Professional bookkeeping that delivers accuracy, timeliness, and reduced costs.
The success of any organization depends on accurate and relevant data to make informed decisions. Comprehensive, real-time visibility into your organization’s financial picture enables business leaders to identify potential issues, uncover opportunities, and make tactical adjustments.
As the foundation for all financial reporting and analysis, precise and timely bookkeeping is essential.
Bookkeeping encompasses the transactional recording of an organization’s day-to-day activities, including receivables, payables, bank and credit card activity, payroll, and taxes.
A requirement for fast-paced business environments
Today, business moves fast. Reacting to industry trends, compliance concerns, and competitive threats requires knowing exactly where you stand now. Stale data and errors can lead to unwelcome consequences and put your organization at risk.
Yet, many organizations struggle with the bookkeeping function for various reasons, including lack of internal staff, time constraints, or inadequate tools and technology, to name a few. (Read more: Why many SMBs struggle with bookkeeping.)
With CJ on your side, you can ease the bookkeeping burden and free up internal resources to focus on strategic initiatives.
Our bookkeeping and accounting specialists understand your need for accurate and timely transaction processing to ensure your leadership team is armed with the data needed for critical business decisions. We also understand the importance of seamless integration and tight budgets.
The CJ Group utilizes best-in-class technology, AI-driven processes, and cloud-based applications to reduce time, increase quality, and lower costs. We work closely with you to understand your needs, develop a customized solution, and promptly get to work optimizing your books.
Schedule your complimentary consultation today!
Small and medium-sized businesses (SMBs) often face several challenges with the bookkeeping function.
Here are the top reasons why many SMBs struggle with this critical aspect of business management:
Small business owners often juggle multiple responsibilities and may find it difficult to dedicate the necessary time to bookkeeping. As a result, financial records can become outdated or inaccurate.
Some SMBs may not have access to or know the bookkeeping tools and technology that can streamline their processes. Relying on outdated or inefficient tools can create additional challenges.
Many small businesses operate with tight cash flows, and managing the inflows and outflows of cash can be complex and time-consuming.
SMBs often operate on limited budgets and may hesitate to invest in bookkeeping services or software. This can lead to cutting corners and neglecting bookkeeping responsibilities.
Without established processes and systems, paperwork and financial records can become disorganized. This makes it difficult to keep track of transactions, invoices, and expenses.
Tax laws and accounting regulations can change frequently. SMBs might struggle to stay up-to-date and compliant with the latest rules.
As a business grows, the volume and complexity of financial transactions often increases. SMBs may struggle to scale their bookkeeping processes to keep up with the growth.
Some SMBs may adopt a reactive approach to bookkeeping, only addressing it when there is an immediate need, such as during tax filing season. This can result in a backlog of bookkeeping tasks and outdated financial reporting.
When bookkeeping is done manually or by individuals who are not well-versed in accounting, there’s a higher likelihood of human errors, which can have significant consequences.
SMBs may not have established internal controls that help ensure the accuracy and integrity of financial information. A lack of controls can also increase the risk of fraud or embezzlement, not to mention a lack of confidence in reporting.
I feel they’re very competent. Do I feel good about the work they’re doing? Absolutely. Do I feel safe? Absolutely. Excellent service, we trust them. Getting correct answers to questions on a timely basis. Getting our tax returns filed on time. Reliability. Credibility. Honesty. They have all the things you want in a company you really rely on to support your company.
A few years ago, The CJ Group took over our six employee benefit plan audits. With CJ’s efficiency and expertise on employee benefit plans, I don’t have to worry about audit compliance anymore. They provide value by making the process seamless for me and my staff, keeping us current with DOL/IRS regulations to ensure compliance, and all for lower fees than we were previously being charged. I would highly recommend The CJ Group for employee benefit plan audit needs.
We get excellent service from The CJ Group; we trust them. We get correct answers to our questions on a timely basis. We have a lot of legal entities, and they keep track of that for us. They’ve benchmarked our business against other businesses in similar industries so we can see where we stand with our leverage ratios, working capital, inventory months on hand, and receivables. We can see where we are and where we need to improve.
The CJ Group, over the past 20 years, has helped our company with expansions into new marketing, management of rapid growth, negotiations with lenders, and implementation of tax strategies inside our business, including LIFO, cost segregation, and entity formation. They are an active advocate and advisor to our business, as well as providing the technical support and advice we need from our accounting firm. We appreciate them for going that extra mile that quite frankly has become a rare commodity today.
Let us show you how we can deliver exceptional outcomes for your business.
Frisco Office
Fort Worth Office
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6801 Gaylord Pkwy, Suite 302 Frisco, TX 75034
