What gets Measured gets Managed

This is a much repeated tenet in the business consulting world, but there’s a good reason for that – it’s true.  And it’s one of the most overlooked.

  • Does your accounting information Help You make business decisions?
  • Do you review financial reports such as monthly Income Statements, your Balance Sheet or sales by product line?
  • Do you have a budget for expenses and a forecast of future sales?

“What gets Measured gets Managed” basically translates to “You can’t fix it if you don’t know what’s broken”

Your accounting functions should be timely, accurate and valuable to you as the CEO of your business – not just a requirement for your taxes.  You should be looking at reports and trends every month (at least).  You should be analyzing your profit margins, your expense trends and sales performance.  You should be using this information to forecast future results.  You should be comparing your forecast to your actual results every month – identifying variances and making changes to your business.
All of this sounds obvious to a corporate CEO or accountant, but the average small business owner often handles duties ranging from CEO to janitor and everything in between.  There’s only so much time in the day - taking care of customers and generating revenue are the priority.
What every business requires are the systems and processes needed to handle day-to-day processes AND generate valuable data for the decision makers.  At BALANCED, we work with each business owner to design process and procedures that fit your specific needs – at a price that fits your budget.  There is no “one size fits all” solution for every business.
Think about your accounting system – does it give you what you need, or is it just a pain in the neck?
If you’re ready to get serious about managing your business, contact us today and get BALANCED.

Fully Outsource, Do-It-Yourself or something in between - What's right for your business?

Every business is different - and many factors such as how you interact with your customers, how you bill and collect money and your ownership structure have an effect on what your business needs in your "accounting department".

At BALANCED, we serve businesses of all shapes and sizes - from the one person sole-proprietors to the international partnerships.  And we customize our services to streamline the business operations and keep costs down.

Some business owners just need a little help every now and then to keep them on track.  They don't spend more than a couple of hours a month on their bookkeeping or payroll - and it's not interfering with their other duties.  That's why we created the Do-It-Yourself (with Help) services to give business owners to the tools and support they need.

Other business owners aren't so lucky...  Often owners are so busy taking care of their customers that they get behind on sending out their invoices.  Pretty soon their cash flow is getting thin because they can't get the invoices out on time - even if their customers are paying on time.  Payroll for more than a few employees can quickly become too much to handle.  It can all become very time consuming and frustrating very quickly. 

And every hour wasted doing basic tasks is an hour that could have been spent generating revenue or adding new customers.  It's a cost/benefit decision that's different for every business.

We've learned over the years not to force a one-size-fits-all approach to business services. Outsourcing to a team of professionals will get things done in half the time - and you know it's being done right.

We can work with you to determine the best mix of tools and services to improve the efficiency and profitability of your business.

Contractor or Employee? that is the question...

Whether ‘tis nobler to suffer the slings and arrows of the IRS contractor rules or to take arms with a payroll system…

The rub here is that the IRS and state regulatory agencies are making a renewed effort to enforce the rules regarding the distinction between a contractor and an employee. 

I won’t bore you with all of the details of the “behavioral control”, “financial control” and “type of relationship” rules that the IRS uses to determine the difference between a contractor and employee.  The bottom line is, if you think that one or more of your contractors should probably be treated as employees, you’re probably right. 

And the penalties are significant.

The good news is that “payroll” doesn’t have to be difficult or expensive.  At BALANCED, we provide full-service payroll services and a Do-It-Yourself solution – both of which eliminate the cumbersome forms and expensive payroll services of the past.

(my apologies to Shakespeare for the lame spoof...)  

Why pay for a bookkeeping service AND a payroll service?

While many other firms are afraid of handling payroll services, BALANCED believes in providing comprehensive accounting solutions for business owners.  

Why pay for a bookkeeper and a high-cost payroll service? 

And the big secret that the large, corporate payroll providers don't want to discuss is Tax Payments.  With most payroll firms, your tax liability payments are taken from your account on the same day as payroll funds.  These payments aren't due to the IRS for another week or month or maybe not until the end of the quarter.  That's your money, being held up to a month, that could make a big difference in your cash flow.

With BALANCED, we make these tax payments electronically, the day they're due.  We don't believe you should loan your money to big corporations or the IRS.

BALANCED provides the same high-quality payroll processing services as the big boys at a fraction of the cost.  And we provide the efficiency of working with one provider to fulfill all of your accounting functions - including the payroll and tax filing services that put fear in the hearts of some bookkeeping firms. 

Efficient, Cost Effective and Accurate.  

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