Clarity Backed by Expertise
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A bookkeeper keeps your business's financial records accurate, organized, and up to date. This typically includes recording and categorizing transactions, reconciling bank and credit card accounts, managing accounts payable and receivable, maintaining QuickBooks Online, and preparing accurate financial reports.
At Profit & Flow LLC, bookkeeping goes beyond simply entering transactions. We help business owners understand their financial information so they can make informed decisions about cash flow, expenses, profitability, and growth.
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If you're spending too much time managing your books, falling behind on reconciliations, unsure whether your financial reports are accurate, or relying on your CPA to clean up your books at tax time, it may be time to hire a professional bookkeeper.
A bookkeeper can give you reliable financial information throughout the year while allowing you to focus on running your business.
Profit & Flow works with small businesses and independent business owners who want accurate books without having to manage the accounting themselves.
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A bookkeeper primarily focuses on maintaining accurate financial records and completing routine accounting activities. A fractional Controller provides a higher level of financial oversight and helps a business understand and use its financial information.
Fractional Controller services may include financial reporting, cash flow forecasting, budgeting, profitability analysis, KPI development, internal controls, and financial process improvement.
Profit & Flow LLC provides both bookkeeping and fractional Controller services, allowing businesses to scale their accounting support as their needs grow.
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A fractional Controller is an experienced accounting professional who provides Controller-level financial management to a business on a part-time or outsourced basis rather than as a full-time employee.
A fractional Controller can help with month-end close, financial reporting, cash flow forecasting, budgeting, profitability analysis, internal controls, accounting processes, and financial decision support.
For growing businesses that need more than basic bookkeeping but aren't ready to hire a full-time Controller, fractional Controller services can provide experienced financial leadership in a flexible and cost-effective way.
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Yes. Profit & Flow LLC provides QuickBooks Online cleanup and catch-up bookkeeping services for businesses with disorganized, incomplete, or outdated accounting records.
A cleanup may include reviewing transactions, reconciling bank and credit card accounts, correcting categorization issues, reviewing balance sheet accounts, organizing the chart of accounts, and bringing your books up to date.
The goal is to establish accurate financial records that you and your tax professional can rely on.
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Bank and credit card accounts should generally be reconciled at least monthly. Regular reconciliations help identify errors, duplicate transactions, missing transactions, incorrect categorizations, and other discrepancies before they become larger problems.
Monthly reconciliation also helps ensure that your financial statements accurately reflect your business's financial position.
For businesses with higher transaction volume or more complex accounting needs, more frequent review may be appropriate.
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IOLTA stands for Interest on Lawyers Trust Accounts. IOLTA accounts are used by law firms to hold certain client funds separately from the firm's operating funds.
Law firm trust accounting requires careful tracking of individual client balances and accurate reconciliation of the trust bank account and client trust ledgers.
Profit & Flow LLC provides accounting support for law firms, including IOLTA trust accounting, client trust ledger support, and three-way trust account reconciliations.
Law firms should always follow applicable Michigan Bar rules and consult appropriate legal or compliance professionals regarding their trust-account responsibilities.
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Yes. Profit & Flow LLC provides accounting support involving Clio and QuickBooks workflows for law firms.
Depending on the firm's setup and needs, accounting support may include reviewing transactions, maintaining QuickBooks Online, reconciling accounts, supporting trust accounting workflows, and helping ensure financial information flows appropriately between systems.
Because legal accounting has unique requirements, it is important that Clio and QuickBooks workflows are configured and maintained with the firm's trust accounting and financial reporting needs in mind.
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Yes. Profit & Flow LLC is based in Holly, Michigan and provides accounting and bookkeeping services to businesses throughout Michigan.
Many accounting services can be performed remotely, allowing Profit & Flow to work with businesses outside the immediate Holly area.
The firm serves small businesses, professional service firms, e-commerce businesses, law firms, and other independent businesses throughout Michigan.
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The first step is to schedule a conversation about your business and your accounting needs.
We'll discuss your current bookkeeping situation, what you're struggling with, the services you need, and where you want your business's financial management to improve.
Whether you need ongoing bookkeeping, QuickBooks cleanup, accounting management, law firm accounting, or fractional Controller support, we'll determine what level of service makes the most sense for your business.
Contact Profit & Flow LLC to get started and take the next step toward more accurate books and greater financial clarity.
