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Kinetic CPA Group, LLC

Full Service Outsourced Finance Solutions for Government Contractors and Industry

Call us at (703) 625-2111

Full Service Outsourced Finance Solutions for Government Contractors and Industry

(703) 625-2111
info@kineticcpagroup.com

Bookkeeping

Quickbooks Implementation

QuickBooks Desktop accounting software is one of the most widely adopted and loved accounting software for small business. Whether its QuickBooks Online, QuickBooks Desktop, or QuickBooks Desktop Enterprise, each edition is enriched with several must-have features that can be configured to fit your business. If you're a Government Contractor, have no fear. Quickbooks, along with other connected Apps, can become a critical part of your DCAA Compliant Business System. Kinetic CPA Group can help.

Kinetic's certified and experienced ProAdvisors are equipped to work with you to identify the right solution to power your business and provide you the information you need to make informed business decisions. Our QuickBooks experts will help you resolve past issues and create the right framework going forward.

Accounts Receivable Processing

Cash in king. By any name, your invoicing and accounts receivable process is crucial to the success of your business. For service businesses, it starts with properly tracking the time your employees and contractors spend on serving your customer. Along the way, businesses need to send the invoice, track due dates, pursue late payments, adjust incorrect invoices, and match payments against the invoice.

Kinetic can help you do this and more. We can help you maximize your chances of on-time payments by ensuring there are no errors on your invoices. If you are a government contractor, we'll also ensure it complies with any flow-down provisions in your contract with your Prime.

Give us a call today to find out how Kinetic can help you.

Accounts Payable Processing

Bookkeeping activity is quite essential for all type of business, no matter whether it is a big or small business. Activities like bookkeeping, paying vendors, filing tax and maintaining business records should be managed daily. These activities seemingly don't provide a lot of value to the business directly but consume a lot of managerial time.

While starting a business, a small organization has less work and the owner can manage these things on his own. However, as the business grows, the volume of work increases, and it becomes unmanageable for the entrepreneur to deal with all the tedious tasks like scanning receipts, recording the increased transactions and managing the bills.

Hiring in-house staff can be expensive for small and growing businesses. Let Kinetic partner with you and provide the back-office support you need for even the most basic of tasks. We'll scale with you as your business grows and be able to provide valuable insights along the way.

Payroll

When it comes to paying employees, laws and the IRS have made the payroll function a time- consuming nightmare for the small business owner. Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or serving customers.

Kinetic offers payroll solutions that meet your business' needs and enable you to spend time doing what you do best...running your company. Outsourcing your payroll is

  1. Cost Effective – use your staff more efficiently by letting experts handle the details
  2. Time Saver – our payroll service eliminates the burden of maintaining your own payroll system
  3. Worry Free Payroll Tax Filing – eliminates the risks of calculating and filing your own payroll taxes
  4. Better Focus on your Core Competencies – you can focus on your business while the accounting professionals work for you
  5. Comprehensive Reports – you get a wide variety of user-friendly and accurate payroll reports

Cash Forecasting

A wise business owner once said, "Happiness is a positive cash flow." As a business owner, I'm sure you agree. Everything is better when your cash-in exceeds your cash-out. A cash crisis can be emotionally devastating...and it can even kill your business. If you've ever had to beg, borrow and steal to cover tomorrows payroll you know what I mean.

Our cash management service allows you to...

  • know when, where, and how your cash needs will occur
  • know what the best sources are for meeting your additional cash needs
  • be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors

The starting point for avoiding a cash crisis is allowing us to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs.

We also prepare historical cash flow statements to help you gain an understanding about where all the money went. Creating an accurate cash flow projection is just one of the many cash management services we provide. You also get...

  • Help obtaining an appropriate line of credit
  • Cash collection acceleration techniques
  • Proven effective collection policies
  • Proven effective payment policies
  • Help obtaining the maximum rate of return on your idle cash

Cash forecasting is a tedious and cumbersome process that requires great dedication and precision of information. Cash flow management is critical to all businesses. A reasonable alternative is to outsource cash management to a professional service provider, like Kinetic. Such partnership frees you from the burden of managing routine cash flow management tasks allowing you to put your focus back on acquiring new customers and solidifying existing stakeholder relationships.

Scalable Full Back Office Support

Whether you are a start-up, micro, or small business, you are likely becoming overwhelmed with the amount of time it takes to handle all the aspects of your accounting, compliance, tax reports, financial reporting, and dashboarding. Each of these are necessary to ensure long term success and health of your business.

For Small Business, setting up your Accounting System Stack including core accounting, vendor payables, expense reporting, timekeeping, payroll compliance, HR support, cash flow reporting, budgeting, customer invoicing, etc. It also means ensuring you have a comprehensive chart of accounts that will survive many cycles of your company's growth.

For Gov Cons, ensuring you have a charge code structure that is comprehensive enough to support FAR compliance and DCAA audit standards is important. Also, you budget methodology and wrap rate analysis should be meaningful and accurate.

Kinetic can help you no matter where you are in your life cycle and can scale with you as your grow.Give us a call today