Why Work With Lucidity Bookkeeping?
The Top 8 Reasons to Work with a Bookkeeper
Save time on monthly bookkeeping tasks
Every second you spend on bookkeeping or other administrative business activities is time that you could’ve spent growing a better, more sustainable business. Do you feel like you could use more time dedicated to product development, marketing, or customer experience? We can help!
Instead of letting bookkeeping sink to the bottom of your to-do list and scrambling to catch up during tax season, let Lucidity Bookkeeping alleviate the stress of monthly bookkeeping by taking hours of tedious, time-consuming work off your plate. Our services help clients stay up to date on their bookkeeping at all times, with no fuss! It’ll be like adding an entire day of productivity to your work week.
Never miss an unpaid invoice again
Late and unpaid invoices put a huge stress on your business’s cash flow, making it more difficult to accomplish your business goals. Lucidity Bookkeeping helps clients manage their invoicing more efficiently in a few different ways. From putting DIY systems in place that help you manage your own billing process to sending invoices and invoicing reminders for you, we offer a range of options to help you get paid on time, every time!
We can even help you track down missed payments and assess late penalties where applicable. These services help you ensure that you can meet your financial obligations and that cash flow stays steady.
Identify and fix cash flow issues at the source
We handle the day-to-day recording of invoicing, receipts, and other transactions for all of our monthly bookkeeping clients. This gives us the opportunity to truly understand our clients’ financial dynamics, including income, expenses, and spending habits.
Our knowledge of how your company operates allows us to identify negative cash flow trends immediately and to provide you with solutions and habits that maintain healthy cash flow. This helps our clients run much more efficient and sustainable businesses.
Focus more on growing your business
How can you make smart business decisions if you’re not sure where your company stands financially? By keeping up with our clients’ bookkeeping and providing monthly financial statements, we enable our clients to grow more quickly and efficiently!
We help clients:
• Identify spending patterns
• Create and manage budgets
• Cut unnecessary spending
• Forecast seasonal ups and downs
• Determine the best times of the year for major purchases
• And more!
Have a smooth and easy tax season
Working with Lucidity Bookkeeping means that your books will be up to date and accurate. We categorize your transactions, file receipts in the cloud, and reconcile accounts monthly. When tax season rolls around, we’ll generate your end-of-year financials and put them in a neat package to send over to your CPA.
The result? You’ll never need to scramble to find your documents again, and filing your taxes will be simpler, more affordable, and more efficient than ever before!
Be prepared in case of an audit
Though IRS audits are unlikely, being prepared for one is essential for all small businesses! The truth is, audits are only scary if you don’t have an audit trail prepared. Luckily for our clients, we establish and maintain clear data records. This means that even if you are faced with an audit, you are better prepared to verify the accuracy of your return. So, you can avoid unnecessary stress and get back to running your business!
Have the resources to secure the capital you need
When it comes to securing capital for your business, being profitable just isn’t enough. Prospective creditors want to see the full picture of your business performance and will expect to have clear financial records that indicate your cash flow, existing debts, assets, and more.
Our clients have easy access to this type of financial information, giving them enhanced opportunities to secure bank loans, solicit investments from key stakeholders, or even sell their business when the time is right. Coming up with your company’s valuation will be so much easier with solid financial records that prove what your business is truly worth!
Keep more of your money in your pocket and give less to the IRS
When it comes to your business expenses, the IRS wants to see the receipts! Not literally – unless you’re audited – but you will need to have a receipt for every business expense, or face the ramifications in the event that you’re audited. We help clients lower their tax liability by tracking every single expense and receipt. We even help our clients identify tax credits that could help them lower their tax burden. That means more money to go toward growing your business and less money given to Uncle Sam.
