At The Quantify Group, we are here to handle all of your financial accounting and bookkeeping needs under one roof, from financial transactions to reconciling bank accounts, managing accounts payable and receivable, preparing financial statements, and more.

Our bookkeeping services in Philadelphia include the following:

• Cash flow forecasting
• Bookkeeping services
• Job costing
• Internal controls
• Data entry
• Generate financial statements
• Customized reporting
• Financial dashboards
• Payroll services
• Accounts payable management
• Accounts receivable management
• And more!

We offer financial solutions for small and medium-sized businesses that are easy to understand and manage. With our packages, you pay a simple monthly fee, and you will never have to worry about any hidden costs or unexpected surprises. Our services are flexible and can be customized to fit your specific business needs.

For many small business owners, taking the time out of their busy schedules to keep track of all the financial data and accounting systems your business relies on requires hours of work each week. That is why hiring a professional bookkeeping firm like The Quantify Group can provide immense benefits for businesses of all sizes, including:

• Saving time
• More accurate financial records
• Financial analysis on business performance
• Support with strategic planning
• Staying compliant with tax and business laws

The choice to hire an in-house versus outsourced accounting firm can be a tough choice for a lot of small business owners, and there are really several things to consider, like the size of your business, how complex operations are and what your budget is.

For many small businesses, there is a benefit to having immediate, in-house access to a full-time bookkeeper — but it can come at a cost. In-house bookkeeping support is often more money and requires more resources to hire, retain and grow your in-house bookkeeping team.

On the other hand, hiring a third-party company like The Quantify Group to support your bookkeeping and accounting needs can offer you access to some of the best bookkeepers without the added expenses. Plus, our monthly packages are designed to grow with your business, providing you with the flexibility you need.

If you are curious about how The Quantify Group can help with your accounting processes, contact our team today to learn more about our accounting and bookkeeping services.

As a trusted bookkeeping firm that leverages virtual accounting, we take the security of our clients’ sensitive financial data very seriously. We have established stringent security procedures and follow all cybersecurity regulations to guarantee the secrecy and accuracy of your financial details.

Our team is experienced in managing sensitive financial data, and we regularly update our systems to ensure we are in line with best practices across the industry.

If you are running your own business or overwhelmed by the amount of work it takes to maintain your financial records, hiring a bookkeeping service can be a great investment. Small and large businesses alike deserve the insights and guidance that a professional bookkeeping firm can provide.

By accurately managing your financial transactions, a financial accounting and bookkeeping firm can help you identify growth opportunities, improve your cash flow, and help you in organizing bank statements and other financial records.

With a professional bookkeeper handling your financial records, you save valuable time to focus on other important aspects of your business. It is a valuable addition to any business.

Keeping up with financial accounting is crucial to making the right decisions for your business with the right data. By generating regular financial reports, you can understand how your money is coming and going and ensure you can track your business’s growth.

• Income Statement: Also known as a profit-and-loss statement, this report illustrates revenue, expenses, and profit over a specific period, giving an overview of your business’s profitability.
• Balance Sheet: This report provides a snapshot of your company’s financial position, including assets, liabilities, and equity, which can indicate its overall financial health.
• Cash Flow Statement: By keeping track of your business’s cash inflows and outflows, you can gain a better understanding of your liquidity and solvency. This information can be invaluable for making informed financial decisions.
• Accounts Receivable Reporting: This report presents an overview of outstanding receivables, enabling you to better manage customer payments and take appropriate actions for overdue accounts.
• Accounts Payable Reporting: Like the receivables report, this one captures details of your outstanding payables, enabling you to plan for upcoming payments and negotiate favorable credit terms with suppliers.

While both bookkeeping and accounting services are crucial to managing your business’s finances, they actually serve different roles and functions:

Bookkeeping services primarily involve the regular recording and organization of your business’s financial transactions, including:

• Updating transactions and financial trackers
• Reconciling accounts
• Tracking accounts payable and accounts receivable
• Processing payroll
• Making sure records are accurate

Accounting, on the other hand, gives you deeper financial insights by analyzing the financial data that is generated from bookkeeping activities. This includes things like:

• Preparing financial statements
• Analyzing business performance
• Developing budgets and forecasts
• Advising on tax planning and strategy
• Ensuring compliance with financial regulations