Our Innovative Services

Expertise | Commitment | Transparency | Value

With our flexible service packages, we can assist you with your bussiness's Bookkeeping, Accounting, Business Compliance, CFO Consulting, and so much more!

Here at Innovation Bookkeeping and Consulting we provide an array of services to promote a Strong and Reliable Accounting foundation

Our Services

    • Client Admin & QuickBooks Management (Ind. Advanced ProAdvisors)

    • Client Monthly/Quarterly Meetings

    • Client Standard Operating Procedures

    • Monthly, Quarterly, and Year End Closes

    • Accounts Payable

    • Accounts Receivable

    • Payroll Management

    • E-Commerce

    • Project/Cost Accounting

    • Inventory Accounting

    • Sales Tax

    • Business License

    • Business Property Tax

    • Commercial Activity Tax

    • Benificial Ownership Information

    All Client local and/or state returns (outside of Federal/State Income Tax returns) will be considered

    • Business Growth Strategies
      - For Team Utilization and Labor Burden
      - Goal Development and Execution

    • Budget Creation and Management

    • Cashflow Management and Forecasting

    • Team Development, Training, Advising, and Mentorship

Bookkeeping Cycle

Step 1
Pre-Close Process

  • Verify that all transactions have been posted

  • Resolve any outstanding issues or discrepancies

  • Request/Download asset and liability statements

Before closing the books, ensure that all transactions are posted, asset and liability statements are requested or downloaded, and any outstanding issues or discrepancies are resolved. It is essential to check that all entries have been accurately recorded and classified properly in the Client’s accounting software.

Step 2
Close Process

  • Complete asset and liability reviews

  • Reconcile the BS, IS, and CF statements

  • Run financial statements for the period

  • Post any necessary adjusting journal entries

Start by running financial statements for the period that needs closing. The balance sheet, income statement, and cash flow statement must be reviewed and reconciled to ensure accuracy. Once this is complete, post any necessary adjusting journal entries before closing the books.

Step 3
Post-Close Process

  • Validate the accuracy of all financial reports and statements

  • Share reports with relevant stakeholders

After the books have been closed, validate that all financial reports and statements are accurate. Share these reports with the relevant stakeholders, such as the financial team and management.

Step 4
Document Management

  • Securely store all files, workpapers, statements, and receipts related to the bookkeeping close workflow

  • Schedule Client close meeting within two (2) weeks of close completion

Document all activities related to the bookkeeping close workflow for future reference. Ensure that all files, including financial statements, invoices, and receipts, are stored securely and easily accessible.

Our Client’s Experiences!

" The reputation of Innovation's founder proceeded its inception.
Kimberly and Trinity have always been exceptional - with their knowledge, skills, communications and the way they take ownership of our company's books - always making valuable suggestions for simple changes we can make to improve cash flow and profitability.
I recommend their service to any small business that wants to create a profitable business and an exit strategy. "

Paula Langguth | StoneWolf Gardens

Innovation Bookkeeping & Consulting Resources

Here are some apps we utilize and recommend for any business owner!
Click “Learn More” to check them out!

Gusto's people platform helps growing businesses onboard, pay, insure, and support their hardworking teams with payroll, benefits, and more.

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Modernize workflows with Zoom's trusted collaboration tools: including video meetings, team chat, VoIP phone, webinars, whiteboard, contact center, ...

Shop thousands of high-quality on-demand online courses on Udemy. Learn on your schedule. Advance your career.

MemTime fully automatically records all programs and displays your working day – to help you remember every minute. This saves 75% of your time spent on time tracking.

94% of accounting professionals agree that QuickBooks Online saves them and their clients time by automating features like recurring transactions and bank feeds.