BSA Tax & Bookkeeping Services

Bookkeeping for IT industry Client

Bookkeeping for IT industry Client

ABOUT CLIENT

A India-based corporation that has been providing Software related services in US since 2015.

CHALLENGES/ISSUES FACED

  1. Maintaining records/reports: The client has to maintain records of his services invoices, payments, payroll report, and other financial reports, which required accounting and software expertise as well. Since the client is a single owner of his business, he cannot manage all these things independently.
  2. Maintaining Monthly reconciliations: Client need to make sure monthly accuracy of financials, therefore they are not able to check the accurate picture of expenses and revenue without following regular accounting.

HOW OUR TEAM SUPPORTED/PROVIDED SOLUTION

The client handed over to us the bookkeeping process of his business. We provide him with:

  1. Clean up of books for 2021-22
  2. Matching of books with audited financials
  3. Monthly reviewing and reconciliations of revenue and expenses
  4. Yearly financials for easy and better analysis of business financial conditions.

EXTRA INITIATIVES TAKEN BY BSA Tax

Our extended financial services include tax advisory services and tax strategy planning. Also, we maintain regular communication with the client over emails. We update the status of bookkeeping weekly to our client over the emails.

RESULTS

Because he no longer had to keep records for his business, he was able to devote more time to his expansion plans. Despite removing a tremendous amount of the work from his shoulders, we were able to implement efficiencies that allowed us to charge significantly less than he expected. We also stopped fixing database errors, which also lowered his fees. The client now is focusing only on what he loves to do in his business, and not the bookkeeping, which he hated, he has more energy and passion than ever before.

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BSA Tax & Bookkeeping Services