What We do

Detailed management of your daily finances is critical to the successful development of your business. You MUST have accurate and timely financial records to make intelligent strategic management decisions. At ZERO TO GRACE we understand the role and process of bookkeeping services that will ultimately grow your business.

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.

Each month or quarter we’ll do the following things for you…

• Reconcile your bank account
• Generate an income statement
• Generate a balance sheet
• Clean up your general ledger
• Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Our bookkeeping rates are all per hour, allowing us to focus on providing the best, most comprehensive, and customizable services at a cost that fits your company. While we are proud to be Quickbooks Certified Proadvisors, we have experience with multiple bookkeeping packages and give our clients the ability to dictate the resources we utilize

Our Bookkeeping Services include:

• Accounts Payables / Accounts Receivables Management.
• Bank / Credit Card Reconciliation.
• Balance Sheet and ZERO TO GRACE preparation and Review.
• Maintaining a clean general ledger
• Unlimited consultations

1. Accounts Payables / Accounts Receivables Management.

a. AR/AP Management

Let’s Consider these questions:

• Do you know the total amount of your business debt?
• Can you track all outstanding bills?
• Are paying your vendors on time?

Accounts payable management involves the oversight of all financial activities relating to creditors (people you owe money to). All related transactions are recorded in the Accounts Payable sub-ledger at the time of invoice and displayed as liabilities on your company’s balance sheet.

ZERO TO GRACE Accounting Firm has expertise in all AP levels, with extensive experience managing AP operations.

ZERO TO GRACE Accounting Firm will provide but not be limited to daily updates of all outstanding bills, daily-updated AP balance reports, access to vendor sales terms and so much more.

Accounts Receivable Management involves the oversight of all financial activities relating to debtors (people who owe you money). All transactions related to accounts receivable are recorded in the Accounts Receivable sub-ledger upon creation of the invoice and displayed as assets on your company’s balance sheet.

ZERO TO GRACE Accounting Firm has expertise in all AR levels, with extensive experience managing AR operations.

ZERO TO GRACE Accounting Firm will focus on improving cash flow, reducing business bad debt loss and maximizing the effectiveness of your accounts receivable management system. ZERO TO GRACE Accounting Firm will provide the business with a clear image of the impact of management decisions on cash flow.

b.    Bank/Credit Card Reconciliation

Let’s Consider these questions:

• Do you know the importance of the monthly bank and credit card reconciliation?
• Do you have the right procedures and controls to protect your company against fraud?
• What are you doing to ensure accurate invoice processing?
• Do you understand the true costs of human error as it relates to your accounts?

Reconciliation involves comparing two sets of records to make sure they are in agreement. It is used to ensure the balances between opposing (e.g. asset vs. liability) accounts continue to match. Assets, Liability, Equity, Revenue and Expense ledgers all need to be reconciled on a regular basis.

While internal reconciliation practices are important, you ultimately need an impartial third party to perform the checks and provide the balance to your overall bookkeeping system. The troubleshooting experience of a professional bookkeeping consultant can help to ensure the accuracy of your data and pinpoint any problems before they have a negative impact.

ZERO TO GRACE Accounting Firm offers a full bank and credit card monthly reconciliation service no matter how many bank accounts or credit cards your business has. As we believe monthly bank and credit reconciliations will prevent your business from any fraud That’s why we work to identify discrepancies, trace differences to their source and provide the most realistic and accurate state-of-the-company financial records through account reconciliation.

 c. Financial Statements: Balance Sheet, Cash Flow and P&L Preperation and Review.

Let’s Consider these questions:

• Do you have a holistic view of your company’s assets?
• Do you understand the best way to manage liquidity in your organization?
• Are you getting the real value out of your recent IT investments?
• Are you missing out on opportunities to monetize other aspects of your business?

Balance Sheets and P&L Statements are prepared to help determine the financial state of a business. They provide critical visibility into the effectiveness of corporate strategies and management efforts. That’s why it is so important to review these documents on a regular basis to ensure accuracy and further fine tune the day-to-day operations in an ongoing effort to maximize business performance.

In addition to these internal reviews, business experts also recommend review by an impartial third party. The checks and balances afforded by an outside company that specializes in balance sheet and profit and loss statement review can help to ensure the reliability and effectiveness of the data itself.

ZERO TO GRACE Accounting Firm Has the expertise to help you improve the visibility of your individual assets and liabilities, and true profitability. We understand the tactical importance of preparing and reviewing these all-important financial documents, and are ready to work with you to free up cash and maximize profitability. Our staff of accomplished consultants knows where to look and what to highlight to identify addition near and long-term opportunities.

d. Maintaining a clean general ledger

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.

e. Unlimited consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.