Services
Monthly bookkeeping
Our base services include:
Recording and classifying transactions in bookkeeping software
Reconciling bank and credit cards in software
Posting journal entries as needed
Quality review for accuracy
A client portal where we communicate any questions
A secure folder for any uploads (if needed) and financial reports
Providing monthly financial reports (balance sheet and income statement)
*price and plans vary depending on level of activity and client needs
13-week cash flow projections
Have you struggled to understand where the cash is going and how to predict future trends? Are you just making enough funds to cover payroll? Do you struggle to pay yourself? Are you being hit constantly with overdraft fees?
Using your business trends, weekly averages, and seasonality, we can forecast short-term and long-term cash flow to help you make better financial decisions and see when potential shortfalls may occur.
We will provide a weekly summary of the upcoming 13 weeks to help predict cash flow and advise on any potentially tight weeks. The number one reason businesses fail is negative or nonexistent cash flow, don't be one of those businesses.
CFO Advisory Services (limited spots available)
Does it feel like your business is growing but you aren't any more profitable? Do you want to grow the business but are unsure how to get there? Or have you felt the need to hire a CFO (or a fractional CFO) because the business is growing and you don't fully understand the financial picture?
What most small- to medium-sized business owners actually need is a guide, not a full-time CFO. That is where we can help. We work with you to help achieve your goals (business, personal, etc.), and our goal is to help you have a growing and more profitable business. We help track profit and cash flow, analyze the company's financial strengths and weaknesses, and work with you monthly to create an actionable plan to achieve your goals. You'll understand your business's financial health better than ever before.
If you are looking to grow, scale, have better cash flow, reach your goals, or even run the business instead of letting it run you (get in the "owner's seat" instead of being stuck in the weeds), you should consider this.
Additional Services:
Bookkeeping Clean-Up
If you have fallen behind on your bookkeeping or even have lost your previous bookkeeper, no need to panic! We can help you get caught up.
Revenue Optimization & Expense Minimization
We can help you with finding trends within your business. Are you spending too much in certain areas? Can you cut back? Are you A/R getting too high? We can help bring these issues to the forefront and help guide you in the right direction.
Accounts Receivable assistance
Commonly referred to as A/R. This is the amount owed to you from your customers for goods and services sold that you have not yet been paid for. Invoices are sent to customers that itemize what kind of services were bought and/or rendered. Staying on top of your A/R is vital to your business and will help prevent you from having cash issues.
Accounts Payable assistance
Commonly referred to as A/P. This is the amount that you owe to vendors and/or supplies for goods and services that you have received and not yet paid for. You receive invoices, and they are due within a specified time. You want to pay these out in a timely manner. If you don't, your vendor may cut off services to you, or even withhold items until old invoices are paid.
Cancellation of Services
Contracts are considered to be on a month to month basis. You do not have to sign every month, just the initial contract of services, unless your plan changes. We hope that we do not have to go this route, but we request that thirty (30) days of notification is given when cancelling services so accounts can be properly closed and end monthly subscriptions.
Why outsource your bookkeeping and use a virtual bookkeeper?
Virtual bookkeepers are certified to care for your books using software such as Xero and QuickBooks to efficiently track your finances with little effort on the part of the business owner. Proactive solutions to situations are provided as well as accurate and timely reports. The virtual approach also minimizes errors and provides ease of communication that will save you time and money. A virtual bookkeeper will give you the peace of mind that your books are up to date while saving you the hassle of hiring a full-time employee with salary and benefits.
If you think Lutz Bookkeeping is right for you and you are ready to take the next steps to getting your books in order and save you all of those financial headaches, visit the "Consultation" page. Consultations are free!
