Business Services in Aliso Viejo
Owning a business is exciting, but there are challenges when it comes to the management of cash flow and other accounting tasks. As the business continues to expand, its accounting needs become more and more complex. Whether you are starting a new venture or expanding, you can benefit from the business services provided by our experienced team.
Accounting Room offers business services to a variety of companies throughout Irvine, Aliso Viejo, and Lake Forest. Since 2005, we've been assisting these areas with personalized attention and many clients even further away with skilled virtual support. Call today and schedule your comprehensive consultation!
Cash Flow Management for Business in Orange County
As money comes into and goes out of your business, you need to know how much of it is available at any given time. On top of tracking the movement of money within your company, you need to analyze it for any changes as well. This way, you can easily predict how much money your business will have at a later date, and how much it will need to spend on making various payments. With the help of accountants and financial officers from Accounting Room, you can streamline the process of managing cash flow to help your business succeed.
Accounting and Bookkeeping you can Trust in SoCal
We pride ourselves in keeping clean ledgers, knowing that all transactions flow through them and that any errors affect all financial statements drawn from the ledger. Our services can help to protect you from receiving a notice from the IRS.
The role accountants play is multifaceted. An accountant comes in handy when you need to make critical business decisions. We can help you make sound conclusions and grasp the financial details of your company. We have the necessary analytical tools to equip you with the right information for your choices.
Accountants save you from tax over- and under-remittance. Either of these scenarios leads to more interaction with the IRS than necessary, but Accounting Room knows the information required to make correct entries in your tax returns and avoid these extremes.
If you wait until the last minute to work on deductions, you'll be doing yourself a disservice. With the help of a CPA, your deductions will be free of errors. Identifying deductibles on your own might leave out some items that are eligible because they might not be immediately evident as tax-deductible.
Benefits of Outsourcing Bookkeeping Services
Primarily, your business should be making profits and reducing losses to a minimum. Now, while some companies might prefer having an employed accountant on their payroll, others consider hiring the services of other companies to cater to their accounting needs. This delegation of responsibilities to other entities is but one way of reducing the costs associated with accounting. Other advantages of outsourcing bookkeeping services include:
Cost reduction: An outsourced accountant, on top of being able to work remotely and not occupy extra office space, grants you the benefit of reduced employment costs since such a person will not be entitled to employee benefits. With an employee, you run the risk of turnover and the related demands on time and resources during the recruitment process.
Security: The offsite storage of your company data will ensure that it is secure from data breaches that might cost the company a fortune. Outsourcing reduces the stress associated with exposure of proprietary information because the people handling your financial information are not your employees.
Accuracy: Our accountants have undergone intensive training and use proven procedures and processes to ensure that their work is accurate and done promptly. The years of experience make us adept at deciding which systems and processes fit your type of business and help us customize them for your specific needs. Our expertise and keen knowledge of a variety of software systems ensure that the results are consistent and accurate.
Cloud Accounting Services
For any modern small or medium-sized business, cloud accounting is a necessity. Cloud accounting enables you to make quick business decisions on-the-go at any time and place. You can access your company's financial data from anywhere as long as you have a device connected to the internet. It's also relatively safe to manage your accounts from a Cloud-based platform when compared to mainstream desktop accounting.
Business Intelligence and Reporting
Business intelligence is the procedure and technical infrastructure that collects and analyzes the data produced by your company's activities. When all the data is presented to you in easy-to-digest performance measurements and trends, you will be able to make more informed management decisions. We can run simulations for accounting numbers and compile the information in easy-to-read dashboards. Common functions of business intelligence include predictive analytics, complex event processing, and business performance management.
Why You Need Business Intelligence Reporting
We use business intelligence to support decision-making, employing different techniques so that you can understand predictive and historical data. By using the big data we gather about your company and others in the same sector, we help you make informed, strategic decisions and analyze customers and predict their behaviors. Our services allow you to easily interpret complex data sets to discover new opportunities, gain market advantage and long-term stability.
Bank Financing & How it Can Help
This service will allow you to raise capital and help your business to grow and modernize through the acquisition of assets you can use immediately. We can also link you to affordable lending institutions suited to your needs and provide financial counseling on how to achieve your goals.
If you need to request a business loan, we can help you demonstrate that you are prepared and organized with professional loan proposals. This type of proposal will state the purpose of the loan and explain in detail what it will be used for. It also provides a clear explanation of how the loan will increase your business growth potential, reaffirming the high probability that you will be able to repay the loan.
Accounting Room works with you to form a loan proposal that is clear, concise, and convincingly reflects an aptitude for success. Our proposals employ four key elements:
The Executive Summary: We provide a clear breakdown of the plan in full, detailing its purpose, the precise amount of capital needed, and how the loan is intended to be used. This kind of forethought shows initiative and diligence, making your organization more attractive to the bank.
Pro-forma Cash Budgets and Financial Statements: Backing up your structured plan with hard data of your business' financial performance shows that you can deliver on your ambitions.
Personal Financial Statements from the Owner or Guarantor: We procure copies of the last three years of personal tax returns, establishing your credibility and reliability as a loan recipient. We also clearly identify all collateral to be pledged as loan security.
Professional Representation: Having us present to substantiate your proposal gives added weight to your investment value and gives us a solid footing to secure a plan that benefits everyone involved.
Why Should You Consider Hiring a Part-Time CFO?
A chief financial officer (CFO) reports up-to-date and accurate figures, but hiring a full-time CFO can be a daunting task with high overhead costs. Hiring a part-time CFO is economical and offers your company additional scalability, efficiency, and oversight, along with reduced timelines. A part-time CFO comes with additional advantages apart from the reduction in overhead costs, including:
- Our external CFOs can not only confirm the accuracy of your financial data but also train your workers.
- We can protect your company from incurring losses resulting from occupational fraud by your employees.
- We can also navigate your company through loan negotiations.
Projections and Planning
Your business benefits greatly from accurate financial forecasts. Our team can make projections to show how secure your business is, how you can use funds obtained from a loan, and your ability to repay the loan. Among other functions, our CFOs will:
- Analyze bank loan proposals
- Assist with the loan application process
- Assist with budgeting
Strategic Business Planning
Our passion is to assist businesses in their journey towards growth and sustainability and to be available for the long haul. With your collaboration and our guidance, your business is on the right track towards success. We can also give suggestions on how the company can strategize money management and investments. Having a clear direction for your business ensures that you are informed and focused on the company's essential tasks.
Payroll Service in Orange County
Your employees require that you handle payroll services efficiently. For tax purposes and smooth management, we can precisely classify your employees. Payroll services we offer include:
Direct deposit: This service is convenient when you need to focus on business growth and profitability. While saving on time and paperwork, it also ensures your payments are accurate and timely.
Garnishes: As an employer, the IRS may send you a notice that one of your employees has an unpaid tax, which you will then have to pay. Our CPAs work with the IRS for garnishes to be released either fully or partially, or for the IRS to use other methods to offset the unpaid taxes.
Collecting taxes: Our team takes charge of ensuring that your company fully pays corporate payroll taxes promptly.
Monthly tax submission: We'll submit your taxes promptly every month using an online filing so that you may qualify for a seller discount. Electronic filing ensures faster processing with fewer errors. We can also change your filing schedule every quarter if appropriate.
Should I Outsource My Payroll Services?
You could easily spend more than eight hours every month on payroll functions. With professional assistance, your time is free to prospect for customers or other entrepreneurial activities. Our services will help you to:
- Save time
- Concentrate on your company
- Reduce overhead costs
- Worry less about your payroll taxes being filed incorrectly
- Provide comprehensive reports
- Avoid penalties associated with errors or missed deadlines
- Handle your employees' questions and concerns
Professional Accounting Assistance in SoCal is Just a Phone Call Away
At Accounting Room, we have certified accountants and financial officers ready to take your company to the next level of accounting efficiency. We deliver our services with a thorough understanding of how you run your company, ensuring that they are tailor-made to meet your specifications. Call today for a consultation!
As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company.
Our Part-Time CFO service gives you a professional financial manager who works with you to help guide your business to success.
A cash crisis can be emotionally devastating. It can even kill your business. The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you.
Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! It pays to be prepared and organized in your approach for financing.
Objective valuation can make the difference between loss or gain, success or failure. You need professionals who are well qualified, with significant experience in evaluating all types of organizations.
If you still have all your plans and ideas locked up inside your head, preparing a strategic plan can help you clarify your company's direction.