At Xcel Business Service, we provide professional bookkeeping, accounting, and outsourced CFO and Controller services to small and medium size businesses. We partner with you to achieve higher profitability, optimizing best practices to ensure timely and accurate financial statements. We are the most passionate accountants Springfield MO has when it comes to helping small businesses achieve success and are devoted to providing outstanding customer service. We are committed to ensuring the highest level of excellence to your business.
We are laser focused on delivering exceptional service and building strong relationships with our clients. We are passionate about continuous improvement and our dedication to you is like none other. We have a loyal client base and it’s important for us to make certain that our clients have the systems and processes in place for all your bookkeeping needs including payroll, tax filing and payments.
We are focused on the needs of your business and offer individualized services specifically tailored to your needs to give you the peace of mind knowing the financial records for your business are on track and 100% accurate.
We offer more than the average bookkeeper accountants Springfield MO has available. By implementing best practices and safeguards, these internal controls will help your company avoid errors and uncover hidden problems, thereby, reducing the risks of inaccurate financial statements.
We analyze your financial data to provide the feedback that will assist you in making vitally important decisions for your organization. We are proactive accountants that supply you with regular and correct financial reports helping you to fully understand the financial health of your business. We track Key Performance Indicators (KPI’s), identifying areas of opportunities to assist you in improving your financial performance and understanding the financial insights of the business.
As accountants Springfield MO, we make sure the financial records for your company are maintained and in compliance with lawful and accepted procedures and policies. Your records will be kept in pristine order because they are the key component used in operating and managing any business.
With our accounting service, we meet with you monthly to measure the results of your financial statements and to establish a strong partnership that keeps us on the same page.
The goal for your company’s accounting and bookkeeping is to produce clean and organized financial records that help you make better decisions for the success of your company. Maintaining the bookkeeping yourself is a very time-consuming task and takes key time away from the operation of your business. Your expertise is in the vision you have for your company. Outsourcing your bookkeeping to our accountants Springfield MO here at Xcel Business Service will give you time to focus on sales and operations, giving you the comfort in knowing that your books are always up-to-date and accurate. Outsourcing will save you the costs for payroll taxes, paid vacations, insurance, and health benefits of having a full-time employee. You will have no stress or worries concerning turnover and the hiring and training of new bookkeepers. We offer a wide range of bookkeeping services to ensure that accurate financial records are maintained.
Our comprehensive full-service bookkeeping offers a variety of services including:
- Accounts Payable – vendor management of invoices received and payments scheduled. We confirm with you that each invoice is correct and ready for payment
- Maintain vendor W-9 information for all your vendors including those requiring a year end 1099
- Accounts Receivable – preparing and sending invoices to customers including applying payments and documenting them correctly using QuickBooks Online
- Documenting transaction details
- Cash Flow Projections
- QuickBooks Online Bank Feed Management –
- matching transactions with the back up documentation attached.
- Matching deposits to the correct receivable
- Categorizing payments made to vendors
- Managing credit card receipts and accounts
- Bank and Credit Card Reconciliations. Your bank and credit card accounts will be reconciled monthly, being kept clean and up to date.
- Complete data entry for every aspect of your business
- Monthly Journal Entries to prepare your books for month end review
- Post to the general ledger
- Cost Projections
- Process sales/use tax returns and payments
- Budget Preparation and Management
- 1099 Reporting.
- Track and manage financial data.
- Payroll Liaison and processing by payroll experts
- Tax Preparation by tax experts
- Create period end financial statements.
Clean Up Services
Our bookkeepers and accountants Springfield MO services include a financial clean-up, or catch up, getting your books up to date. It’s the historical reviewing and updating the financial records making a series of adjustments to correct errors providing accurate financial records. This includes reconciling your bank and credit card accounts for all months needed making sure all transactions are posted and categorized correctly in the general ledger chart of accounts. The clean-up process ensures the profit and loss statement is accurate and there are no errors or outstanding and unposted transactions and in compliance with Generally Accepted Accounting Principles (GAAP). The clean-up process also makes sure the balance sheet is accurate and is a true representation of your company’s assets, liabilities, and equity.
Hiring a full time CFO can be very expensive for most businesses. However, an outsourced CFO provides a business with access to financial expertise. It’s like having a business finance coach that focuses on helping you manage your business finances and making your business more profitable at a fraction of the cost of a full-time CFO. Imagine having that go-to financial expert that can help you in solving your company’s most challenging financial opportunities.
A CFO can help in tracking cash flow and analyzing the financial health of your organization, while identifying strengths and weaknesses in order to create a course of action to help you achieve your company’s short-term and long-term financial goals.
Not only does Xcel Business Service provide your day-to-day bookkeeping needs, but as an outsourced CFO our accountants Springfield MO have a “big picture” mentality helping you to implement growth strategies for your company. Data and financial analysis is a big deal and is the foundation we have provided many businesses, helping them to financial success. The benefits of our CFO services cannot be understated and will have a huge impact and insight into the risks and opportunities within your organization as well as a strategy to maximize your company’s value.