Monthly Bookkeeping

Accurate, up-to-date books lay the foundation for making smart business decisions. Outsourcing to a trained bookkeeper frees up your time to run and grow your business.

 Monthly bookkeeping services ensure that each daily financial transaction is recorded correctly, keeping data current and accurate. Accounts are reconciled monthly to produce reliable monthly, quarterly and annual reports including Profit and Loss, Balance Sheet and Cash-Flow. These reports can support your financial and business decisions, uncover trends, provide insights for improvement and help you prepare for taxes.

Fanning Bookkeeping uses industry-leading, secure QuickBooks Online which increases accuracy and efficiency, saves time, money and integrates with other business applications like time tracking and expense reporting and online bill pay.

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Bookkeeping Services

Clarity, Confidence and Books You Can Trust

Book Cleanup & Catchup

Behind on your books? Messy books? Starting with a clean slate of complete, organized, accurate, up-to-date books enables you to generate reliable financial reports and move forward with confidence.

Cleanup organizes your books, including the Chart of Accounts, corrects inaccurate and missing data, reconciles bank and credit card accounts, organizes and fixes account categorization errors and ensures that your income statement matches the prior year’s income tax return.

Catchup takes care of entering business transactions you weren’t able to add to your books for a specific period of time.

Once you’re caught up, your accounts will contain accurate, up-to-date data so your financial reports will be accurate. When your accounts reflect the true state of your business, you can rely on them for making good business decisions.

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QuickBooks Setup & Training

Structure your business for success with customized QuickBooks Setup and personalized Training.

Setup correctly installs, configures and tailors QuickBooks to your specific business workflows, needs and preferences. Migrates your financial data from other software into QuickBooks. Setup is crucial when you start or transition to QuickBooks, especially if you run a complex business with multiple services, payroll or inventory.

Training instruction and guidance enables every user to use QuickBooks. This includes both new users and current users who might be unfamiliar with features, functions or with your business’ custom setup.

I’ll work with you to scope, tailor and customize Set Up and Training services for your business and provide the level of ongoing support and refinement your QuickBooks users need.

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Advisory Services

Custom Advisory services turn your business’ financial data into insights that help you make better financial and business decisions. Insights from Advisory can help guide your financial and business strategies and plans for operations, budgeting, forecasting cash flow, business growth, increasing revenue and generating more profit. 

In addition to gaining financial insights from Advisory’s custom data analyses, reports and recommendations, you can receive guidance and support for developing viable plans to resolve financial and business issues and achieve your goals.

Advisory Services can help you streamline bookkeeping processes and automate tasks, improving efficiency and reducing costs. They can also help you improve operations, cash flow management, accounts payable and accounts receivable. 

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Advantages of Outsourcing to a Professional Bookkeeper*  

An outsourced bookkeeper can be more cost-efficient than an employee because they’re not on your payroll, don’t require employee health insurance, other benefits or training. The average U.S. full-time bookkeeper makes about $38,000 per year*. If you outsource bookkeeping at a rate of $2,500 per month, you’d only spend $30,000 per year, saving your business about $8,000.

Business owners who outsource to a professional bookkeeper*:

• Increase profit by an average of $5K per year because bookkeepers*:

  • Free up business owner’s time to focus on growth-driving activities when they handle day-to-day account transactions, payroll and financial tasks like credit card and bank reconciliation.

  • Provide accurate financial reports that help with budgeting, forecasting, and financial insights that help business owners to make better informed business decisions for improving profitability. 

  • Are very often better at discovering and billing overdue clients and finding expense cuts that a business owner could make to increase overall profit.

  • Deliver timely, accurate records for tax filings and help business owners circumvent late payments to avoid costly fines and interest charges. 

• Save an average of $5K - $10K per year*

  • By pinpointing tax deductions that a business owner might miss bookkeepers can save about $3.5K per year. They also ensure that all eligible business expenses are recorded correctly and help business owners take advantage of all possible legal deductions and credits to lower tax bills.

  • Bookkeepers review transactions to catch mistakes like duplicate payments, which can save significant amounts of money.

  • A well-trained bookkeeper, like me, can compare vendors, conduct competitive research and review accounts to look for ways to trim costs.

  • Bookkeepers can cut unnecessary expenses: by analyzing spending patterns to identify and eliminate unnecessary subscriptions or inefficient operational costs. They also monitor incoming and outgoing funds, ensuring there's enough liquidity to cover expenses to improve cash flow and avoid the need for costly borrowing .

  • Bookkeepers can help prevent fraud by implementing internal controls and spotting unauthorized activity, protecting the business from financial fraud. 

    *Industry statistics