Chicago, IL (PRWEB) September 30, 2013
South Loop CPA LLC (South Loop CPA) has recently launched an online bookkeeping service for businesses with $1 million to $5 million in revenue. According to South Loop CPA's founder, Gaurang Patel, businesses with revenue between $1 million and $5 million typically have a high volume of transactions and are looking for a solution to help them file supporting financial documents, monitor the accounts receivable and payable accounts and provide timely financial statements. These businesses typically do not have the financial resources to hire a full time accountant, and therefore need a cost effective way to outsource this function.
South Loop CPA's online bookkeeping solution helps businesses easily outsource their accounting function. The process starts with a dedicated account representative understanding how the business generates revenue and the typical expenses the business incurs. The business is then setup on a virtual cloud server where they can scan, fax or email bills, checks, receipts or invoices directly to their dedicated folder on the server. South Loop CPA's accounting team then processes the uploaded documents by entering the documents into Quick Books (an accounting system), and filing the documents on a virtual cloud server. South Loop CPA labels each document that is uploaded to the server, which allows businesses to easily find a document that they have scanned. South Loop CPA also links the business' bank account and credit cards to Quick Books to monitor the bank and credit card transactions. This solution allows South Loop CPA to send reminders to the business of bills that need to paid and overdue customer balances. South Loop CPA strives to enter all documents on the same day, so businesses have financials that are current.
According to South Loop CPA’s founder, Gaurangkumar Patel, the online bookkeeping solution helps business owners focus on their business and more efficiently outsource their accounting function at a fraction of the cost of hiring a full time accountant.
South Loop CPA LLC is a small accounting firm that provides accounting and tax services to individuals and small businesses. To learn more about South Loop CPA’s service offerings, please visit http://www.southloopcpa.com/.