Driving Your Business,

Book by Book.

EXPLORE WHAT WE OFFER

Basic Bookkeeping

Monthly:

  • Reconcile bank accounts and credit card statements.

  • Record and categorize all revenue and expenses for the month..

  • Perform month-end close procedures.

  • Prepare basic financial statements (Statement of Cash Flow, Income Statement, Balance Sheet).

  • Quarterly:

    • Review and revise annual income forecasts.

  • Annually:

    • Review past-due accounts.

    • Issue W-2s and 1099s.

    • Review financial reports

Open finance tracker and monthly budget overview sheets on a gray desk, with a gold pen, a small wooden bowl with paper clips, and a gray box.

Job Costing

The primary goal of job costing is to determine the actual cost of producing a specific product or service, whether it's a custom-built item, a unique service engagement, or a limited batch of goods. This detailed cost information is then used to:

  • Set accurate pricing: Ensures that each job is priced to cover its costs and generate a desired profit margin.

  • Assess profitability: Helps identify which jobs are truly profitable and which are not.

  • Improve cost control: Uncovers inefficiencies, excessive spending, and areas where costs can be reduced in future projects.

  • Inform decision-making: Provides data for better planning, resource allocation, and strategic adjustments.

  • Support billing and invoicing: Allows for precise and itemized billing to clients based on actual costs incurred.

  • Aid in budgeting and forecasting: Historical job cost data can be used to create more accurate estimates for future similar projects.

A notebook with a hand-drawn graph showing increasing trend from 'Not Sucking' to 'Sucking' over time, on a wooden desk with pens, a metal ruler, a yellow planner, and a blank dotted notepad.

Budgeting

We help Create and Monitor your Monthly budget, Giving you the opportunity too…

  • Financial Control: It helps you understand where your money is going and ensures you're not spending more than you earn.

  • Debt Management: A budget can help you identify money to put towards paying down debt faster, reducing interest costs and financial stress.

  • Avoid Overspending: By setting limits and tracking expenses, budgeting prevents impulsive spending and living beyond your means.

  • Financial Awareness: It brings awareness to your spending habits, helping you identify areas where you might be able to cut back or optimize.

  • Preparation for Emergencies: It encourages setting aside funds for unexpected expenses, providing a financial safety net.

  • Improved Decision-Making: With a clear financial picture, you can make smarter decisions about purchases, investments, and future plans.

  • Reduced Stress: Knowing your financial situation and having a plan can significantly reduce financial anxiety.

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Contact Us

  • EMAIL: Chelsea@lifelinebookkeepers.com

  • PHONE: (385)450-1839