Entelyglobal business bookkeeping for startups /cash basis bookkeeping is suitable for startups and mid-sized businesses who are in their early stages of growth & do not require sophisticated & advanced accounting services but are just looking for bookkeeping services that are cost effective.
Try & experience our bookkeeping services (First month on us)
You don’t have to sign up with us for trying & experiencing our services. If you are someone who does not want to commit before trying, opt for our trial services which are free for the first month. We will do a month of your bookkeeping, and provide you with an income statement and balance sheet. Of course, the trial period bookkeeping does not include backlog/catch-up assignments and is subject to conditions with respect to the number of transactions we process.
Monthly financial statements
It’s essential to know how your business is doing at regular intervals. Be it your profitability (P&L) or the financial position (Balance sheet). It’s on us to provide you with an accurate and reliable income statement & balance sheet every month. With all of your transactions organized into categories/accounts, you can easily track how much you earn and spend each month, how much you own, and how much you owe.
Business decisions have to be made based on data & not on emotions. Further, the cash flow position is as important as the profitability of the business. We will help you see your company’s financial health at a glance and help you stay in control of cash flow. Our graphical reports/dashboards display your revenue, expenses, and profit over different time periods. Knowing where your money is coming from and going is the first step to making smarter business decisions.
A glance into your business performance
Monthly financial statements and expense overview helps you to be in control of your finances. At-a-glance visual reports help you see the big picture and provides actionable insights to help you grow your business.
One business day responses
Our bookkeepers work in-house and they respond within one business day.
How we work
We do your bookkeeping
Each month our team reconciles your accounts, categorizes your transactions, and provides you financial statements. They will also make any necessary adjustments to your books to ensure that they are tax-compliant.
We might need your input
Categorization of expenses is essential to keep a tab on your costs.
While we work on your books, we may need your help to categorize some transactions properly. We list them and share them with a few categorization suggestions to pick from, and then you can let us know where it belongs
Get in touch if you have a question
Any questions about your books? We are here. E-mail us & we’ll get back to you within one business day. We are also available on call if you’d like.
Year-end financial package
We also compile all the financial information you and your accountant would need to file your taxes: comprehensive financial statements, notes of items that require specialized tax treatment, and a detailed backup in case your business is audited.
Here’s what included:
- Income statement
- Balance sheet
- Trial balance
- Journal entry summary
- General ledger
- Notes to accounts
Using “File this” (https://filethispro.com/), being our official financial statement retrieval partner. Your financial statements are pulled automatically every month and saved in a secure portal for you to access them when needed.
Painless tax filing
Come tax time,we can connect you to a tax expert we trust. Answer a few questions, share your documents and they’ll file your taxes painlessly and on time.
Support for your CPA
If your CPA has questions or needs to make any adjustments to your books, your team can work directly with your CPA to sort everything out saving you from any extra legwork
Catch-up bookkeeping services
If you’re new to our services and have months of bookkeeping overdue, our team can get you caught up in no time. We can complete a year’s worth of bookkeeping in 3-4 weeks.
While our team categorizes the majority of your transactions each month, there would be some infrequent expenses which only you would understand,
we would need you to advise us on their categorization just once & we will go & categorize similar transaction each month.
Tax season support
Entelyglobal startup business bookkeeping differentiators
Cancel any time
We never lock you in. We also make it easy to transition the process to your new team. Just give us a month’s notice so we can wrap things up and hand over the books to your new team.
A dedicated team of small business bookkeeping experts who work in-house.
Behind on your books? Need to catch up or add any amount of backlog bookkeeping to your monthly plan? We are here for you.
Additional options/scalability in future
If you want any other services related to accounting/bookkeeping or your business has outgrown the cash basis of bookkeeping and need to move to accrual accounting/audit ready accounting, we have you covered. Being a full-service accounting and tax firm, we can also help you with add-on services like accounts payable management/accounts receivable management, financial projections and modeling and tax planning & filing.
We provide cash basis bookkeeping services and use the double-entry system to record all transactions.
Quickbooks Online and Xero.
We need "read-only or view only" access to banks/credit cards or merchant accounts like Chase etc., or sign up in our File this account and link these in QB/Xero so your bank statements will be retrieved for us without your intervention.
Once we have all the documents we need, we will finalize and complete your books within 15 business days.