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With SmartBooks, you don't just have a bookkeeper. You have a controller.
SmartBooks' standard bookkeeping solution includes controller-level services to provide internal
controls and management oversight for every client we serve. That way, our clients receive valuable
benefits that they would otherwise have to hire a controller and invest in expensive IT systems to get.
In addition, SmartBooks can provide customized financial operations, Generally Accepted
Accounting Principles (GAAP) financial statements and customized reporting solutions with the goal
of delivering the optimal mix of services to support our clients' goals, thus ensuring that they have the
information to make good, well-informed business decisions.
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» Segregation of duties
» Written approval processes and audit trail
» Confidentiality
Controls are important to ensure not only the accuracy and integrity of financial reports, but also to minimize the risk of fraud or theft. With our system, clients are assured that all bills are reviewed and approved by the right person, in writing and archived in an audit trail, prior to being paid. SmartBooks does not have clients' paper checks nor check-signing authority, and clients can make their own bill payments within the system if they desire. Not a week goes by without a headline appearing in some part of the country about a bookkeeper stealing thousands if not hundreds of thousands of dollars from a client. Our systems and controls prevent unauthorized payments, and we carry insurance. |
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» Revenue and expenses recognition
» Monthly closing process
» Accurate monthly financial statements
While having financial statements conforming to Generally Accepted Accounting Principles (GAAP) is good for every business, it is especially important for companies with venture capital or other external sources of funding, and for companies anticipating a sale or merger within the next few years. Our goal is to produce accurate monthly financial statements and avoid the need for large year-end adjusting entries that many businesses currently settle for.
Some of these services may represent incremental fees beyond those for core services. |
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» Establish best practices
» Get paid faster
» Less bad debt
It can be difficult for busy clients to prioritize collections, yet they tire of poor cash flow and learning about problems long after it is possible to do anything to prevent them. It's for reasons like these that some clients outsource collections to SmartBooks. We measure current collections performance, identify deficiencies that are hurting cash flow and increasing bad debt and then implement proven best practices throughout the A/R management process. Ultimately we want clients to get paid faster by their customers and write off less of their hard-earned income.
Some of these services may represent incremental fees beyond those for core services. |
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» Know your key metrics
» Balanced Scorecards and Dashboards
» Better business decisions
All clients receive standard financial reports every month including cash flow statements. Some clients want enhanced reporting to track additional performance metrics. We are experienced at developing Balanced Scorecards and other dashboard-type reports that provide clients with insight into the performance of their business that goes well beyond core financial results. Ultimately clients should have the information they need to make the best possible business decisions.
Some of these services may represent incremental fees beyond those for core services. |
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Find out how easy it is to switch to SmartBooks! |
Ask for a quote.
There's no obligation. |
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