Call: 512-547-9019

At Xcel Bookkeeping, our commitment is to maintain precision and timeliness in your financial records. Our diligent efforts include daily transaction reviews and the production of year-end statements, ensuring continuous analysis and monitoring of your financial data. As our client, rest assured that we are vigilant in addressing every facet of your bookkeeping requirements, alleviating your stress and concerns significantly. By entrusting us with your financial management, you regain valuable time to focus on what you excel at and what is most profitable for your business.

Book Clean-Up Services

  1. Organizing, collecting, and updating financial records that haven’t been updated in a while.

  2. Gather Financial information and data.

  3. Review transactions

  4. Identify errors and discrepancies

  5. Correct errors and make necessary adjustments.

  6. Reconcile accounts.

  7. Prepare financial statements.

Daily

  1. Record transactions according to industry-standard Generally Accepted Accounting Principles (GAAP).

  2. Receive, document, and securely store receipts, bills, and statements.

  3. Review and manage Accounts Payable.

  4. Collect vital documents to better categorize expenses.

  5. Review the projected cash flow.

  6. Best business operations recommendations.

  7. Automate data retrieval and submission.

  8. Near real-time financial status updates.

Weekly / Monthly

  1. Reconcile and balance a wide range of bank accounts, credit cards, and loans.

  2. Review and categorize payroll expenses (if elected to do so).

  3. Review actual Profit and Loss vs Budget.

  4. Review End-of-Month Balance Sheet vs prior period.

  5. Update and record depreciation schedules for fixed assets.

  6. Personal meetings to discuss financial statement review, interpretation, and consultation.

  7. Analyze gross and net income levels.

  8. Calculate and record Short-term loans Payable liability.

Quarterly

  1. Review estimated quarterly taxes.

  2. Review sales tax.

  3. Prepare Year-to-Date Profit and Loss estimate.

Annually

  1. Work directly with your CPA to achieve the most accurate books.

  2. Prepare, review, and approve Year-End Reports and Tax Returns.

  3. Annual meeting to review your growth and weak areas.

Additional Services: Accounts Payable, Accounts Receivable, Sales Tax Reporting, 1099 Preparation, Payroll Services, Budgeting, Benchmarking, Quickbooks Desktop Conversion to Online, Quickbooks Training, Vendor Management