{"id":632,"date":"2020-01-20T08:02:42","date_gmt":"2020-01-20T08:02:42","guid":{"rendered":"https:\/\/sonnenburgconsulting.com\/?page_id=632"},"modified":"2023-12-18T11:46:20","modified_gmt":"2023-12-18T11:46:20","slug":"accounting","status":"publish","type":"page","link":"https:\/\/sonnenburgconsulting.com\/services\/accounting\/","title":{"rendered":"Accounting"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"632\" class=\"elementor elementor-632\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e8d87b0 e-flex e-con-boxed e-con e-parent\" data-id=\"e8d87b0\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-87ec5a8 elementor-widget elementor-widget-text-editor\" data-id=\"87ec5a8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h2><strong>Nationwide Outsourced Accounting Services &#8211; Located in Utah<\/strong><\/h2><p>Instead of hiring an in-house accountant that may lack experience, breach confidentiality, or leave the business for other offers, many firms use an accounting and bookkeeping as their outside accounting department.\u00a0 Sonnenburg Consulting offers a range of accounting services that are customized to your unique business needs. We can offer any combination of the below services.<\/p><h2><strong>What Does Sonnenburg\u2019s Accounting Services Include:<\/strong><\/h2><ul><li><strong>Controller<\/strong> \u2013 Controllers set up a proper accounting system with software such as Quickbooks. Excel is useful for downloads, calculation, and lists, but it is not an accounting system. Management and business owners need information to be entered in a manner that is helpful to tax preparers and third party lenders, insurance auditors, etc.<\/li><li><a href=\"https:\/\/sonnenburgconsulting.com\/services\/accounting\/bookkeeping\/\"><strong>Bookkeeping<\/strong><\/a> \u2013 Once the accounting system is in place bookkeepers enter the data so that it is properly reflected in the financial statements.\u00a0 Bookkeeping also includes payroll, accounts payable, and accounts receivable. Learn more about our nationwide bookkeeping services in Utah.<\/li><li><strong id=\"payroll\">Payroll<\/strong> &#8211; For our outsourced accounting clients, we can manage your payroll and save you the time and headache that can be involved in working with large payroll companies that know nothing about your business. Payroll representatives at larger firms do not always understand whether owners should be paid through payroll, how much they should be paid, or when it is time to discuss the matter with your CPA. We can customize your payroll to meet the needs of your business, while staying compliant with payroll tax laws. Payroll services include payroll tax payments and filings.<\/li><li><strong>Billing and Accounts Receivable<\/strong> &#8211; Billing clients should be done on a regular basis and should include payments received before clients feel comfortable paying you in a timely manner.\u00a0 Also, it is important to know where your revenue comes from for planning and for determining whether your business is subject to reporting in another state. Receivables should also be kept current, since as time passes, the likelihood of collection decreases. Also, companies that report on an accrual basis could easily pay too much in taxes when receivables are not maintained.<\/li><li><strong>Accounts Payable Tracking and Payment<\/strong> &#8211; Bills should be entered as soon as they are received so that businesses always know how much their payables are for planning and cash management. Also, when paying vendors, W-9s and often certificates of insurance are needed to determine whether Form 1099 information returns need to be filed with the IRS, state agencies, etc.<\/li><li><strong>Quarterly, Annual Tax Forms and Reports<\/strong> &#8211; Our firm works with your tax preparer to ensure that income taxes are filed in a timely manner, estimated tax payments are made when required, and business taxes are filed and paid in each state or local agency. Also, information returns such as 1099s for vendors are sent and filed so you don\u2019t have to worry about whether a vendor is subject to receiving a tax form.<\/li><li><strong>Monthly Performance Reports<\/strong> &#8211; Not all businesses are the same and although accounting software can generate basic reports, they are not always informative. When you need to track detailed information for your business, it starts with how you want it reflected in a report and really depends on how it is initially entered into your accounting software. We can customize reports to assist you in managing your business or for use with our <span data-story-id=\"story_0a4500dda41224173670fd5425e3135e\" data-room-id=\"room_bbec8e4c76f464d87749e825c0b33fb2\" data-timestamp=\"1644858026673\" data-text=\"CFO consulting services\" data-userid=\"424140118790619136\" data-orgid=\"425211844601475072\">CFO consulting services<\/span> when making business planning decisions.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c419cbf e-flex e-con-boxed e-con e-parent\" data-id=\"c419cbf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e9c919d elementor-widget elementor-widget-image\" data-id=\"e9c919d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"2560\" height=\"1707\" src=\"https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-scaled.jpg\" class=\"attachment-full size-full wp-image-610\" alt=\"\" srcset=\"https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-scaled.jpg 2560w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-300x200.jpg 300w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-1024x683.jpg 1024w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-768x512.jpg 768w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-1536x1024.jpg 1536w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-2048x1365.jpg 2048w, https:\/\/sonnenburgconsulting.com\/wp-content\/uploads\/2020\/01\/IMG_3835-90x60.jpg 90w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-584f76c e-flex e-con-boxed e-con e-parent\" data-id=\"584f76c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8d1a882 elementor-widget elementor-widget-text-editor\" data-id=\"8d1a882\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><strong>Why Choose Sonnenburg Consulting in Utah for Accounting Services<\/strong><\/h2><p>Sonnenburg Consulting in Utah, can help anyone nationwide, and goes beyond entering data and printing out automatically generated reports. We care about our clients. We want them to be compliant, avoid penalties and interest, and we offer ideas on tax savings and help you stay compliant with laws and regulations. We consult with your tax preparers and business attorneys to ensure that they have the information needed to assist our clients with strategies and decisions. We are careful with our clients\u2019 information and ensure our employees keep information confidential. We run your business the way we would run our own business.<\/p><h2><strong>Advantages of Outsourcing Your Accounting Services<\/strong><\/h2><ul><li><strong>Scalability<\/strong> \u2013 Many small businesses don\u2019t need to hire a full-time employee to handle their business accounting needs or they are unsure of their needs due to fast growth.<\/li><li><strong>Focus on your business<\/strong> \u2013 Do what you do best and run your business while using our firm as a resource.<\/li><li><strong>Different levels of experience<\/strong> \u2013 Many business owners don\u2019t know how to tell whether a potential hire has the experience needed to keep the books in order. Therefore, many businesses prefer to use a service with experienced bookkeepers that are well trained and that have internal resources to bring in a more experienced associate when needed.<\/li><li><strong>Confidentiality<\/strong> \u2013 Don\u2019t worry about employees knowing the financial details of your business and keep your business information with an outside firm that is contractually bound to confidentiality.\u00a0<\/li><li><strong>Third party certification<\/strong> \u2013 Lenders, landlords, insurance auditors, and regulators prefer third party financial statements that are properly prepared and provided with a cover letter from a firm that has prepared them.\u00a0<\/li><\/ul><h2><strong>Outsourced Accounting Services Success Story<\/strong><\/h2><p>A contractor client was referred to us by his tax preparer and brought his Quickbooks file to our firm with $200,000 in overstated income reflected due a lack of understanding how Quickbooks treats payments and deposits. We were able to clean up his books, capture missed expenses, generate clean financial statements for a lender, and save him from paying tax on the overstated income.\u00a0 The client was able to get a business loan to expand his business and now that same clients enjoys using us for his workers compensation and liability audits to make his life easier. In this case, his time spent on his business has helped him grow and not worry about maintaining his own books.<\/p><h2><strong>Our Accounting Outsourcing Pricing\/Cost\/Rates<\/strong><\/h2><p>At Sonnenburg Consulting, we typically charge an hourly rate based on the service and the bookkeeper providing the service, ranging from $65\/hour for basic bookkeeping to $125 per hour for Controller services. We also offer a flat monthly rate after building or transitioning the file, determining which services are needed, and the level of experience needed for a particular business. We do not have a minimum charge, but we do bill in increments of 15 minutes for our time spent on the file.<\/p><h2><strong>How to Sign Up for Our Outsourced Accounting Services in Utah or Nationwide<\/strong><\/h2><p>Contact us for a free consultation. We are happy to help you whether your business is in Salt Lake City, New York City, or Los Angeles and help you determine what you need. We will discuss the best way to efficiently provide our accounting services to you!<\/p><h2><strong>FAQS \u2013 Outsourced Accounting Services<\/strong><\/h2><h3>Why outsource accounting services?<\/h3><p>As stated above in the <em><strong>Advantages of Outsourcing Your Accounting Services<\/strong><\/em>, here are the reasons why you should outsource accounting services:<\/p><ul><li><strong>Scalability<\/strong> \u2013 Many small businesses don\u2019t need to hire a full-time employee to handle their business accounting needs or they are unsure of their needs due to fast growth.<\/li><li><strong>Focus on your business<\/strong> \u2013 Do what you do best and run your business while using our firm as a resource.<\/li><li><strong>Different levels of experience<\/strong> \u2013 Many business owners don\u2019t know how to tell whether a potential hire has the experience needed to keep the books in order. Therefore, many businesses prefer to use a service with experienced bookkeepers that are well trained and that have internal resources to bring in a more experienced associate when needed.<\/li><li><strong>Confidentiality<\/strong> \u2013 Don\u2019t worry about employees knowing the financial details of your business and keep your business information with an outside firm that is contractually bound to confidentiality.\u00a0<\/li><li><strong>Third party certification<\/strong> \u2013 Lenders, landlords, insurance auditors, and regulators prefer third party financial statements that are properly prepared and provided with a cover letter from a firm that has prepared them.\u00a0<\/li><\/ul><h3><strong>How to outsource accounting services?<\/strong><\/h3><p>The first step is to contact us and we will help you determine what is needed for you and find the most efficient way to provide our outsourced accounting services for your business.<\/p><h3><strong>When to outsource accounting services?<\/strong><\/h3><p>The easy answer is when you have a business or even a business idea that you are pursuing you should be consulting with people that can point you in the right direction and set up an accounting system that you can use going forward. We can also let you know when it is time to get the help of a business attorney. Even high net worth and high income clients with many personal assets and liabilities need assistance tracking everything and working with their tax preparers.<\/p><h3><strong>Can accounting or accountants be outsourced?<\/strong><\/h3><p>Absolutely. Many business owners prefer to work with outsourced accounting firms to avoid sharing their financial information with employees.<\/p><h3><strong>What industries does Sonnenburg accounting services specialize in?<\/strong><\/h3><p>Sonnenburg Consulting has had a wide range of clients such as service-based businesses, products imported and sold in stores or online, internet-based businesses such as bloggers, real estate developments, restaurants, pharmaceutical companies working with government grants, and more.<\/p><h3><strong>Why is outsourced payroll popular among accounting professionals?<\/strong><\/h3><p>There are so many payroll reporting requirements and large companies have tried to standardize the process, but most accounting professionals agree that someone experienced with payroll matters should always be involved in the payroll process.<\/p><h3><strong>What is the difference between accounts payable and accounts receivable?<\/strong><\/h3><p>Accounts payable are the bills you track and pay, the method used, and the reporting that goes along with it to ensure that it is properly reported.\u00a0 Accounts receivable are the invoices or sales receipts that you provide clients and customers and includes tracking those and the actual payments received it in a way that it is properly reported to agencies and your tax preparer.<\/p><h3><strong>Do I have to have all of my accounting outsourced or can I choose to do some of it myself?<\/strong><\/h3><p>You can do some of it yourself! We can help you!\u00a0 See our <a href=\"https:\/\/sonnenburgconsulting.com\/services\/\">Business Consulting Services<\/a> that include training and resources for do-it-yourself business owners. We can customize your services to meet your needs.<\/p><h4><strong><a href=\"https:\/\/sonnenburgconsulting.com\/contact-us\/\">Contact us today to learn more!<\/a><\/strong><\/h4>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Nationwide Outsourced Accounting Services &#8211; Located in Utah Instead of hiring an in-house accountant that may lack experience, breach confidentiality, or leave the business for other offers, many firms use an accounting and bookkeeping as their outside accounting department.\u00a0 Sonnenburg Consulting offers a range of accounting services that are customized to your unique business needs. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":625,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/pages\/632"}],"collection":[{"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/comments?post=632"}],"version-history":[{"count":16,"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/pages\/632\/revisions"}],"predecessor-version":[{"id":3044,"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/pages\/632\/revisions\/3044"}],"up":[{"embeddable":true,"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/pages\/625"}],"wp:attachment":[{"href":"https:\/\/sonnenburgconsulting.com\/wp-json\/wp\/v2\/media?parent=632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}