Agency Financial Management provides you with the best financial assistance so you can concentrate your efforts on your business while knowing that you will receive precise, thorough reports each month.
Our bookkeeping Services
100% Cloud-Based, 100% Paperless, 100% Secure
Receive precise bookkeeping reports at the same time each month. Our finance specialists provide you with service that is quick and always accurate using technology that is at the forefront of the industry.
A Committed Workforce & Expert Support Services
Hire a financial specialist who will work only on your account. We can help you with more than just bookkeeping and tax preparation; we can also handle payroll, AP/AR, cash flow management. We aim to be your go-to partner for all things financial.
Created For Expanding Agencies
We keep expanding organizations in mind, including burn rate reporting and accrual-based bookkeeping. We integrate with a large number of tools, including Gusto, Stripe, and Bill.com.
Full-Service Taxes & Avaible Financial Aid
We offer more than simply bookkeeping and are available to help with your expanding financial demands.
Payable & Receivable Account Support
Don’t stress about managing your payable & receivable accounts, with Agency Financial Management we offer in-depth support for your financial accounts.
Payroll & Benefits Management
Payroll and Benefits Management plays a crucial role in your agency’s operations, as it ensures that employees are paid accurately and on time, and receive the benefits they are entitled to, which helps to attract and retain talent in your agency.
Frequently Asked Questions (FAQs)
What To Expect From An Accounting And Bookkeeping Service?
An accounting and bookkeeping service provides and keeps accurate records of your business’s financial transactions. This results in the production of necessary financial statements and reports, aiding in decision-making. It’s a suitable option for small businesses that can’t afford a full-time employee or for medium-sized businesses looking to save time and cost by outsourcing.
What Is The Difference Between Bookkeeping And Accounting?
A bookkeeper records and monitors the financial dealings of your business, keeping track of daily income and expenses. On the other hand, an accountant examines and verifies these financial records, generating reports and offering an interpretation of the financial data.
How Much Does An Accounting And Bookkeeping Service Cost?
The cost of accounting and bookkeeping services varies based on the extent of your requirements. Hourly rates for outsourced bookkeepers usually range from around $80, while accountants can charge up to $150 per hour. This could result in a monthly cost ranging from $1,000 for smaller businesses to $3,000 for larger businesses, or annually between $12,000 and $36,000.
Compared to the average cost of a full-time bookkeeper or accountant, which is approximately $60,000 to $80,000 per year including benefits and overhead, outsourcing these services is a more cost-effective option. It allows small businesses without the resources to hire a full-time employee to still receive necessary support at a reduced cost.
Do I Need A Bookkeeper If I Have QuickBooks?
QuickBooks is a useful tool for managing finances in the early stages of a business, especially when you’re handling everything yourself. As the business expands, however, the complexity of keeping track of cash flows increases. As a business owner, it becomes more important to focus on running the business and delegating financial management to a bookkeeper. Although QuickBooks may still be used, eventually outsourcing financial management becomes necessary.
What Are The Benefits Of Outsourced Bookkeeping And Accounting Services?
The main advantage of outsourcing accounting and bookkeeping services is that it allows you to focus on running your agency while delegating the time-consuming task of financial tracking and management to experts. Additionally, these services provide trained bookkeepers and accountants with a high level of expertise, ensuring a more efficient financial management process.
Another key advantage is cost savings. Hiring an accounting and bookkeeping service is more affordable than a full-time hire, as you only pay for the services you need and avoid additional costs such as payroll taxes, benefits, vacation time, retirement plans, and overhead. This also eliminates the long-term commitment of a full-time employee, allowing for more flexible arrangements with a service.