and loss report can also help you identify any items that need to be reclassified in your chart of accounts. It’s also a great time to run a profit and loss comparison report to understand how your business is doing compared to previous years or your budget.
Checking in on your financials every month or quarter (depending on your business) is a great way to ensure your business stays in good financial shape. Not only does it help you catch any errors or discrepancies early on, but it also helps you make smarter financial decisions.
At ZümiFi, we specialize in helping businesses stay on top of their financials. Our ongoing bookkeeping services manage your financial activity with a complete turnkey approach. We create a custom combination of online, cloud-based tools, including QuickBooks Online, Bill.com, Box.com, and other unique combinations to leverage technology truly. This enables us to fully automate your system, eliminate data entry, and simplify and facilitate your bookkeeping. And we ensure accuracy and completeness so that every dollar counts.
Whether you need help managing your accounts payable, accounts receivable, payroll, or reconciliations, we’ve got you covered. We also provide detailed financial reporting to help you make informed business decisions.
Don’t wait until the end of the year to review your financials. Instead, contact us today to learn more about our bookkeeping services and how we can help you keep your business in great financial shape.
Contact us today or call 415.550.3070 to learn more about our experience and expertise and how you can benefit from customized bookkeeping services to meet your business needs.