Shri Associates. believes in the value of a good financial collaboration in achieving business success. Beyond typical financial statements, we work closely with clients to understand their specific requirements. We deliver individualised financial solutions, proactive recommendations, and personalised strategies as a trusted advisor and strategic partner. Our mission is to provide you with the knowledge you need to make educated decisions and achieve long-term growth.

Our partnership strategy consists of three critical steps for a successful collaboration:

1. In-Depth Business Understanding: We immerse ourselves in your operations, goals, and issues in order to design solutions to your specific needs.
2. Specialised Customised Services: We provide customised services in revenue and expense categorization, financial statement preparation, and other key financial indicators by using our industry experience.
3. Trusted Financial Advice: As a trusted partner, we listen to your financial problems and provide assistance for key business decisions, guaranteeing alignment with your strategy and goals.

At Shri Associates, we understand the importance of accurate revenue and expense categorization for financial performance analysis and accounting compliance. Our team provides expert assistance in navigating accounting regulations, ensuring precise and industry-standard financial records. With the help of cutting-edge technologies, we streamline the record-keeping process, saving you time and effort. We also offer accounting software installation and staff training services to establish a strong accounting foundation for your business. Our knowledgeable team guides you in selecting the right software and provides comprehensive training to empower your staff in utilizing the software effectively and efficiently. With Shri Associates' support, you can confidently maintain accurate financial records, streamline accounting processes, and meet the requirements of investors, lenders, and regulators.

Payroll management may be a time-consuming process for small business owners, diverting important hours away from running and expanding their companies. Shri Associates. understands the difficulties and complexities of payroll management, particularly for early-stage enterprises. We provide payroll outsourcing services that are less expensive than you might expect. We have obtained significant insights into what matters most to founders as they traverse this process from our expertise supporting various startups. We prioritise two essential elements when selecting a payroll system:

Scalability for Growth:

1. We provide payroll solutions that can accommodate the evolving needs of your business as it grows. Our systems are flexible and scalable, ensuring that your payroll processes can easily adapt to the changing size and complexity of your workforce. This scalability eliminates the need for frequent system changes or upgrades, saving you time and effort in the long run.

Compliance with Tax Laws:

1. Staying compliant with tax laws and regulations is crucial to avoid potential penalties and legal issues. Our payroll system is designed to ensure that your company remains compliant with all tax laws and regulations. We handle tax calculations, deductions, and filings accurately and in a timely manner, giving you peace of mind and allowing you to focus on other important aspects of your business.

Furthermore, our payroll system enables and monitors a variety of important employee-related elements, such as hours worked, salary, paid time off, and fringe benefits. We offer extensive reporting and analysis to give you a clear picture of your payroll expenses and employee remuneration.

You can save time, decrease administrative expenses, and assure accuracy and compliance by outsourcing your payroll to Shri Associates. This allows you to focus on growing your business while putting payroll management in experienced hands.

Accounting Services:

• Financial Statement preparation: reviews and compilations
• Accounting assistance
• Bookkeeping
• General ledger review
• Business start-up consulting
• Budgeting and forecasting
• General business consulting
• Personal Financial Statements
• Income tax planning and consulting
• Monthly, quarterly, and annual financial reporting statements
• Bill paying services
• Business management
• Payroll Services
• Payroll and sales taxes
• Loan proposal documentation including: Executive summary, Pro-forma cash budgets and Financial Statements, Owners personal Financial Statement
• Small Business Accounting
• Monthly services including:
• Reconcile your bank account
• Generate an income statement
• Generate a balance sheet
• Clean up your general ledger
• Month-end journal entries preparation
• Unlimited consultation
• Worker’s Compensation Audits
• 1099 and 1096 processing

We specialise in optimising your accounting procedures such as bookkeeping, cash flow management, tax preparation, and payroll administration. Our goal is to assist your organisation in achieving success by delivering efficient and effective solutions in these areas. With our assistance, you can concentrate on building your business while we handle the critical financial issues.

Outsource your accounting to Shri Associates.

We use current cloud-based accounting software at our organisation to give you quick access to your financial data from anywhere, at any time. This allows you to concentrate on your core business operations while we handle the rest. As small business accounting experts, we understand your specific requirements and challenges.

We offer sound and strategic advise by analysing your business and goals, which can save you both time and money. Our experience enables us to discover areas for development, optimise your financial processes, and provide important insights to assist you in making sound decisions. With our assistance, you can confidently negotiate the financial landscape and push your organisation to success.

Cloud-based Bookkeeping Solutions

Allow the specialists to manage your accounting by outsourcing to our firm, freeing up your time and energy to focus on expanding your business. We streamline your business operations by removing time-consuming paperwork and manual data input processes with cloud-based accounting.

We provide a seamless and effective accounting solution that centralises your financial data in a secure online platform by utilising cloud technology. This allows you to have real-time access to your financial data, which simplifies financial reporting, analysis, and decision-making.

By outsourcing your accounting needs, you may free up important resources to focus on strategic projects, customer acquisition, and business growth. Our team of specialists will ensure that your financial records are correct, up to date, and compliant, allowing you to focus on growing your business.

Our cloud-based and virtual bookkeeping services provide secure storage of your financial data, allowing you to access it whenever and wherever you want. Shri Associates. offers a wide range of comprehensive accounting services to fit your needs, including:

• Preparation of monthly financial statements
• Profitability analysis
• Management of accounts receivable/payable

Quickbooks

For your growing business, QuickBooks Online is the ideal choice, providing a highly customizable platform tailored to your specific needs. With its cloud-based technology, QuickBooks Online offers numerous benefits that streamline the tracking of your business's growth. As your trusted partner, we provide support every step of the way. Our team assists in setting up your company profile within QuickBooks Online, ensuring it aligns with your structure and requirements. Additionally, we offer comprehensive training, empowering you with the knowledge and skills to leverage QuickBooks Online's features effectively. With our guidance, you can streamline accounting processes, manage finances, and gain valuable insights into your business's financial health. Our goal is to help you maximize the benefits of QuickBooks Online, allowing you to focus on growing your business confidently.

How we use QuickBooks:

• Use our experience with the QuickBooks Online platform to manage and track your accounting, invoicing, billing, estimations, and more. By handing these chores to us, you can securely move your emphasis to building your company's future.
• Because we support all platforms, you may access and monitor your financial health from anywhere and at any time with our services. We manage the time-consuming financial responsibilities, allowing you to concentrate on other elements of your business.
• Use credit card synchronisation for transparent collaboration, allowing us to automatically integrate your credit card transactions and give you with correct financial data. As your dependable bookkeepers, we are here to assist you and swiftly respond to any queries or inquiries you may have.

Access your financial information easily at any time and from anywhere with our full-service accounting and monthly financial statement preparation services. We ensure that your financial data is organized and readily available, providing you with the convenience and flexibility to make informed decisions about your business.

• Do you need to get a loan from a bank?
• Are you hoping to get investors and raise capital for your small business?

Financial statements are essential when seeking funding from any source. These statements provide crucial evidence of your company's financial health and stability. Whether you're approaching investors, applying for loans, or seeking other forms of funding, having accurate and up-to-date financial statements is paramount. We can assist you in preparing comprehensive financial statements that showcase the strength and viability of your business, increasing your chances of securing the funding you need.

Financial Statement Review & Compilation

Shri Associates. offers financial statement analysis and compilation services that are specifically designed to assist you in preparing and presenting accurate and dependable financial statements. These statements are critical in providing a trustworthy and reliable image of your firm's financial health to investors, creditors, and other stakeholders evaluating your organisation. Our experience ensures that your financial statements meet the relevant standards and provide the appropriate level of credibility and reliability to reassure people evaluating your company.

Balance Sheet

The balance sheet provides a snapshot of your business's financials, including assets, liabilities, and net worth. Analyzing it helps monitor revenue collection, inventory management, and meeting obligations to creditors and stockholders. The balance sheet will include references to:

Assets

• Represent the use of business funds
• Acquired by funds provided by the creditor/investor

Liabilities

• Represents the obligations to creditors
• Includes Current, Non-current, and Total liabilities

Net Worth

• Represents the owner’s investment within the business
• Enables a business to continue (or expand) operations

Income Statement

The income statement, or profit and loss statement, summarizes all income and expenses for a specific period. It provides a clear view of the business's income potential after accounting for all expenses. This statement considers revenue, expenses, and any capital gains or losses incurred during the period.

Equity Statement

An equity statement is a fundamental financial statement that provides detailed information about the financial aspects of a business. It includes the following key components:

• preferred stock
• contributed capital
• common stock
• retained earnings

This statement also highlights how retained profits or surplus has been utilized or allocated during each financial or accounting period. It provides insights into whether the profits were reinvested back into the business, distributed to shareholders as dividends, or used for other purposes, thereby demonstrating the company's financial decisions and strategies.

Cash Flow Statement

The cash flow statement gives a thorough summary of the cash earned and used by a company over a given time period. It is critical in understanding the inflow and outflow of cash inside the organisation. This statement is essential for business owners and potential investors to understand since it details cash flow activities connected to operations, investments, and financing. Furthermore, the cash flow statement contains depreciation, asset gains or losses, and changes in current assets and liabilities, which increases its importance in measuring the financial health and liquidity of the organisation.

Shri Associates. is a specialized accounting and tax firm that focuses on providing comprehensive support to startups and early growth businesses. Our expertise lies in helping startups effectively navigate their financial data, enabling them to gain control and plan strategically for the future. When you partner with us, you receive the advantages of having a virtual CFO without the high cost typically associated with such services. Our team can assist your business in achieving growth through services such as real-time budgeting, cash flow forecasting, tax planning, and implementing improved bookkeeping practices. With our support, you can drive your business forward with confidence and efficiency.

• Incorporation and Registration with state agencies
  • Advice for C-Corp, S-Corp versus LLC

• Registration with the IRS & state agencies
  • EIN Number
  • Sales Tax ID
  • Unemployment Tax ID
• Business plan development
• Cash flow management
• Revenue recognition
• Legal business structuring
• Payroll & Insurance setup

Raise Capital

Securing sufficient funding is often the primary challenge for startups on their path to success. At Shri Associates, we specialize in providing guidance and advice to startups at various stages, whether they are pre-revenue, have secured seed funding, or are seeking series A funding. We understand the crucial importance of organizing your finances effectively as the initial step towards attracting capital investment for your business. Our expertise can assist you in preparing your financials, developing accurate projections, and presenting a compelling case to potential investors. By working together, we can help you overcome the funding barrier and set your startup on a trajectory for growth and success. We can help.

• Profitability assessment
• Secure a business valuation
• Fine tune your business model
• Streamline expenses

Tax Preparation Services

Navigating the complex landscape of payroll taxes, federal taxes, state taxes, and sales taxes can be overwhelming for startups. At Shri Associates, we specialize in working closely with startups to optimize deductions and minimize year-end tax liabilities. Our goal is to ensure that your business takes full advantage of available tax benefits. Additionally, we offer personal tax return preparation services for business owners, ensuring seamless integration between personal and business tax obligations. In the event of any IRS disputes, we provide comprehensive support by addressing and responding to letters from the IRS, helping to resolve any issues efficiently and effectively. With our expertise and personalized approach, we strive to alleviate the tax burden on your startup and keep your financials in compliance with tax regulations.

• Tax projections and year-end planning
• Business income tax returns
• Estimated tax calculations
• Representation for tax audits
• Extension forms
• Quarterly estimated payments
• Personal tax return preparation
• IRS dispute resolution

Bookkeeping

At Shri Associates, our mission is to support your success by providing customized services that streamline your business operations. To achieve this, we leverage industry-leading platforms such as QuickBooks Online. These cloud-based solutions offer secure access to your financial data, ensuring that you can conveniently manage your finances from anywhere, at any time. By utilizing these powerful tools, we enable you to stay connected with your financial information, make informed decisions, and maintain a strong financial foundation for your business. With our tailored approach and cutting-edge technology, we are dedicated to helping you thrive in today's dynamic business environment. We offer:

• Certified ProAdvisor for QuickBooks Online.
• Quickbooks account setup
• Financial statement preparation
• Organize balance sheets, income statements and cash flow statements
• Bill pay services include:
  • Paying vendor bills
  • Invoicing customers
  • reconciling cash and credit account