Owning a business can be a stressful but exciting challenge. NATIVE RECORDS guides businesses through difficult financial decisions, assists in setting goals, and holds businesses accountable to reaching milestones.
Through our comprehensive discovery and analysis, the needs of the business are first identified. Once establishing the needs, an action plan tailored specifically for the entity gets presented, discussed, and implemented. The strategic plan of action will utilize organizational tools, fundamental accounting principles, innovative strategy, and the latest technology to address those needs.
Structure and organization play a massive role in business efficiency, scalability, and ultimately, success. Whether your records live in Excel spreadsheets or in shoe boxes, the consolidation and summary of that data will yield meaningful reports that allow you to make informed managerial decisions.
Proper planning requires significant time and energy, but an invaluable tool when seeking investments or loans. Investors and lenders consider the business plan and financial forecast the most important factors in their decision-making process.
Through the creation of comprehensive strategy with realistic financial forecasting, an accurate picture of a business’s longevity emerges. Business plans reveal how prepared an idea is to evolve into the next phase, whether it be an internal transformation or an external capital infusion.
Through the process of discovery, an assessment of the accounting services required will provide the right tools. After the tools are in place, training empowers personnel to use them effectively.
There are many flavors and versions accounting software for both Windows and Mac that run locally or in a cloud. Some are highly sophisticated and provide more complex functions like inventory management, point of sale, and manufacturing integrations. Others are geared towards service businesses, the self-employed, or non-profit entities.
As an expert in a variety of the most popular accounting software systems in existence, NATIVE RECORDS offers both remote and on-site training and support.
Proper record-keeping and bookkeeping demand a meticulous nature, a comprehensive knowledge of accounting principles, and experience with problems that face specific industries.
Many businesses hire bookkeepers to help them with the basics like accounts payable (money owed to others), accounts receivable (money due to the business or individual), and bank account reconciliation. However, if the data is not entered correctly and routinely audited, financial reporting becomes unavoidably inaccurate.
It is imperative that every business have an overarching strategy for record-keeping and bookkeeping so that all accounts are precise. Record-keeping and bookkeeping methodology have been, are, and always will be essential parts of sustaining and expanding any business.
Owner and manager time is more valuable when it is spent operating the business. NATIVE RECORDS tailors services to fit specific needs so you can have the time to do what you do best. This, ultimately, saves your business both time, energy, and money.
The best way to ensure a maintenance of healthy margins, and an avoidance of problems like leakage or theft, is through regular financial auditing. Analyzing the books and pinpointing the areas of vulnerability is paramount.
Once these potential problems are identified, controls are put in place and policies and procedures are implemented. This not only helps to avoid losses, but increases both efficiency and productivity.
Paying your employees must be the highest priority for any business. If people aren't paid the right amount and on time, the work won't be completed and everyone suffers.
Using the latest technology in payroll systems, NATIVE RECORDS is able to onboard your staff and contractors, stay up-to-date on your payroll multiple tax filings, and automate virtually every part of the payroll process. Clients save thousands of dollars per year in professional fees and staff no longer needed to facilitate payroll runs. Additionally, crucial business capital doesn't get wasted on the inevitable Internal Revenue Service (IRS), Franchise Tax Board (FTB), Employment Development Department (EDD), and workers' comp audits. All client documentation is secured and organized, easily accessed when it is requested.
Contracting NATIVE RECORDS as your dedicated payroll and human resources partner will reduce costs, increase efficiency, augment employee productivity, and help avoid the ever-feared tax authority audits and employment lawsuits.
Today, businesses face complex compliance standards. Whether your business is a startup or an established enterprise with unusual tax situations, there are solutions to meet these demands. Organizations must make compliance a priority and strive to anticipate challenges before they arise.
Some businesses need specialized licensing with city, state, and/or federal authorities. The NATIVE RECORDS team is seasoned in a multitude of licensing processes and understands what it takes to transport from idea to execution. Knowing the intricacies of each municipality is crucial, and we are here to guide you through the process.
Local, state, and federal tax reporting can be confusing and convoluted. Navigating highly complex and shifting tax laws is a full-time job. It is essential to ensure that every element of the tax life-cycle is expertly treated and kept in complete tax compliance.
NATIVE RECORDS works in alliance with CPAs and attorneys with over 50+ years of combined experience across all industries. Working in tandem with these experts maximizes savings and minimize liabilities so the success of your entity is secured.
Banking and merchant processing are necessities businesses cannot live without, and something most take for granted. Infinite choices exist when choosing to partner with a financial institution, and making the best decision could save your business much-needed capital. NATIVE RECORDS assists in finding the perfect fit for your revenue stream, your specific needs, and your goals.