CITB Accounting & Bookkeeping
Suffolk, VA, USA
Suffolk, VA, USA
CITB Accounting and Bookkeeping helps businesses owners increase business performance and growth through our Accounting and Bookkeeping Services.
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What kind of accounting services do you provide?
Accounting, Bookkeeping, Payroll, Business Consulting
Why is it so important for businesses to hire a great accountant?
Having a professional that you can trust and rely on to get the job done correctly, and at the agreed upon terms should be the outcome of every contract or agreement, but things don’t always go as planned. For this reason, it is important to hire a great accountant, someone who can deliver services as promised repeatedly. To grow my practice, I will only list services I have done before and can complete as agreed in the client agreement.
What do you love most about your job?
What I love most about my job is satisfying and solving client’s business needs.
What inspired you to start your own business?
What inspired me to start my own business was while pursuing my Masters in Accounting, I could not find an internship in my area, so I created my own business as my internship.
Why should our clients choose you?
Clients should choose working with me because, I will be strongly focused and concerned about understanding their needs, and if my services are best for them, this will not always be the case.
Can you provide your services online or remotely? If so, please add details.
Yes, my accounting services can be provided online and remotely. This is because the bookkeeping and accounting services software I use can import all requested information to and from the client online .
What changes have you made to keep your customers safe from Covid-19?
Because my accounting services are online and done remotely 90% of the time, meetings will be conducted virtually not needing CoVid precautions. For the 10 % of the in person meetings I conduct, I do always wear a mask, and I have had all three Covid shots. I do not require clients to wear a mask while we meet.
Bookkeeping Services
The benefits of tidy books and financial statements is they provide the data you need to correct your business month to month until it runs efficiently and profitably. Monthly Income Statements can help you create a budget and boost profitability. Expense Reports let you spot trends in your spending and better control your cash flow. Maximize revenue, know your strengths, plot a course for success: bookkeeping and reporting with me is everything you need to gain the upper hand .CITB Accounting and Bookkeeping does this in three phases.
Three service phases :
Phase (1) In the cleanup/setup phase, I will help you set up your chart of accounts, connect your banks, and teach you the basics of QuickBooks. If you have information in QuickBooks already, I will help you clean it up.
Phase (2) As part of ongoing bookkeeping, I will categorize your transactions and reconcile your accounts.
Phase (3) Once that is completed, I will close your books and confirm they’re accurate by preparing a trial balance. I will then send you PDF copies of key financial reports, including your profit and loss statement and balance sheet.
Full-Service Bookkeeping doesn’t include sending invoices, paying bills, or management of inventory, accounts receivable, accounts payable or payroll. The service doesn’t include financial advisory services, tax advice, facilitating the filing of income or sales tax returns, creating or sending 1099s, or management of payroll. These services are accounting services and offered at an additional cost (see Accounting Services).
Included in the Bookkeeping Service:
Importing old lists and receipts
Set up chart of accounts
Bank connections
Weekly categorizing of revenues and expenses transactions
Account reconciliations
Profit and loss statement and balance sheet
Financial reports
Accounting Services
The primary role of accounting is to maintain a systematic, accurate and complete record of all financial transactions (bookkeeping) of a business. These records are the backbone of the accounting system. Business owners should be able to retrieve and review the transactions whenever required.
Bookkeepers and accountants sometimes do the same work, but have a different skill sets. In general, a bookkeeper’s role is to record transactions and keep you financially organized, while accountants provide consultation, analysis, and are more qualified to advise on tax matters.
Accounting assists in a range of decision-making process and help owners in developing policies to increase the efficiency of the business . Some examples of decisions based on accounting information include the price to be charged for products and services, the resources needed to make these products and services and financing and business opportunities.
As your Accountant and Bookkeeper, I will create reports regularly to assist you in determining how well your business is performing. The financial reports are a reliable source of measuring the key performance indicators, so you as the business owner can compare your business against the past performance, as well as against the competitors.
Accounting Services Package includes:
Bookkeeping Services
Invoicing
Accounts Receivable Management
Accounts Payable Management
Management of Expenses
Billing / Payments
Monthly Financial Statement Preparation
Financial Statement Analysis
Consulting Services
Weekly, Monthly, Quarterly Reporting
Forecasting
Budgeting
Payroll Services
I work with clients to ensure that their employees are paid on time and that all of an employer’s legal obligations are met. I help take the worry out of the payroll processes. Doing my job efficiently allows my clients to focus on important enterprise tasks instead of worrying about how and when individual employees will be paid.
Additional to that, outsourced payroll solutions provide increased accuracy when compared to in-house payroll management as it gets prepared, analyzed, and evaluated by qualified professionals. I help free up both time and resources allowing you to focus more on core tasks. Outsourcing my payroll services, reduces cost and risks to you.
Payroll Services include:
Creating paychecks
Direct deposits for 1099 contractors and employees,
Automatic payroll for salaried employees paid via direct deposit.
Time tracking
Next-day and same day direct deposit
Employee health benefits.
401(k) plans.
