what can asba do for me?

Most business owners think bookkeeping exists to get taxes filed. And while ultimately that could be true, there is so much more we could be doing on a daily, weekly, monthly basis to grow your business based on the data that regular, accurate bookkeeping provides. Plus, it's much easier to track income & expenses as they happen than to wait until year-end.

Regular bookkeeping ensures your financial records are accurate and up-to-date allowing you to make smart business decisions in real time. Sure, your mom/sister/friend could help code QBO transactions & reconcile accounts but are they capable of producing accurate financials? Do they understand cash-flow? Can they explain why your income has doubled up? Do they understand journal entries? What do you do about uncashed payroll checks? Bounced payments? Sales tax - huh? Do they know how to respond to IRS notices? Will they support you in audit? Now you see why partnering with a qualified compliance accountant is important.

When asked, most business owners do not know what their profit margin is or if they are properly pricing their services & products. Instead, they employ 'bank balance accounting', 'crystal ball accounting', 'dartboard accounting', or simply cross their fingers and pray it all works out. Let me tell you, there is a better way.

If you don't have a QBO file, we set that up for you then we pull in your business transactions from checking, savings and credit accounts (yes, we will require electronic access. No, we can't actually touch your money.) ASBA utilizes an industry-specific standard chart of accounts and properly categorizes your money-in & money-out with a clear understanding of allowable tax deductions to produce Profit & Loss and Balance Sheet statements (financials). These reports are crucial for loans, asset purchases and tax prep and they are specific to YOUR business.

Instead of checking the health of your business at year-end just to get taxes paid, ASBA works alongside you weekly, monthly, and quarterly to assess your company's vitals. We use this information to advise ways to save money & reduce tax liability while expanding your income potential. We provide payroll assistance, tax planning support, investment strategy, health-care options and more with our extended service partners.

Note: ASBA does not allow any 3rd party software integration with QBO accounts. Instead, we pull the necessary AR/AP info from your field software and journal it onto your books. If you already have integrations within your QBO file and want them to remain, we probably won't be a good fit for your business. Rarely, if ever, do these integrations work as promised (QBO changes too quickly for anyone to keep up) and simply cause too much additional work for us to service your account.

Our tax advisory services help you minimize your tax liability and take advantage of tax-saving opportunities. We have extensive experience working with businesses of all sizes and industries.

Once your year-end financials are complete, you can file taxes yourself, work with our trusted advisors or we are happy to work with your 'tax guy'. The books are the same regardless who is filing the return.

Our financial planning services help you plan for your future and achieve your financial goals. We work with local experts who take a vested interest in you and your business to help your money do more.

We work with estate & trust lawyers who understand the ins and outs of all of this. We are happy to make an introduction on your behalf.