Remote Bookkeeping & Financial Reporting With CPA Oversight

Accurate books should do more than make tax season easier. Cromwell Wealth Strategies provides remote bookkeeping, reconciliations, financial reporting and CPA-level oversight so business owners can understand what is happening in the business and make decisions with better information.

Clean books. Useful financials. Better decisions.

Bookkeeping is most valuable when the records are accurate, current and organized in a way that supports the owner. The goal is not simply to enter transactions. It is to maintain dependable financial information, identify issues early and create a foundation for tax planning, cash-flow review and business decisions.

Categorization and review of business transactions, maintenance of the general ledger, recurring account review and support for a consistent monthly close.

Reconcile business checking, savings and credit-card accounts so the accounting records agree with the underlying financial accounts.

Prepare and review core financial reports such as the profit and loss statement and balance sheet, with reporting organized so the owner can understand the business more clearly.

Bring prior periods current when books are behind, inconsistent or need reclassification before reliable reporting or tax work can begin.

Review accounting quality, unusual balances, classification issues and financial trends that may require additional attention or discussion with the owner.

When bookkeeping reveals a tax, cash-flow, entity, compensation or ownership issue, the matter can move into a separate advisory or planning engagement instead of waiting until year-end.

Built for owners who want dependable books without building an internal accounting department.

• Small and closely held businesses
• Professional and service businesses
• Real estate and investment entities
• Owners whose books are behind or inconsistent
• Businesses using QuickBooks or similar cloud accounting systems
• Owners who want ongoing bookkeeping with access to higher-level CPA advisory when needed

Bookkeeping records what happened. Advisory helps decide what happens next.

Some clients need straightforward recurring bookkeeping. Others need help understanding cash flow, profitability, owner compensation, entity structure, financing, growth, succession or a future sale. When the issue goes beyond maintaining the books, Cromwell Wealth Strategies can separately scope the analysis and advisory work needed.

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Need more than bookkeeping? Explore Business Advisory & Financial Oversight.

Step 1: Understand the business

Step 2: Review the records

Determine whether the books are current or whether cleanup is required before recurring bookkeeping begins.

Step 3: Establish the monthly process

Agree on document flow, account access, reconciliation responsibilities, reporting cadence and questions that need owner input.

Step 4: Review and communicate

Complete the agreed bookkeeping work, provide financial reports and flag accounting or advisory issues that require attention.

Accounting should support the tax return and the business decision.

Bookkeeping decisions affect financial statements, tax reporting and the information owners rely on throughout the year. CPA oversight helps keep the accounting connected to the larger financial and tax picture, particularly when transactions, entities or ownership become more complex.

The service is tailored to the business.

The exact bookkeeping scope depends on transaction volume, number of accounts and entities, payroll and sales-tax responsibilities, condition of the existing books, reporting needs and the accounting system being used. Payroll processing, bill payment, invoicing, tax return preparation and other functions are included only when specifically agreed in the engagement scope.

Chad Cromwell, CPA has more than 20 years of experience in accounting, tax, business ownership and client advisory. He founded and operated a multi-location CPA practice and has worked with business owners, real estate investors and closely held companies across bookkeeping, financial review, tax planning and major business decisions. That experience helps connect the accounting records to the questions owners actually need answered.

Need cleaner books and financial information you can actually use?