Service-Based Businesses

Learn more about how we can help you with your Service company.

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Bookkeeper360 is very streamlined...and makes financials very easy to understand.

- Alexia fromUrban steam lab

At Urban STEAM Lab, every child has the opportunity to use their own hands and intuition to investigate, tinker, and create.

Control your cash flow

Managing cash flow is an essential element of running a successful service-based business. You may be forced to wait up to 90 days for payment from customers, but still need to pay your employees in the interim. That's why it's so important to have a clear understanding of both who owes you money and who you owe money to. Bookkeeper360 can help take the guesswork out of this process by keeping your books updated and providing a detailed view of your accounts receivable and payable at all times.

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Accurately track and record expenses

It is critical for service-based businesses to accurately track and record expenses in order to maintain efficient cash flow. Bookkeeper360 helps you understand where your money is going, identify potential areas of savings, keep an eye on spending trends, and plan for future expenses. Accurate records also ensure you pay only what you owe in taxes — and nothing more. And if you need funding, having up-to-date records makes it easy for you to clear due diligence with lenders.

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See at-a-glance project profitability

If you want to be successful as a service-based business, you need to know the profitability of your projects. You'll gain insight into which services generate the most revenue and how effective your team is at managing costs. You'll better allocate resources and make more informed decisions when selecting and quoting future projects. Good project profitability tracking also helps build trust with clients by providing clarity around pricing and demonstrating a commitment to delivering quality work that is cost-effective. And most importantly, Bookkeeper360's project profitability tracking helps you maximize your profits.

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Mark buggs

Service-Based Resource Hub

8 reason to hire us

Relationships are important when handling your accounting. That is why our accountants and CPAs are 100% US-based, W-2 employees of our company, and paired with you, so that you have a personal, 1 to 1 relationship for your accounting and finances.

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9 Considerations for Outsourced Bookkeeping

Bookkeeping is a necessary part of every business, both big and small. It’s no surprise messy or inaccurate books can be a recipe for disaster in your business. However, many business owners fall into the trap of inadequate bookkeeping either due to a perceived elevated cost or because they want to handle it themselves.

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