Bookkeeping Services
Fractional Bookkeeping Services
Our fractional bookkeeping services offer the flexibility, precision and expertise you need to keep your finances running smoothly without the cost of a full-time hire. The service gives you, the business owner, the opportunity to use your time to grow sales and build your business operations knowing your accounting is in steady, reliable hands.
Why Businesses Thrive with Fractional Bookkeeping Services
Managing your business’s finances can feel overwhelming and take time away from your other tasks, like growing your business. That’s where fractional bookkeeping comes in.
A fractional bookkeeper provides expert financial management tailored to your needs, at a fraction of the cost of hiring a full-time bookkeeper. They ensure accuracy and accountability in recording your financial transactions.
Fractional bookkeeping is ideal whether you’re a startup, a small business, or a company looking for scalable financial solutions.
Let’s Build Better Books Together
How a Fractional Bookkeeper Helps Maintain Financial Stability
Strong financial records are the foundation of a successful business. A fractional bookkeeper ensures your records are accurate, error-free, and always compliant, so you avoid costly mistakes. They handle key tasks such as:
- Categorizing transactions
- Maintaining balance sheet and income statement
- Bank reconciliations
- Accounts Payable/Accounts Receivable
With organized and up-to-date financial data, a fractional bookkeeper also ensures your business stays tax-ready, making tax season less stressful and reducing the risk of mistakes or fines. By outsourcing these crucial tasks, businesses can focus on growth while relying on precise, compliant financial records. Your records are also ready for banks or investors based on your financing needs as you grow.
Complete Bookkeeping Solution
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Reconciliation and categorization of bank and credit card transactions
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Management and reconciliation of AR and AP ledgers
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Create and manage book fixed asset schedule
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Adjusting journal entries as needed
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Setup accruals and prepayment as needed
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Monthly and annual bookkeeping close
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Basic management reporting
Other available services supplemental to the core package include:
- Invoicing
- Fee quotes
- Bill payments
- Inventory management
- Project tracking
- Payroll
- Sales tax
- Customized management reports
Choosing the Right Fractional Bookkeeping Services for Your Business
At Thryve Group, we offer Real-Time Bookkeeping services.
What is Real-Time Bookkeeping?
Real-time bookkeeping is the ongoing, proactive management of your financial transactions. With this approach, your accounts are updated weekly.
Key features include:
- Proactive Financial Tracking: This method manages transactions in a timely way, including sales, expenses, payroll, and vendor payments. Account accuracy remains constant throughout the entire year.
- Real-Time Insights: Because data is regularly updated, it offers clear visibility of your business performance, cash flow, account balances, and current liabilities at any given moment.
- Improved Decision-Making: You gain access to up-to-date financial insights that support quick adjustments, allowing you to spot trends or address potential issues before they escalate.
- Enhanced Cash Flow Management: Knowing how much cash is entering and leaving your business helps with planning and avoiding cash shortages or overspending.
Why We Offer Only Real-Time Bookkeeping
Real-time bookkeeping delivers more value. Waiting until the end of the quarter or longer to organize your financial information can leave too many opportunities on the table and delay proactive planning for your business. Real-time bookkeeping allows for:
- Faster, Smarter Decisions: Real-time bookkeeping ensures you always have the financial context to make decisions with confidence.
- Improved Business Performance Awareness: Proper financial management is crucial for survival and growth in any business. With real-time insights, you can quickly see how each part of your business is performing.
- Prevention of Financial Surprises: With real-time bookkeeping, rather than discovering any issues during quarterly reconciliation, you’ll have peace of mind knowing your books are good to go every day.
- Streamlined Tax Filing: Come tax time, everything is accurate, up-to-date, and ready to file early in the tax season, saving you stress and unnecessary expenses.
- A Partnership, Not Just a Service: By working with your business to deliver real-time bookkeeping, we help foster an ongoing partnership where financial decisions are optimized and supported.
