© 2019 by Savoy Bookkeeping and Tax Services, LLC

  • Revenue Recognition

  • Expense Management

You’re in business to make money, and accurate accounting for your revenue lets you know exactly how you’re doing.

Savoy Bookkeeping and Tax Services (Savoy) will provide you with a team of expert bookkeepers. We can set you up with the latest payment technology and help you achieve your revenue goals.

Make it easy to get paid

Whether you get paid by invoice, POS or mobile payment processor, the Savoy team will ensure all your transactions are properly accounted for. We’ll set you up with cloud accounting software that accurately tracks the revenue collected through each payment method. We can also advise you on new payment and POS systems that work for your business – and your wallet!

Insight into your revenue, at all times

One of the challenges associated with accepting multiple payment methods is dealing with the different ways money shows up in your bank account (timing discrepancies, partial payments, etc.) The Savoy bookkeeping team will reconcile your bank records to your accounting software weekly or monthly depending on your needs. You’ll always know which transactions have cleared and which ones are still pending. 

Online document management

You’ll never know when you’ll need a certain document again. Whether you’re applying for a loan or get audited, being able to easily find the right records can save you time and frustration. Savoy will organize all your records and store them online, so they’re always accessible.

Regular reports highlighting your business performance

Accounting reports are needed to file taxes and apply for financing. They’re also full of insights into how well your business is performing. Savoy will provide you an income statement, balance sheet and statement of cashflows every month so you can learn what you’re doing right and what can be improved.

Bookkeeping

REVENUE

RECOGNITION

When you run a business, you and your staff spend money and incur costs that need to be reimbursed and categorized correctly.

Savoy Bookkeeping and Tax Services (Savoy) uses a combination of expert bookkeepers and modern accounting software, mobile applications and expense management tools to handle your expenses. You’ll have the peace of mind that every expense is tracked, categorized and reported accurately.

No more paper receipts

Holding onto receipts has long been a pain for the average business owner. Receipts get lost or damaged and when tax time comes, it’s hard to remember why the purchase was made. Now, just take a picture of receipts on your phone and Savoy will categorize the expense in your accounting software, store the receipt image online, and make sure everything ties back to your business bank account.

Tracking miles to a T

Travel costs are another expense category that has traditionally been a hassle to manage. Miles traveled must be properly tracked in order to create an accurate expense claim. As with receipt management, mobile apps have removed the difficulty of tracking mileage. Using GPS on your smartphone, Savoy will help your staff automatically track and report the exact number of miles traveled and ensure the expense claim is processed and categorized correctly.

Online document management

Audits are rare but do happen. In case one occurs, it’s crucial to have access to all your historical business records. We’ll organize and store all your documents online so they’re out of your way but always within reach.

 

Regular reports highlighting your business performance

Accounting reports serve many purposes. They’re not only required to file taxes and apply for lending. They can also be used to teach you what you’re doing right and what can be improved. Savoy’s bookkeeping team will provide you an income statement, balance sheet and statement of cashflows every month so you have a strong understanding of your business performance.

Bookkeeping

EXPENSE

MANAGEMENT