SmartBooks' standard bookkeeping solution includes controller-level services to provide internal controls and management oversight for every client we serve. That way, our clients receive valuable benefits that they would otherwise have to hire a controller and invest in expensive IT systems to get.

In addition, SmartBooks can provide customized financial operations, Generally Accepted Accounting Principles (GAAP) financial statements and customized reporting solutions with the goal of delivering the optimal mix of services to support our clients' goals, thus ensuring that they have the information to make good, well-informed business decisions.

Internal controls

» Segregation of duties
» Written approval processes and audit trail
» Confidentiality

Controls are important to ensure not only the accuracy and integrity of financial reports, but also to minimize the risk of fraud or theft. With our system, clients are assured that all bills are reviewed and approved by the right person, in writing and archived in an audit trail, prior to being paid. SmartBooks does not have clients' paper checks nor check-signing authority, and clients can make their own bill payments within the system if they desire. Not a week goes by without a headline appearing in some part of the country about a bookkeeper stealing thousands if not hundreds of thousands of dollars from a client. Our systems and controls prevent unauthorized payments, and we carry insurance.

GAAP financial statements

» Revenue and expenses recognition
» Monthly closing process
» Accurate monthly financial statements

While having financial statements conforming to Generally Accepted Accounting Principles (GAAP) is good for every business, it is especially important for companies with venture capital or other external sources of funding, and for companies anticipating a sale or merger within the next few years. Our goal is to produce accurate monthly financial statements and avoid the need for large year-end adjusting entries that many businesses currently settle for.

Some of these services may represent incremental fees beyond those for core services.

Accounts receivable mangement

» Establish best practices
» Get paid faster
» Less bad debt

It can be difficult for busy clients to prioritize collections, yet they tire of poor cash flow and learning about problems long after it is possible to do anything to prevent them. It's for reasons like these that some clients outsource collections to SmartBooks. We measure current collections performance, identify deficiencies that are hurting cash flow and increasing bad debt and then implement proven best practices throughout the A/R management process. Ultimately we want clients to get paid faster by their customers and write off less of their hard-earned income.

Some of these services may represent incremental fees beyond those for core services.

Custom reporting

» Know your key metrics
» Balanced Scorecards and Dashboards
» Better business decisions

All clients receive standard financial reports every month including cash flow statements. Some clients want enhanced reporting to track additional performance metrics. We are experienced at developing Balanced Scorecards and other dashboard-type reports that provide clients with insight into the performance of their business that goes well beyond core financial results. Ultimately clients should have the information they need to make the best possible business decisions.

Some of these services may represent incremental fees beyond those for core services.

Partial List of Cities we Serve:

Acton MA, Andover MA, Arlington MA, Bedford MA, Belmont MA, Beverly MA, Billerica MA, Boston MA, Braintree MA, Bridgewater MA, Burlington MA, Cambridge MA, Canton MA, Carlisle MA, Chelmsford MA, Chelsea MA, Concord MA, Danvers MA, Dartmouth MA, Dedham MA, Everett MA, Framingham MA, Fitchburg MA, Lexington MA, Lincoln MA, Littleton MA, Lowell MA, Lynn MA, Malden MA, Marlborough MA, Maynard MA, Medford MA, Melrose MA, Methuen MA, Milton MA, Natick MA, Needham MA, New Bedford MA, Newton MA, Northborough MA, Quincy MA, Randolf MA, Reading MA, Revere MA, Salem MA, Shrewsbury MA, Somerville MA, Southborough MA, Springfield MA, Sudbury MA, Taunton MA, Tewksbury MA, Wakefield MA, Waltham MA, Watertown MA, Wayland MA, Wellesley MA, West Springfield MA, Westborough MA, Westford MA, Winchester MA, Worcester MA, Bookkeeping, Bookkeeping Service, Bookkeepers, Accounting, Accounting Service, Tax Planning, Taxes, Controller Services, CFO Services, Outsourced Bookkeeping, Quickbooks, QuickBooks Pro, QuickBooks Adviser, QuickBooks Pro Advisor