Serving the san francisco bay area + beyond since 1976
Serving the san francisco bay area + beyond since 1976
50
years
EST. 1976
THE FOUNDATION – LEVEL I
Foundation
Get the Financial Basics Right
Foundation helps take the day-to-day accounting burden off your plate while creating the accurate, timely financial records you need to understand your business.
Foundation can help you:
- Keep your books accurate and current
- Better manage money coming in and going out
- Know what you owe and what customers owe you
- Maintain accurate bank and fixed-asset records
- Receive monthly income statements, balance sheets, and cash flow statements
- Complete month-end financial reporting more consistently
- Prepare and file required 1099s
The result
Less time managing accounting details + more confidence in your financial information.
Frequently Asked
Questions
What book keeping and accounting services can I outsource?
With B+Co, you can outsource essential accounting functions including book keeping, accounts payable and receivable, bank reconciliations, fixed asset and depreciation schedules, month-end close, monthly financial statements, and 1099 preparation. We help keep your financial records accurate and current so you can spend less time managing accounting details and more time running your business.
When should a business consider outsourcing its accounting?
It may be time to consider outsourced accounting when financial reports are delayed, book keeping is consuming too much of your team’s time, accounts aren’t being reconciled consistently, or you’ve outgrown your current processes. B+Co can take these responsibilities off your plate while creating a more reliable accounting foundation as your business grows.
What financial statements should a business receive each month?
Business owners should generally have timely access to an income statement, balance sheet, and cash flow statement. B+Co prepares and reconciles the supporting schedules behind these reports as part of the month-end close, helping you understand profitability, what your business owns and owes, and how cash is moving through the company.
Why doesn't the profit on my income statement match the cash in my bank account?
Profit and cash are not the same. Accounts receivable, accounts payable, loan payments, equipment purchases, owner distributions, and other balance sheet activity can all cause cash to move differently from reported net income. B+Co maintains your income statement, balance sheet, and cash flow statement together so you can see a more complete picture of your financial position.
How do I know if my business's financial records are accurate?
Unreconciled accounts, unexplained balances, outdated receivables or payables, missing transactions, and consistently late financial statements can indicate problems with your accounting records. B+Co helps establish consistent book keeping, reconciliation, and month-end processes so you can have greater confidence that the numbers you’re relying on are complete, current, and useful.