cloud bookkeeping

Running your business can feel fun and exciting – but daily bookkeeping tasks can cause headaches and slow you down. At Baum CPA, we offer online bookkeeping services for businesses that embrace technology to make managing your finances quicker and easier. The online accounting systems we offer are convenient, easy to use, and simple to navigate. Handling your bookkeeping with us online saves time, saves money, and gives you peace of mind knowing that a ROBS CPA is taking care of your ROBS arrangement.

Our virtual bookkeeping solutions offer the flexibility of being in the cloud so your books will be accurate and accessible 24/7. Forget installing applications on a desktop computer and paying for costly software upgrades. Those days are gone. When your bookkeeping is online, updates are free and new software versions are ready to use instantly.

We invite you to call our office today at 719-493-9499 to find out how we can implement a cloud-based accounting system like QuickBooks Online for your business. With our consultation there is nothing to lose.

Specialized Bookkeeping for ROBS arrangements

ROBS arrangements are accrual-basis taxpayers. This means that business expenses are recognized when they are incurred – not when they are paid. What does this mean? Essentially, when there is a reasonable expectation that something is going to cost money in the near future – it’s a liability.

Accrual basis accounting considers purchases you make from vendors today – even if you don’t pay them for another 30 or 60 days. Like we said, the accounting is tricky – and that’s where we come in.

We will show you how to properly set up invoicing between your vendors, suppliers, and customers, which is an invaluable tool when you are deciding who needs to get paid first!

Online Bookkeeping with QuickBooks Online:

  • Specialized bookkeeping for ROBS arrangements
  • Specialized bookkeeping for ROBS arrangement franchises
  • Accounts payable and receivable
  • Credit card and bank reconciliations
  • Monthly financial reports
  • Balance sheets
  • General ledger maintenance
  • Month-end closings
  • Online payroll processing

ROBS Arrangement Franchise Accounting Services