Cloud-based accounting systems like Xero run in real-time, which means your data is always up-to-date.
There’s only one version of it, so you can connect from the office, at home or on-the-go – no more being
tied to your desktop!
We offer Xero Bookkeeping in Virginia and Washington DC.
With Bay Business Group as your outsourced bookkeeper and CPA, all you have to do is send us your documents and we will keep your books for you on Xero. We prepare your bank account reconciliations, monthly close-outs and review and send your financial and management reports within 15 days of receiving the information from you.
Bay Business Group is your team of tax and XERO bookkeeping experts, offering you:
- Accurate and up-to-date financial records
- 24/7 online access to your accounting information
- CPA review of financial and management reports
- Peace of mind come tax time
How it works: When you choose us as your bookkeeper, we download your bank statements or receive a hard copy from you or your bank, collect sales information and other financial account statements such as your credit card and line-of-credit statements. Next, we enter each transaction into Xero and reconcile the various accounts. We close out each month with a formal process that is CPA reviewed and send you financial and management reports.
Each month you receive: With the Monthly Bookkeeping Service, you receive a detailed general ledger, payroll and check registers, reconciled bank statements, a balance sheet, income statement and cash flow analysis. We will also prepare all city and county/state sales tax returns.
At Year End: We prepare year-end summary statements, and if you choose us to act as your accountant, a complete package of IRS and State business returns, ready to file. And, we are here to provide professional guidance when you need help or just have a question. You get the peace of mind of knowing that the backbone of your business is accurate, organized and current.