Bookkeeping and Accounting
Bookkeeping services involve ensuring your financial transactions are entered accurately and verified for completeness in your accounting system. These transactions comprise the day-to-day activities your business engages in such as selling your product or service, making purchases, and paying your employees.
Accounting services take your bookkeeping data even further. These services are used for getting useful financial information out of your accounting system so that it can be used to make business decisions.
Some of the types of activities for these services are:
Entry of all your day-to-day business transactions
Monthly reconciliation of bank, credit card, and loan(s) accounts
Process payroll via your third-party vendor, such as Gusto or ADP, and reconcile quarterly and annual payroll reports
You determine how often you would like KeyRing to prepare your Balance Sheet and Income Statement
We create and maintain reports specific to your industry or business needs
MONTHLY REVIEW CALL
Our monthly call is our time to ensure you are getting the most out of your monthly reports, review Financial Statements, and discuss new areas of your business
At KeyRing, we know that your bookkeeping needs are unique and vary from any other company. To make sure those needs are met, we offer flexible accounting services for all industries and business types.
Projects are useful for moving your business forward as well as helping it grow. They tackle issues that are beyond the typical day-to-day accounting and bookkeeping functions. Projects tend to be designed for very specific purposes and almost always have a definite start and end date.
Some of the types of projects KeyRing offers are:
Clean-up of data already in your accounting software program
Catch-up of prior months (or even years) of data
ACCOUNTING SOFTWARE IMPLEMENTATIONS AND CONVERSIONS
Implementation of new accounting software/platforms
Conversion from your existing platform to one that best suits your needs
ADD-ON SOFTWARE CONSULTING
Consulting to determine your business’s add-on software needs
Integration of additional software solutions to enhance your current platform
Keep in mind that projects are often uniquely suited to a particular business or industry. The provided examples above are not intended to be an all-inclusive list of projects KeyRing offers.
We offer two tiers of training, both of which are customized based on your needs and the skill level of those attending training.
Tier 1: Xero or QuickBooks Online 101
This training focuses on how to navigate and utilize your Xero or QuickBooks Online accounting software, as well as, how you and/or your staff can improve your bookkeeping workflow and the accuracy of your data. This training is perfect for those individuals that need to interact with their accounting software frequently (for example, anyone who is or will be entering transactions, running reports, sending out invoices and paying the bills).
Tier 2: Bookkeeping and Accounting 101
This training focuses on the fundamentals of bookkeeping and accounting such as double-entry accounting, balance sheet vs. income statement uses, and understanding cash flow. This training is designed for clients and/or their staff who would like help understanding how the activities of their day-to-day business flow into their financial reports, as well as, how to extract more meaning from their financial reports.