Frequently Asked Questions
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Resolution of foundational accounting issues
QuickBooks Online setup and training
Weekly or monthly bookkeeping tasks
Bank reconciliation management
Prevention of financial discrepancies and inefficiencies
Assistance with complex month-end accounting needs
Automation and streamlining of accounting processes
Building financial forecasts
Creating and tracking budgets
Developing cash forecasts
Financial analysis and performance metrics
Dollar Counting Dogs will get your tails wagging with effective financial insights!
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Fractional accounting services encompass a range of financial and accounting solutions tailored to businesses that require part-time or shared accounting expertise rather than hiring a full-time accountant or accounting team. These services can be particularly beneficial for small to medium-sized enterprises, startups, and organizations that need flexible accounting support. Such services allow businesses to access professional financial expertise on a flexible basis, leading to cost savings and improved financial management.
Offerings include:
Bookkeeping: Maintaining accurate financial records, including tracking income, expenses, and transactions.
Financial Reporting: Preparing regular financial statements (such as balance sheets, income statements, and cash flow statements) to provide insights into the company’s financial health.
Budgeting and Forecasting: Developing budgets and financial forecasts to help businesses plan for future growth and manage cash flow.
Advisory Services: Offering strategic advice on financial decision-making, cost management, and growth strategies.
Accounts Payable and Receivable Management: Handling incoming and outgoing payments, ensuring timely invoicing and collection of receivables.
Virtual Controller or CFO Services: Providing high-level financial strategy and oversight without the cost of a full-time financial leader. This assistance can provide key insights on gross margin, pricing decisions, and timing of growth decisions.
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If you’re experiencing any of the below, you may benefit from accounting assistance.
Time Constraints: As a business owner or manager, you may find yourself spending too much time on bookkeeping and financial tasks instead of focusing on core operations and growth. You can get out of the dog house by hiring fractional accounting help!Increased Complexity: As the business grows, financial transactions become more complex, requiring specialized knowledge to manage effectively.
Inaccurate Records: Frequent discrepancies in financial records or difficulty reconciling accounts also indicate you need for professional help.
Cash Flow Issues: If you struggle with forecasting and managing cash flow, budgeting, or general forecasting, you can benefit from expert financial analysis and advice.
Planning for Growth: When considering expansion, investment, or major financial decisions, professional guidance can provide you with valuable insights and strategies.
Audit Preparation: If your business is facing a potential audit or needs to present financial statements to stakeholders, having an accountant can help you ensure accuracy and compliance.
Lack of Financial Insights: If your business lacks clarity on financial performance metrics or struggles to interpret financial reports, it may be time to consult an accountant.
Need for Technology Integration: Experiencing difficulty in implementing or managing accounting software and automation tools can indicate that you need professional assistance.
Recognizing these signs can help your small business take proactive steps toward enhancing their financial management and ensuring long-term success. -
Fees vary depending on complexity of tasks requested and the duration of work (project based vs. monthly bundled assistance). In general, fees are $70-$150 per hour and some monthly contracts have a minimal monthly billing amount.
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To secure your data, Dollar Counting Dogs implements the below security measures:
Firewalls and Security Software: Additional firewalls and security software create a robust defense against unauthorized access and cyber threats.
Password Security: Strong password policies are enforced. Dollar Counting Dogs also recommends that clients also use complex passwords for accounts. Additionally, password management tools are used to further enhance security.
Multi-Factor Authentication: Dollar Counting Dogs implements multi-factor authentication for added security, ensuring that only authorized users can access sensitive information.
Cyber Insurance: Cyber insurance protects against potential data breaches and mitigates risks associated with cybersecurity threats.
Professional Liability Insurance: Professional liability insurance provides an additional layer of protection, ensuring that Dollar Counting Dogs upholds the commitment to high ethical standards and professionalism.
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You can email jasey@dollarcountingdogs.com or call 984-800-1053 to set-up a 15 minute free consultation to discuss your needs and the related fees for that tier of professional services.