Services

ERJ Services works with small businesses and non-profits at all stages.  If your operation is small and growing, ERJ Services can support, or even be your finance and accounting department.  We can handle everything from day-to-day bookkeeping to financial reporting, to CPA and CFO services. We’ll handle your books to give you more control over cash flow and costs. We will help you develop or streamline processes, and we can advise you and your staff, helping you make sound decisions around operational and investment expenditures.  We will show you how to include profitability in the equation so your operation can keep growing.

For more established companies looking for the next stage of growth, we can assist in developing a 1-3-5 year plan, including which resources—people, processes, and funding—you might need.   You can concentrate on growth; we will concentrate on building systems and oversight to support that growth. We will produce Key Performance Indicators (KPIs) and metrics reporting to help you measure progress.

And if you are thinking of starting your own business, ERJ Services can help you realize your dream.  In addition to completing and filing all the necessary paperwork, we can help you pick the right operational structure, determine what might be needed for start-up capital, and your options for funding.   ERJ Services will work with you to create a budget, with consideration for taxes, operational expense, and even profitability!

Even without the changes, tax laws are complicated.  Depending on jurisdiction and company structure, the help of a seasoned tax professional will avoid mistakes and penalties, but more importantly, a tax professional is likely to find all the deductions and credits that apply.   Managing your taxes yourself—even with sophisticated software—can leave money on the table which would be better used if invested back in your business.

ERJ Services makes it a priority to be current of all IRS changes and we can prepare returns in any State.

Tax Planning and Preparation go hand in hand to ensure that you take advantage of tax laws and legislation for maximum results.  Planning is crucial to legally lowering your tax burden.

ERJ Services will work closely with you to ensure that you can take advantage of common and often overlooked deductions that will limit your tax liability and keep the money you earned.

Our Tax Services Include:

  • Tax Return Planning & Preparation
  • Sales Tax Advisory & Preparation
  • Tax Resolution & Audit Representation
  • Payroll Tax Issues

Do you have a tax question or issue?  Are you interested in learning how planning can reduce your tax liability?

Financial Planning & Business Advisory Services

We want our clients to have peace of mind, free from surprises.  We help small family-owned businesses and non-profit organizations develop financial plans, budgets, and strategic business plans, giving them a better understanding of the financial side of their operations. This gives them more control over their money and the decision-making process.  This will also help key team members understand the playbook and work toward the same result.  We like to help our clients determine both short and long-term goals that include targets and essential benchmarking.

Most smaller-sized operations don’t have the budget for a Controller or CFO.  ERJ Services can provide part-time Controller / CFO services that work directly with you to manage your accounting staff.  We will work with your accounting team to upgrade processes and provide the expertise and oversight to make improvements.

Our Financial Planning & Business Advisory Services Include:

  • CFO for Hire
  • Financial Statement Reporting & Analysis
  • Budgeting & Forecasting
  • Business Plan Preparation & Strategic Planning

Do you have a questions or concerns about your operation’s financial viability?  Are you interested in learning about ERJ’s advisory services?

Full-Service Accounting & Bookkeeping

Well-organized financial records and efficient bookkeeping ensure that your operation will run more successfully.  Many small business owners don’t have time to keep the books themselves or oversee an accounting staff. Outsourcing accounting and bookkeeping services is one of the most cost-effective ways to ensure accurate and timely numbers to help you know just where your business stands against goals and your budget.  ERJ Services can also provide monthly, quarterly, and yearly CPA oversight, reviews, and consultation.

Typically, ERJ Services bookkeeping and accounting support services include:

  • Daily monitoring to record sales and vendor invoices; customer credit card, PayPal, and EFT payments received; bank deposits; and charges on credit cards, or through PayPal or EFT. (We use Hubdoc where it makes sense with our clients for them to upload their receipts and other bill payments to import into QuickBooks).
  • Weekly monitoring to prepare and review Accounts Payable and Accounts Receivable aging reports.
  • Monthly monitoring to prepare bank account and credit card reconciliations; prepare and process sales and use tax returns; audit and reconcile petty cash accounts; and prepare various financial statements including Balance Sheet, Income Statement (P&L), and Statement of Cash Flow.

Managing Payroll and meeting all the regulatory requirements can be one of the most time-consuming and risk-laden tasks that any operation with employees has to face.  Its complex, labor-intensive, and it requires know-how.  Mistakes can undermine relationships with your employees or cause IRS issues. We offer payroll solutions that meet your business’s needs and enable you to spend time doing what you do best—running your company.

QuickBooks is the accounting software of choice for small businesses and non-profits. It was designed with the smaller operations in mind, and even offers different packages for simple to more complex operations.  It is relatively inexpensive and customizable. However, like most software, initial set-up, customizing, and learning how to maximize QuickBooks’ functionality potential can be tricky.

It is also designed to work with a large number of apps that integrate nicely, expanding its functionality into areas such as Time & Expense Tracking, Client Relationship Management, vendor invoice management and more.  Picking the right apps requires an understanding of desired outcomes.

ERJ Services can assist with QuickBooks set-up, integration and employee training

Our Full-Service Accounting & Bookkeeping Services include:

  • CPA Services
  • Accounting Support
  • Bookkeeping Services
  • QuickBooks Set-up & Training
  • Reviews
  • Payroll Services

Do you need day-to-day accounting or bookkeeping support?  Do you need relief from payroll Processing or help with QuickBooks?

ERJ Services is certified to provide Profit First Professional advisory services based on the best-selling book Profit First by Mike Michalowicz. Mike is the entrepreneur behind three multimillion-dollar companies, author and a former small business columnist for The Wall Street Journal.  He speaks internationally on entrepreneurial topics and is the creator of the Profit First system of cash management.

Profit First is based on the science of small business owner behavior, which Mike refers to as “bank balance accounting,” checking bank balances every day and making financial decisions based on that balance.  In Profit First Mike explains that per Parkinson’s Law, business owners consume what they see in their bank account. Profit First encourages the entrepreneur to continue “bank balance accounting” by first allocating money to profit (and other accounts) so that the entrepreneur sees the actual portion of deposits that are available for expenses and then automatically adjusts spending accordingly.

Revolutionary, logical and simple, Profit First strategy takes the GAAP (Generally Accepted Accounting Principles) formula for determining profit,  Sales – Expenses = Profit, and changes the order to force the accounting practice of adding and subtracting numbers to also account for human behavior.

With Profit First you to flip the formula to Sales – Profit = Expenses. Logically the math is the same, but from the standpoint of the entrepreneur’s behavior, it is radically different. With Profit First, you take a predetermined percentage of profit from every sale first, and only the remainder is available for expenses.

Profit First was named 2017 best business book of the Year by Soundview, curator of thousands of business books each year.

ERJ Services will help small business owners and entrepreneurs implement the Profit First system

Profit First is a cash management system designed to help businesses attain their financial goals. It starts with an assessment to determine the current financial health of your business.  We review the results with you to build a customized plan for you and your business.  Next – implementation—which will be the harder part—but we will work with you as your adviser and accountability partner. We will periodically review your goals, evaluate your progress and adjust your plan as new goals develop.

Curious about how Profit First can help you realize your dreams? Book a free consultation today and let us begin to help you build a profitable future.