Clean Books - Clear Answers - Confident Decisions

Real Estate Investors and Property Managers Expertise Insurance Agencies / Brokers Professional Services and Consultants Medical and Wellness Practices Contractors and Construction

Customizable servicesExpert skills: Certified QuickBooks Online expertise (Level 1, Level 2, Payroll, Intuit ProAdvisor)Decades of executive financial accountability and operational leadershipComplex cleanup and multi-account reconciliation experienceSecure handling of confidential information - highly trustworthyReduced overhead costs - save money by leveraging a flexible outsourced organizationImproved reporting accuracy - real-time as neededCompliant and Audit-ReadySupport better decisions as trusted advisors; monthly financial statement reviews

QuickBooks offers several benefits, including the following:Simplified financial managementReal-time tracking of income and expensesReal-time connectivity to your banks and credit card providersAccurate and automated invoicingEasy tax preparationSeamless integration with other business tools including payroll third parties, retail POS systems, and more.Should you need to engage someone else to perform bookkeeping services, it's nearly 99% likely that a new professional bookkeeper will use a major cloud platform like QuickBooks or Xero, with QuickBooks estimated approximately 80% market share for the US small business landscape.

Ideally, you should update your books at least monthly to ensure accuracy. For larger businesses, this frequency should be sooner, such as either weekly or monthly, depending on transaction volumes.

The following is the typical steps to start an engagement:Setup a free consultation - use the button(s) on the website to schedule. Let's review the condition of the books and talk about pain points needing to be resolved.Lomax Bookkeeping will provide a relatively high-level proposal based on the discussion.Lomax Bookkeeping will create an engagement letter to outline the services in more detail which also includes information needed to start the engagement (i.e. your last tax return, read only access to business bank accounts, etc). Once the engagement letter is signed and payment method is authorized, bookkeeping services will commence.Clean-up services can typically be broken into 2 payments - 50% up front, 50% upon completion.Monthly bookkeeping services are paid in advance, typically at the beginning of the engagement.The overall process is as follows:Assess - Organize - Correct - MaintainAssess: Review the condition of the booksOrganize: Gather statements and identify missing informationCorrect: Reconcile accounts and document correctionsMaintain: Establish a reliable monthly process