Rochester Outsourced Accounting
We recognize that 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.
Solutions for your Accounting Challenges
Whether your business needs day-to-day transactional accounting functions or high-level expertise to assist with meaningful financials, Smith Schafer’s accounting services team can help your business optimize financial performance at every stage.
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
One significant benefit you receive when you outsource your accounting is our expertise. Smith Schafer offers scalable accounting services. We can provide a complete menu of services you may need, including bank reconciliations, cash management, and more.
OUTSOURCED ACCOUNTING SERVICES & INDUSTRIES
Outsourced accounting is an effective way of keeping your business focused on the bottom line. Smith Schafer can handle your accounting function so you can focus your time and energy on the things that help grow your business.
Our 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:
Accounting resources
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.
Payroll Tax Credits & PPP Loan Guidance
In the last three weeks, two major pieces of stimulus legislation have been signed into law. Both acts provide opportunities for small businesses, but also require additional tracking for proper reporting.
