Central World Accounting Services LLC
10 years experience
Providing a full range of accounting services

Bookkeeping

How does the service work?
 
First off, your business is assigned your personal bookkeeping manager. This is a professional accountant who specializes in handling all aspects of the business finances for companies like yours. That person has an extensive interview with you to get to know your business and it’s unique accounting and bookkeeping requirements. Your bookkeeping manager becomes a trusted advisor who thoroughly understands your business and it’s accounting needs.
 
Next, you send us your “source documents” – the statements, bills, and receipts that we will need to update your accounting on a daily, weekly, or monthly basis. You can send us these documents by mail, email, or simply give us access to them so that we can stay on top of your accounting. You can also have your bills and statements sent directly to us through our complimentary Mail Receiving Service, and avoid the hassle of processing your mail.
 
Then your bookkeeping manager manages the regular updating of your books with all transactions, deposits and checks, and payables and receivables.
 
At month’s-end, we create financial reports for you that give you an accurate picture of your businesses’ finances.
 
How do I get started?
 
Schedule a free consultation to discuss your individual requirements. Once we have tailored a custom accounting package for you, there are a few simple steps to getting started:
 
We’ll send you an engagement letter that outlines what we are going to do for you. You sign this and return it to us with half of your services fee (retainer fees).
 
 
You send us your set-up source documents via QuickBooks (if any).

You are all set – your bookkeeping manager will contact you to schedule your setup interview and will begin to handle your accounting and bookkeeping!
 
 
What if I need “catch-up” accounting?
 
Most businesses are a few months behind in their bookkeeping when they come to Central World Accounting LLC. That is precisely why they need us – because it is difficult to stay on top of your books and run a demanding business! It’s simple – you send us the source documents for the missing months, and your bookkeeping manager will take it from there, catching you up and getting you current so you have an accurate picture of your business finances.
 
Wouldn’t I be better off hiring an in-house bookkeeper?
 
In most cases, no. To hire an in-house bookkeeper, first you must find that person, check their credentials, negotiate a salary, hire and train them, and manage them. That can be very expensive both in time and money for a business owner. You must also provide office space, a desk, a computer, and software for them to use. You incur payroll tax expenses, vacation and sick time, and the cost of other benefits for that employee. If the person you hire is part-time, you must manage their hours and will only have access to them when they are at work. If they go on vacation, get sick, or leave your employ, you may have a large gap in your accounting and payroll. Furthermore, in some cases, there can be security concerns when only one person has access to all your business financial information, data, bank accounts, statements, and checks.
 
CWA LLC clients find that our affordable and efficient accounting services, combined with the continuity, security, and reliability of working with an outsourced accounting firm, are a far better value than hiring an in-house person.
 
 
How much does it cost?
 
Our services can be billed at an hourly or monthly rate.  This will be determined during your initial consultation.  Because your personal CWA, LLC bookkeeper is committed to staying within your allotted budget you are never surprised by a huge, unexpected bill. We’ll tailor an accounting package and price based on your needs. We will design an accounting solution specifically for you. Please call us to discuss your particular needs at (817) 823 5764. We save each of our clients money every month. Find out how you can benefit too.
 
 
How do I get started with payroll?
 
All we need is your company and employee information, and payroll history (if any) for this year. This process is quick and easy. Call us to discuss this need.
 
 
Can I switch payroll providers mid-year?
 
Yes! As long as you have records of your payroll history, you can switch at any time.
 
 
Will the payroll information be entered into my accounting software?
 
Yes! Your bookkeeper will enter all your payroll data into your QuickBooks or CheckMark Payroll so that all your information is in one place.
 
 
Q. What is “outsourced,” online bookkeeping?
 
CWA uses the power of the Internet to provide our clients with online bookkeeping services. The technical term for this service is an ASP or Application Service Provider. CWA uses an ASP to host all clients' software such as QuickBooks Online and will be updated and maintained by the service provider. By using the services of an ASP, your company will experience the convenience of 24/7 access to information on a secure network server anywhere there is an Internet connection.
 
Call (817) 823 5764 today to discuss your specific requirements .