Reduce stress, eliminate guesswork, save time and frustration, and rest at ease, confident that your business’s books are dialed in at all times! Fast turnarounds. Timely and accurate books with 100% confidentiality, compliance, and security. It’s time you invest in outsourcing your bookkeeping services with Quiver Bookkeeping & Advising.
Quiver Bookkeeping & Advising is a locally-owned and operated professional bookkeeping and advising company located in Colorado Springs, CO. Owner and chief bookkeeper and advisor, Veronica Quigg, is a Certified Associate Digital Bookkeeper, Certified QuickBooks ProAdvisor, and Certified Dashboard Designer with a double major in Accounting, BS, and Finance, BS, and 10+ years of experience. Our full scope of services includes bookkeeping, payroll, and advising for small/medium businesses (SMBs), with industry expertise in home services, manufacturing, healthcare, construction, retail, and restaurants. Virtual bookkeeping and advising services are available anywhere in the USA.
Our bookkeeping services include Data Entry (w/ QuickBooks and Xero Accounting Software), Estimates & Invoicing, Bank/Credit Card Reconciliation, Accounts Payable (AP)/Accounts Receivable (AR), Tax Account Categorization, Sales Tax Tracking, and Clean-up/Catch-up Work.
Call today to schedule a bookkeeping consultation:
Bookkeeping is the process of systematically recording and tracking a business’s daily financial activities. The purpose of bookkeeping is to ensure that all incoming and outgoing money is recorded in the right way, so you can generate accurate financial statements and file tax returns with ease. If you do not accurately track your business’s financial transactions, you can run into problems such as financial mismanagement, tax issues, cash flow problems, and trouble obtaining funding.
Resource: https://www.irs.gov/businesses/small-businesses-self-employed/why-should-i-keep-records
A bookkeeping service provides your business with organized processes for all of the financial transactions in your business. This can involve:
By implementing these processes, a bookkeeper can help make your business’s bookkeeping easier so that you do not have to worry about financial organization and record-keeping. With consistent bookkeeping, your business’s financial information will be up-to-date, and you will be able to spend less time sorting through financial paperwork and spreadsheets and more time focusing on growing your business while knowing that your books are in good hands.
While bookkeeping focuses on maintaining the day-to-day financial records of a business, an accounting firm, or a tax professional uses this data to file taxes and provide financial advice and planning services.
At Quiver Bookkeeping and Advising, we combine the historical data of bookkeeping with the forward looking data analysis of Accounting to provide KPI (Key Performance Indicator) Dashboards and advisory services.
Resources: https://www.snhu.edu/about-us/newsroom/business/what-is-bookkeeping
Our bookkeeping services start at a very competitive $300 per month. During your free consultation, we’ll discuss the full scope of bookkeeping services you’ll be needing in addition to other responsibilities such as advising or payroll to give you a competitive rate. Often, outsourcing your bookkeeping to reduce costly errors and optimize financials will more than often pay for itself.
Yes. While accounting rules and reporting requirements differ for legal business entities, every business, large or small, can benefit from accurate professional bookkeeping.
Yes. Our job is to set up your books to automatically apply the appropriate sales tax percentage to each and every invoice and sales receipt that applies. Your sales tax rates are recorded in the software by:
This process helps us avoid collecting too little or too much.
Resource: https://tax.colorado.gov/sales-use-tax
If you use QuickBooks they file the sales taxes for you. Otherwise, Yes. If your business is required to collect sales tax, we prepare all the required sales tax forms for you to send out. We retrieve the correct sales tax amounts from your account and submit those figures, along with the payment, to the appropriate state or local tax office for the appropriate state or local forms. We will file your sales tax in accordance with the frequency you are required to file (monthly, quarterly, annually, etc.).
Sales tax laws are ever-changing and require you to stay current to ensure compliance, but we will make sure we stay informed about any changes or additions to them. We keep an up-to-date list of all sales tax rates for your applicable jurisdictions and ensure you record all taxable and non-taxable sales. We are here to help you avoid fines or tax office audits for any non-compliance.
Yes. We also have experience navigating the complexities of e-commerce and multi-state economic nexus thresholds, which can get complicated pretty fast! We can provide advanced bookkeeping and sales tax solutions that integrate with your online platform, allowing us to monitor your sales in each state. As you reach the filing threshold in a new state, we can help you register to ensure you remain compliant.
Yes. Our professional accounting services extend beyond daily bookkeeping to include financial records clean-up. We can take the messy financial records you’ve accumulated over time, analyze your current ledger for inaccuracies, and get you back on your regularly scheduled accounting services in a jiffy. Our services include a comprehensive clean-up of your general ledger to identify errors in transaction categorization and bank reconciliations, broken QuickBooks integrations, and other issues. Once these errors have been identified, we can provide services to repair and restructure your chart of accounts, correct misclassifications and other accounting errors, and get your books in shape.
Similar to our clean-up services, we can take on financial records we’ve missed due to unavailability or falling behind and get your books back on track. We can help you catch up on any months or years your bookkeeping may have fallen behind on. This involves collecting all the bank statements, credit card records, and payroll reports that were missing from the last accounting period, organizing, categorizing, and reconciling the data, and entering them into your general ledger to bring you up to date on your current state of affairs. We can perform catch-up bookkeeping one month or multiple months at a time, helping you to get caught up on your books and get on with running your business.
This question is an essential component of our catch-up and clean-up services and can be done in conjunction. To identify these errors, we will review your books, checking for duplicate transactions and double entries in your ledger, incorrect opening balances in your bank accounts, zero expense entries with a negative balance, and outstanding checks that were never cleared. To correct these errors, we will simply record journal entries to offset prior errors without affecting already-closed periods. This can then be used as a reference point for our accounting services moving forward.
In most cases, catch-up work can be completed in a week, depending on the time and transaction volumes required, the number of entries in your general ledger, and the amount of missing data you may have accumulated. This could also be completed faster or more slowly, depending on how much work we have to complete for you. We will perform an initial diagnostic review to determine whether your financial books are in order. At the end of the review, you will have a better sense of the timeline and the scope of work that is necessary to get your books in order.
“AIM FOR ACCURACY. HIT YOUR FINANCIAL TARGETS”—The key to staying on top of your accounts is to understand your books. Quiver Bookkeeping & Advising offers a complete range of bookkeeping services to ensure that your books are accurate, your bills are paid, and your business is in good standing.
With an accurate accounting ledger, a healthy cash flow, and compliance with all tax regulations, your business will have a solid foundation from which to grow and thrive. Quiver Bookkeeping & Advising is a Colorado Springs leading bookkeeping service for business owners, providing the accounting infrastructure to keep your books up to date and accurate.