Up Top Bookkeeping LLC

Do you know your numbers? You're making money so what's the worst that could happen? Well, you could be denied a loan or not get as much as you thought because the bank isn't satisfied with your finances. You could be overpaying in taxes on income you haven't actually made. You could be unknowingly lying to yourself about how good your business is doing. All of these situations are completely avoidable if you have a system in place to properly manage and record your financial happenings. Making money is good but knowing what's going on with it is better.

Tax season doesn't have to make you feel stressed and behind. Trying to catch up on your books and record keeping while still doing everything else is likely to end in a tired crash. Having a trusted partner to make sure your numbers make sense and keep you in compliance while you continue to manage the business is a life saver. Not only will you have everything organized and making sense but you can continue at full steam ahead like nothing happened. I would love to make this a reality for your business. Contact me to see how I can help.

Confusion; Not exactly the word that comes to mind for most people when they think about owning their own business however, it is one of the most common feelings business owners have. Confused about why there isn’t as much money in their bank account as they thought based on all of the income on the books. Confused because you have liabilities that aren’t shrinking or going away even though you’re making payments towards them. Confused why things aren’t adding up even though you feel like you’re doing good business. Ultimately, it boils down to confusion about what’s really going on with the money. Some business owners think that just because money is coming in means the rest will take care of itself and this is simply not the case. Worse is when that confusion lasts long enough to turn into stress not only about the future of your business but your own personal financial situation. Everyone has felt the confusion at some point in running their business but that doesn’t mean you have to let it get worse. Clarity is the solution to confusion and having a system in place to properly and accurately record everything happening is the best way to gain that clarity. I specialize in helping business owners achieve that clarity so they can confidently do what they specialize in. If you’re looking for help or someone to do it all for you I would be happy to get to know your business a little bit and find a way forward.

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You're a business owner full of ambition and big dreams. There's no stopping your enthusiasm for the future. You're in a good mood as you head to the bank for a meeting to secure funding for your next big project to scale your business. Are you prepared? What questions do you think they will ask you? If you're assuming that your loan is a certainty just because you have a business name, logo, and website you may be in for a rude awakening. Remember, banks are in the business of money which means that's what they are concerned about and interested in from you. They are not here to judge how creative your logo is or how easy your website is to navigate. They want to know that they will get their money back and then some. So, how do you think they will go about determining if they will or won't give you the money? They're going to be interested in your P&L and balance sheet reports. The P&L will tell them how much you're making as well as an idea of your expenses. The balance sheet will tell them how many liabilities you already have as well as any assets you have that could be used as collateral. Don't think that it's a done deal though just because your P&L shows consistent and strong income because that alone doesn't mean you're financially sound. They may also be interested in a statement of cash flow report which will give them a much better idea of your ability to pay back the loan than just the P&L. The statement of cash flow will show all the incoming and outgoing money for your business so if you're income is $10,000 per month but your expenses are also very high they will see that and start to question if they want to give you the loan. How can you avoid this and ensure you always get the loan you applied for to help your business? Well, there's only one way and that's to stay up to date on your bookkeeping with accurate records. Need help making this a reality for your business? Let's talk and see how I can get your business in better financial shape!

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Your business is just as unique as you are! So why would you want to deal with one size fits all business solutions? That's why at Up Top Bookkeeping LLC I offer customized reports and personalized service tailored to your specific needs. That way you get the most detailed information with everything you want and nothing you don't. Discover how I can help your business thrive by contacting me today!

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