(512) 987-9239 info@profitsource.biz

Services

We set ourselves apart from other bookkeepers by JOINING your team from the beginning, and partner with you until you’ve outgrown us.

Our mission is to elevate our clients, or partners, to reach innovative heights of fiscal growth and accountability along the way.

Strategic Business Consulting

A Strategic Business Plan is much more than a tool to obtain financing. Preparing a strategic plan helps you clarify your company’s direction.

Strategic

We will identify the optimal areas that you should spend more heavily on in your business, such as marketing and operations. We’ll advise you on the areas that you should spend less on (such as administration, legal strategies).

The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.

Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company’s success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.

Remember: Failing to plan is planning to fail.

Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.

Strategic Business Consulting

A Strategic Business Plan is much more than a tool to obtain financing. Preparing a strategic plan helps you clarify your company’s direction.

We will identify the optimal areas that you should spend more heavily on in your business, such as marketing and operations. We’ll advise you on the areas that you should spend less on (such as administration, legal strategies).

The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.

Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company’s success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.

Remember: Failing to plan is planning to fail.

Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.

Software Setup and/or Clean-up

Software

Profit Source ensures that your accounting and business processes are up to date and accurate by providing you with the means to create required payroll reports, financial reports, budgeting, a cash-flow analysis and other tools, utilizing the right software system(s).

We will present recommended software packages for you to choose from, and will acquire, setup, implement, and train all users to operate the accounting software best suited to your needs.

A consultation on site will help us customize the most efficient system for our you, using our assessments:

✔ Analysis of business structure

✔ Analysis of financial transactions

Bookkeeping Services

Accounting is one of the most vital processes used for running a business effectively and efficiently.

Bookkeeping

The services rendered by our affordable and certified bookkeeping experts, enable you to undertake expeditious decisions.

Most business owners are immensely concerned about how their books are managed, so many make one of three mistakes:

  1. Being “careful,” they pay over $100/hour to a CPA firm to manage their books in addition to the tax return, and then when they find it to be too costly, later hire an entry-level bookkeeper full-time, only to incur unnecessary costs, liability concerns, and a costly year-end reconciliation by your CPA.
  2. They attempt to handle the bookkeeping themselves, creating several hours of entry into a software system for the entire year to produce financials in addition to cleanup come tax time, at over $100/hr.
  3. The business owner delivers their statements, receipts, etc. close to tax time and consequently pay their CPA for “quick and dirty” entry and reconciliation, creating massive costs for the business owner, frustration for the CPA, and less time for them to devote to the accuracy of your financials.

Cash flow AND financial accuracy is of GREAT importance for every small business.

We set ourselves apart from other bookkeepers by JOINING your team from the beginning, and partner with you until you’ve outgrown us.

We specialize in the following areas:

⇒ Inventory tracking

⇒ All industries, especially Agriculture, Construction, Manufacturing/Retail, Investment, Restaurants, and Technology.

⇒ Cost Analysis and Cost of Sales calculations based upon actual or standard costing

Saving you time and money performing these tasks:

  • Payroll Processing
  • Accounts Payable and Receivable
  • Auditing current bookkeeping processes
  • Providing various financial & payroll-related administrative services
  • Tracking the General Ledger for accuracy
  • Weekly and monthly Financial Statements and Reports
  • Compiling and reviewing the financial statements (Weekly, Monthly, Quarterly, and/or Annually)
  • Integrating QuickBooks® and other software programs, Excel and third-party software
  • Preparing reports on state and federal payroll taxes
  • Reconciling the bank and credit card statements
  • Balance sheets
  • Monthly closing procedures
  • Sales tax tracking, calculations, and returns
  • Various projects at client’s request

Blue Clock

Time Tracking

Leave it to Profit Source to find the right program for employee time tracking, and we’ll help you maintain and manage your data for payroll purposes. It may be a separate program, or an add-on application for QuickBooks Online, such as T-Sheets, for your employees to enter their time and import into the Payroll data on QuickBooks Online.

Bookkeeping Services

Accounting is one of the most vital processes used for running a business effectively and efficiently.

The services rendered by our affordable and certified bookkeeping experts, enable you to undertake expeditious decisions.

Most business owners are immensely concerned about how their books are managed, so many make one of three mistakes:

  1. Being “careful,” they pay over $100/hour to a CPA firm to manage their books in addition to the tax return, and then when they find it to be too costly, later hire an entry-level bookkeeper full-time, only to incur unnecessary costs, liability concerns, and a costly year-end reconciliation by your CPA.
  2. They attempt to handle the bookkeeping themselves, creating several hours of entry into a software system for the entire year to produce financials in addition to cleanup come tax time, at over $100/hr.
  3. The business owner delivers their statements, receipts, etc. close to tax time and consequently pay their CPA for “quick and dirty” entry and reconciliation, creating massive costs for the business owner, frustration for the CPA, and less time for them to devote to the accuracy of your financials.

Cash flow AND financial accuracy is of GREAT importance for every small business.

We set ourselves apart from other bookkeepers by JOINING your team from the beginning, and partner with you until you’ve outgrown us.

We specialize in the following areas:

⇒ Inventory tracking

⇒ All industries, especially Agriculture, Construction, Manufacturing/Retail, Investment, Restaurants, and Technology.

⇒ Cost Analysis and Cost of Sales calculations based upon actual or standard costing

Saving you time and money performing these tasks:

  • Payroll Processing
  • Accounts Payable and Receivable
  • Auditing current bookkeeping processes
  • Providing various financial & payroll-related administrative services
  • Tracking the General Ledger for accuracy
  • Weekly and monthly Financial Statements and Reports
  • Compiling and reviewing the financial statements (Weekly, Monthly, Quarterly, and/or Annually)
  • Integrating QuickBooks® and other software programs, Excel and third-party software
  • Preparing reports on state and federal payroll taxes
  • Reconciling the bank and credit card statements
  • Balance sheets
  • Monthly closing procedures
  • Sales tax tracking, calculations, and returns
  • Various projects at client’s request

Time Tracking

Leave it to Profit Source to find the right program for employee time tracking, and we’ll help you maintain and manage your data for payroll purposes. It may be a separate program, or an add-on application for QuickBooks Online, such as T-Sheets, for your employees to enter their time and import into the Payroll data on QuickBooks Online.

QuickBooks Consulting

QuickBooks is easy, fast and seamless. Sometimes you need a little help getting it there.

QuickBooks is accounting software that leads the market as the essential tool for maintaining accounting for small businesses. It is user-friendly and allows your business to track expenses, prepare and send invoices and financial statements, track inventory, and perform a variety of other functions. We offer complete company accounting setup, and provide on-site training and unlimited support.

Quickbooks Badge

Our Certified ProAdvisor services may include:

  • Setting up your business in QuickBooks using our ProAdvisor discounted rate
  • Maximizing the benefit of financial reporting including budgets, comparatives and FLASH reports
  • Correctly using accounts receivable, accounts payable, payroll, and inventory modules
  • Effectively using classes, items and chart of accounts
  • Setting up and using online banking and credit card download features
  • Using client data review to reclassify transactions
  • Using financial reporting through Intuit statement writer
  • Help your in-house bookkeeper solve problems using QuickBooks

QuickBooks Consulting

QuickBooks is easy, fast and seamless. Sometimes you need a little help getting it there.

QuickBooks is accounting software that leads the market as the essential tool for maintaining accounting for small businesses. It is user-friendly and allows your business to track expenses, prepare and send invoices and financial statements, track inventory, and perform a variety of other functions. We offer complete company accounting setup, and provide on-site training and unlimited support.

Our Certified ProAdvisor services may include:

  • Setting up your business in QuickBooks using our ProAdvisor discounted rate
  • Maximizing the benefit of financial reporting including budgets, comparatives and FLASH reports
  • Correctly using accounts receivable, accounts payable, payroll, and inventory modules
  • Effectively using classes, items and chart of accounts
  • Setting up and using online banking and credit card download features
  • Using client data review to reclassify transactions
  • Using financial reporting through Intuit statement writer
  • Help your in-house bookkeeper solve problems using QuickBooks

Payroll Services

FULL-SERVICE PAYROLL PROCESSING AND HR SERVICES

Payroll Services

We manage the payroll needs of businesses with one to 1,000 employees, and we’re ready to help you. No matter the size of your staff, their full-time/part-time/contractor status or pay schedule, we can handle your payroll needs. We also can help manage employees who receive tips, are commission-based, receive bonuses, or even advance payments.

Trying to manage payroll can be a hassle…and it can also lead to substantial penalties if it’s not done correctly or on time. From processing checks and direct deposits for each employee, to the required reporting of new hires, withholding and payment of FICA, garnishments, child support, union dues and other issues, we can take care of all of the tedious work. This means you can get back to running your business and keep this confidential information out of the office.

Consider our full range of payroll and human resources services and let us take the pain out of your payroll:

✔ Full-Service Payroll

✔ Human Resources & Employee Benefits

✔ Workers’ Compensation

✔ Background Checks

✔ Labor Law Poster Solutions

✔ Health insurance

Payroll Services

FULL-SERVICE PAYROLL PROCESSING AND HR SERVICES

We manage the payroll needs of businesses with one to 1,000 employees, and we’re ready to help you. No matter the size of your staff, their full-time/part-time/contractor status or pay schedule, we can handle your payroll needs. We also can help manage employees who receive tips, are commission-based, receive bonuses, or even advance payments.

Trying to manage payroll can be a hassle…and it can also lead to substantial penalties if it’s not done correctly or on time. From processing checks and direct deposits for each employee, to the required reporting of new hires, withholding and payment of FICA, garnishments, child support, union dues and other issues, we can take care of all of the tedious work. This means you can get back to running your business and keep this confidential information out of the office.

Consider our full range of payroll and human resources services and let us take the pain out of your payroll:

✔ Full-Service Payroll

✔ Human Resources & Employee Benefits

✔ Workers’ Compensation

✔ Background Checks

✔ Labor Law Poster Solutions

✔ Health insurance

Financial Analysis, Reporting & PowerPoint Presentations

Do you know what your Financials are telling you? Need a presentation for your investors?

financial analysis

You’re in business to make money, right? By truly understanding your financials, you can reduce costs and increase profits. Strong financial analysis is what separates industry leaders from the rest of the pack.

Make tough business decisions a little easier by gaining an understanding of your costs and determining profitability at a product level. Create inefficiencies, too. Have you evaluated your processes? Simple changes in how you operate can reduce costs.

And, wouldn’t you love to know how you stack up against the competition? Profit Source allows you to see industry trends and performance gaps. Our financial analysts can help you determine your true costs so you see where you are making – and losing – money.

Financial Analysis, Reporting & PowerPoint Presentations

Do you know what your Financials are telling you? Need a presentation for your investors?

You’re in business to make money, right? By truly understanding your financials, you can reduce costs and increase profits. Strong financial analysis is what separates industry leaders from the rest of the pack.

Make tough business decisions a little easier by gaining an understanding of your costs and determining profitability at a product level. Create inefficiencies, too. Have you evaluated your processes? Simple changes in how you operate can reduce costs.

And, wouldn’t you love to know how you stack up against the competition? Profit Source allows you to see industry trends and performance gaps. Our financial analysts can help you determine your true costs so you see where you are making – and losing – money.

Tax Preparation

Profit Source represents you as a client is represented by his lawyer, and a facilitator between you and your CPA.

Tax Preparation

Businesses require detailed reconciliation and adjustments to move forward with their tax return. This process is normally 90% of the cost of tax your tax return.

Profit Source will reconcile your books to perfection, considering tax advantages, at a low rate to save you hundreds, perhaps thousands in accounting fees. We’ll be happy to forward your tax-ready financials and associated workpapers needed for the CPA to file.

Tax Preparation

Profit Source represents you as a client is represented by his lawyer, and a facilitator between you and your CPA.

Businesses require detailed reconciliation and adjustments to move forward with their tax return. This process is normally 90% of the cost of tax your tax return.

Profit Source will reconcile your books to perfection, considering tax advantages, at a low rate to save you hundreds, perhaps thousands in accounting fees. We’ll be happy to forward your tax-ready financials and associated workpapers needed for the CPA to file.

Price Tag

Rates

Each business has its unique needs and require a unique and specialized plan. In most circumstances we can perform all setup and clean-up services starting at $50/hr.

After all is set and ready, we prefer to set a low, flat monthly rate starting at $100/month, and all include the following:

  • The GUARANTEE that you will receive a call or email returned to you within the day, if not immediately
  • Unlimited communication – Never more will your phone calls and emails be billed by the minute
  • We are here for you, at night and during weekends to answer your questions or solve a problem

Rates

Each business has its unique needs and require a unique and specialized plan. In most circumstances we can perform all setup and clean-up services starting at $50/hr.

After all is set and ready, we prefer to set a low, flat monthly rate starting at $100/month, and all include the following:

  • The GUARANTEE that you will receive a call or email returned to you within the day, if not immediately
  • Unlimited communication – Never more will your phone calls and emails be billed by the minute
  • We are here for you, at night and during weekends to answer your questions or solve a problem