Minneapolis Outsourced Accounting
We recognize business owners require consulting beyond the traditional services offered by a CPA firm. Whether you need help with your books, an accounting department, or a controller, we can help.
Managing your business accounting needs can be time consuming, stressful and costly.
Smith Schafer can help with your accounting functions so you can focus your time and energy on growing your business.
Outsourced accounting provides you with:
- A better understanding of your financial condition
- More free time to focus on your business and craft
- Expert guidance towards your financial goals
Smith Schafer offers scalable accounting services. Whether you need help managing daily transactions or assistance with more strategic decisions, such as software analysis or outsourced CFO services, our accounting professionals can give you back valuable time and resources so you can focus on growing your company.
Outsourced Accounting Services:
- CFO Services
- Monthly Bookkeeping
- Monthly/Quarterly Bank Reconciliations
- Payroll Support
- Financial Reporting
- Accounts Payable Processing
- Forecasting and Budgeting
- Invoice Preparation
- Account Receivable
- Accounting System Design and Set Up
- Payroll Tax Return Preparation
- Quickbooks Pro Advisor Consulting
We know your industry:
LESS TIME WORRYING ABOUT ACCOUNTING MEANS
MORE TIME TO FOCUS ON WHAT YOU REALLY CARE ABOUT.
Contact us today to learn more about how we can take the burden of accounting off your plate.
Accounting resources
4 Cost Accounting Basics You Should Know About
Cost accounting aims to capture a company’s total production cost by assessing the variable costs of each step of production. It is a process of gathering, examining, summarizing, and evaluating various alternative courses of action.
COVID-19 Relief for Accounting Standards
On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-05, bringing relief for both for-profit and nonprofit entities. The standard allows entities who have not yet issued their financial statements to DELAY the implementation of ASU 2014-09, Revenue Recognition from Contracts with Customers (ASC 606).
10 FAQs: Accounting for PPP Loans and Forgiveness
Under the Paycheck Protection Program (PPP), the federal government authorizes up to $349 billion in forgivable loans to small businesses during the COVID-19 crisis. Small businesses are receiving loans, and many have questions on how to account for the funds, expenses, and forgiveness in their accounting records.