◈ Homepage — http://momentumaccounting.com/Who We Help Our Approach Solutions Pricing Company Blog IT’S TIME TO GROW. CONFIDENTLY. Welcome to a new generation of accounting. Talk to an expert Our team is your team. We’ll take care of you and your numbers! We are a team of business-savvy accountants and technology experts who help businesses scale from $1 million to $10 million in annual revenue. Meet the team Your numbers. Our expertise. One story. Find out if we’re a fit We’re small business gurus. We help business owners boost cash flow and increase profits by implementing modern integrated accounting solutions – we’ve got great advice and innovative ideas to share. Stop juggling. Start focusing. Integrated accounting solutions that move your business forward. Technology Implementation Modern integrated accounting solutions. Whether you are considering a complete accounting overhaul or a few small updates, we are here to make it a seamless and stress-free process. Find your momentum Strategic Advisory & Insights Your data tells a story. We find that story. The combination of our savvy team, custom technology stacks, and elevated accounting turns data into actionable insights that guide real growth. Work with us Cloud Accounting Your business is anywhere you are. We use collaborative cloud-based tools that provide you instant access to the information you want whether you’re on a call or on the green. A better way to crunch Tax Documentation Support Turnaround before you can turn around. Not only do we prepare all the documentation your tax accountant needs to file on time, we respond quickly and thoughtfully to all of their requests for supporting information. You’ll never be in the weeds with your tax accountant again. Let’s work together Payroll Services Focus on the relationships. Let us focus on the rest. We offer tools and recommendations that streamline your employer responsibilities. Get started Smart Support Real people. Real support. Based across 6 states and growing, Momentum is here for you. Help is here “If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Better information. Better decisions. Actionable insights delivered how and when you need them. Let's work together People focused. Technology driven. Outsource Solutions and Industry leading partners at your fingertips. Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter ◈ Interior Pages — 25 pages crawledOur Approach – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Turnaround before you can turn around. Accounting Done Differently At Momentum we go beyond. Not only do we respond quickly and thoughtfully to your requests, we deliver on our promises. We help you see the big picture. Tech-savvy. Number-savvy. Business-savvy. When you think savvy, think Momentum. We clean up legacy issues and prevent future mishaps. We help you make the best decisions for your business always give it to you straight. Brains and honesty? We’ve got both. We believe in 100% transparency and open communication. Your business depends on your numbers, and we’ll always give it to you straight. Nerdy? Maybe. Ridiculously smart? Absolutely. Perfectly stacked technology tools allow you to utilize every emerging trend and adapting processes to keep your business ahead of the curve. We like all numbers, but #1 is the best. We aren’t afraid to ruffle some feathers if the occasion arises and work hard to stay at the peak of our game. We’re resourceful, determined, and can conquer any challenge we’re presented with. If you want it done right, we’re the right partner for you. If it’s important to you. It’s a priority for us. Loosen your collar and lighten your workload. At Momentum, we break everything down: No big words. No confusing requests. No worries. We’re friendly, enthusiastic, and easy to talk to. Your business may feel a little hectic at times; let us help calm the stress and bring the balance you desire. Onward and upward. We deliver more than numbers. We help you do more of the things that move you forward and less of the things that hold you back, helping you stay focused on what matters most – being in control of your growing business. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Technology Implementation – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We take your business personally Technology Consulting and Implementation Services Technology can be overwhelming. Whether you are considering a complete accounting overhaul or a few small updates for your business, we are here to make it a seamless and stress-free process. Let’s work together At Momentum, we’re bringing transformational change to accounting…a digital, paperless, fully integrated, cloud-based accounting system. The gap between high-performing businesses, and those that are not, is widening. Why? The ability to create value and competitive advantage through new fully digital accounting workflows is a game changer. This isn’t incremental improvement, it’s transformational and it’s happening across all industries. It’s time to get on board this digital wave. The principles of accounting haven’t changed, the tech that enables it has . Momentum Accounting has a unique combination of accountants who love tech and techies who love accounting. We are constantly searching for new and better software solutions that streamline and accelerate accounting workflows, improve cash flow, and simplify cash management. Accounting tech tailored to your business. Momentum Accounting is the cloud accounting solution for digital agency owners and professional service firms who want to run their businesses from anywhere . Our team of accounting and technology experts consult with you to help automate back-office operations using our vetted app partners so you can be confident in the accuracy of your data. We are experts at mapping, integrating, and synching all of the apps into a coherent and unified view of your financial performance. You have direct and real-time access to all of your financial activity and information. You can run your financial operations remotely and are removed entirely from most back-end workflows. Momentum Accounting Technology Toolbox We start with core accounting software — QuickBooks Online (QBO) or Xero (a Momentum favorite). This is the hub of your Momentum Solution. Then we go through all of the accounting functions and workflows and specify the best software tools for each. The Momentum magic happens when we put it all together – using the open API for QBO or Xero – and create an outsourced accounting solutions just for you. Your Title Goes Here Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings. Accounting Software Cloud-based software with open APIs for building integrated solutions. QuickBooks Online Xero If you’re already on QBO and you like it, we’ll build your solution around that. If you’re starting from scratch or open to recommendations, we will use Xero as the hub. In either case, you will be working with a robust, open platform that enables integration across key accounting functions and workflows. Accounts Payable Spend 50% less time on accounts payable with complete control to review, approve, and pay bills when you want. Now you can pay bills in four simple steps. BILL (Bill.com screen shots with captions -) 1. Capture, review and selectively approve bills. 2. Make strategic cash management decisions based on a full comprehension of what you owe to whom. 3. Pay with a click. 4. Sync with your main accounting software Accounts Receivable Get paid faster We bring together everything that’s required to accept payments electronically for hourly based professional services, SaaS and subscription businesses. We also help companies eliminate fraud, send invoices, receive and process payments (in days, not weeks or months). You’ll always have a clear view of who has paid and who hasn’t. (screen shots with captions showing the Accounts Receivable workflow and benefits) Ignition Stripe GoCardless Employee Expense Management A simplified, paperless method of tracking and charging expenses to projects and clients. Capture expense receipts with a photo, upload with client/job# or other identifying data, sync with client billing and/or employee reimbursement. Ramp Divvy Zoho Expenses Time Tracking Employee and contractor hours are logged against jobs and mapped into your invoicing system. Harvest Payroll Pay employees accurately, on time, every pay run. Once your employee data is in the system, Momentum takes care of the rest. Gusto Rippling Banking Online banking feeds sync directly into QuickBooks Online and Xero for real-time updating of your financial data. Ultra-detailed transaction data for lightning-fast reconciliation, you always know where you stand and can make better, more informed financial decisions. Relay Give your business the momentum it needs to succeed. With today’s cloud-based tools for accounting, invoicing, and payment processing, Momentum Accounting is creating competitive advantage for its clients. The result is a more predictable and steady cash flow along with substantial operational cost savings. Also, you no longer have to waste your valuable time on administrative tasks, so you can focus on activities that grow your business and strengthen client relationships. Don’t date yourself, date us. Outdated methods are simply holding your business back. Technology is your friend, and Momentum helps you to embrace change. We support and modernize your business with the latest technology. Effortlessly implementing a payment processor and automating your invoices and invoice reminders will have you noticing an ease and improvement in your business. There are countless ways to include technology and our team will find the most productive, meaningful, and realistic ways to do so. Cloud-Based Accounting Analyze your current setup Develop personalized tech stack consisting of current cloud-based apps that make sense for you Simplify and streamline day-to-day financial tasks Improve the overall operational efficiency of business Get started Better information. Better decisions. You can be confident that your numbers are compliant and being handled by a team focused solely on you. Momentum is always researching and incorporating the latest apps, ensuring your business is at the forefront of technology. Our app list is ever evolving, but currently includes: *We clients who can collaborate on GSheets and the like! Our team is your team. Think of us as your accounting department in the cloud! Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest professional services – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Outsourced accounting helps professional services firms play to their strengths. Momentum Outsourced Accounting Services. If you have a firm of high-priced talent providing specialized expertise, you want your people to be completely focused on solving client problems and bringing in new business. Let’s work together Across a spectrum of industries – marketing, IT, HR, architecture, engineering, wealth management, and consulting – outsourcing complex, non-core business functions is a strategic way to improve efficiency, streamline operations, and reduce costs. This is especially true when it comes to accounting. While each of these industries has its own unique set of accounting challenges, many of the benefits of outsourcing are common to all. Focus on what you do best. The fundamental value proposition of outsourcing is to free up time and resources to focus on core business functions. By outsourcing non-core functions such as accounting and bookkeeping, professional services firms can improve efficiency and productivity. Get access to accounting expertise. You know the value of being “best in class” in your area of expertise. That’s how you differentiate yourself from the competition. Critical functions such as accounting, payroll, and bookkeeping deserve the same. Is accounting a strength for your firm? Do you really want to invest the time and resources to raise your accounting game? It is far easier to find an outsourced accounting provider that is already there and can take you to the head of the class. Tailor your solution precisely to your needs. Professional service firms often find it challenging to get the level of accounting expertise they need at the right salary. For example, they can afford a bookkeeper, but really need a controller. Or they only need a controller but are paying for a CFO. When you outsource accounting, you can select just the services and expertise you need. Better decision making. Almost every decision your business makes has financial implications. Do you have the data you need at your fingertips to make informed decisions? Outsourcing accounting, bookkeeping, and payroll functions to a tech-savvy, cloud-based provider can help ensure that you always have access to accurate and up-to-date financial records anywhere you have a connection. Lower your operating costs. Outsourcing can be cost-effective compared to hiring an in-house team to manage accounting, payroll, and other functions. Outsourcing eliminates the need to provide employee benefits such as health insurance, vacation time, and retirement plans. Additionally, outsourcing can help firms avoid costly accounting errors that can lead to penalties and fines. Scale up, scale down without hiring and laying off personnel. Seasonal fluctuations in business volume, landing a big contract (or completing one) can greatly impact your staffing needs. Taxes and audits also create fluctuations in your accounting and bookkeeping needs. When you outsource, those challenges shift from you to your provider. You only pay for the services you use and you don’t have to tie-up HR with the time-consuming and costly process of hiring and training new employees. Critical considerations for choosing your outsourced accounting provider. When selecting your accounting partner, make sure they have policies, procedures and the latest technology to address these important matters. Data security Financial data needs to be protected from breach and theft. Your outsourcing provider should have security measures in place and leverage the cloud to ensure that data is kept secure and confidential. Open communication. Make sure your provider establishes clear expectations for effective communication and collaboration. The best providers have regularly scheduled meetings to provide updates, reports, and resolve any issues. Tech savvy. Your outsourced accounting provider should be able to streamline and automate accounting functions with a fully integrated, cloud-based tech-stack. Anything less, should be a red flag. Accounting challenges for professional services firms. Timekeeping and billing: Accurately tracking and recording billable hours can be difficult, leading to underbilling or overbilling. Expense management: Professional service firms often have employees utilizing company credit cards for both overhead expenses and client-related expenses, like travel. Tracking this spend, billing it back to clients or managing expense reimbursements can take a lot of man hours if modern technology is not used. Project accounting: Many firms work on large, complex projects that can last for months or even years (for example a multi-year consulting engagement, etc.). These projects may involve multiple phases, teams, and clients, and can be difficult to track and manage. Project accounting is critical to ensure that costs and revenues are accurately recorded and that the project remains profitable. Accounting software: Specialized accounting software can be complex and difficult to use. Firms may struggle to find software that meets their specific needs, or they may struggle to train staff on how to use the software effectively. Cash flow management: Many firms often have uneven cash flows, with periods of high revenue followed by periods of low revenue. Properly managing cash flow is critical to the firm’s financial stability and success. Firms may need to carefully manage their accounts receivable and accounts payable to ensure that they have sufficient cash on hand to meet their obligations. Cost accounting: Accurately tracking costs is essential for firms to ensure profitability. These costs can include direct labor, materials, subcontractor costs, and overhead expenses. Cost accounting can be complex, particularly when projects involve multiple teams or subcontractors. Tax compliance: Depending on your industry, your firm may be subject to a variety of tax regulations, including sales tax, use tax, and income tax. These regulations can be complex and vary from state to state. Compliance with tax regulations is critical to avoid penalties and fines. Revenue recognition: Firms may have complex revenue recognition challenges, particularly when revenue is generated through fees or commissions. Revenue recognition policies may be impacted by regulations, client contracts, and accounting standards. Payroll processing: Firms have to ensure that payroll taxes and other deductions are accurately calculated and paid. This process can be complex, especially with firms that have employees in multiple states, which complicates compliance requirements. Employee benefits: Firms are responsible for managing employee benefits, including health insurance, retirement plans, and paid time off. Managing employee benefits can be complex and time-consuming, particularly when dealing with multiple plans and providers. Overall, professional services firms face several unique accounting challenges due to the nature of their work. To overcome these challenges, firms need to find an outsourcing provider that has experienced accounting professionals, specialized accounting software, and is familiar with regulatory compliance and accounting standards. Accounting in the cloud is a game changer for professional services firms. Across all industries, the cloud and integrated software solutions are enabling incredible levels of process automation, with improved effectiveness and efficiency. It’s what many people refer to as “digital transformation.” And the ones who successfully adopt and adapt are going to pull farther ahead of those who sit on the sidelines. If you’d like to know more about how outsourced accounting can tu CFO Services – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Every month we get smarter, together. Strategic Advisory Insights With Momentum Accounting, your business has a next-gen automated, integrated cloud accounting system of systems. Nearly all of the administrative and clerical work has been taken off of your plate. We do the accounting in the background, and you are free to focus on growing your business. Let’s work together We use Quickbooks Online (QBO) or Xero as a hub, we link and sync to all of the critical applications in the business accounting ecosystem – payroll, AR/AP, employee expense reporting, etc. Tasks that used to be time, labor, and paper intensive, are now running at computer clock speed with minimal human intervention. That’s important, because that allows us to spend significantly more time analyzing your results and providing valuable insights, month after month. Your Monthly Momentum Financial SmartShot™ Every month, we will provide a Financial SmartShot ™ (it’s like a financial snapshot, only smarter) that provides a focused look at the metrics that matter. . This three-page report is your single source of truth for all your accounting and financial performance data. And it is presented in a way that helps you gain greater knowledge about what is working and what isn’t. Net profit is down this month. Why? Were there unexpected expenses? New hires that took time to get fully on-boarded and engaged? We know what questions to ask and where to look to find the answers. We provide expert commentary on the results, highlighting variances, raising flags, understanding the outliers. Every month, our accounting experts make recommendations about how to keep or get things moving in the right direction.   Momentum Accounting Financial SmartShot Glossary Net Profit The single most important indicator of financial performance. Are you making money, month over month? Total Income How much revenue did you generate? Is it growing? If not, do you know why? Direct Costs How much does it cost to make and deliver the things you sell or the services you provide? Cost of goods sold (COGS) is interchangeable with direct costs. Gross Profit Total revenue minus direct costs equal gross profit. Gross Profit Margin What you sold minus what it cost to make it is expressed as a percentage. Healthy gross profit margins are the foundation of a successful business. Overhead Costs Overhead costs can include fixed monthly and annual expenses such as rent, salaries and insurance or variable costs such as advertising expenses that can vary month-on-month based on the level of business activity. Net Operating Income A measure of profitability which represents the amount the company has earned from its core operations. It is calculated by deducting operating expenses from operating revenue. It excludes non-operating expenses such as loss on sale of a capital asset, interest, tax expenses etc. Net Profit Margin Net profit margin is one of the most important indicators of a company’s overall financial health. Net profit margin helps owners understand if their company is generating enough profit from its sales and whether operating costs and overhead costs are under control. Cash Management Cash management is the process that involves collecting and managing cash flows from the operating, investing, and financing activities of a company. It is a key indicator of an organization’s financial stability. Bank Accounts The total available cash to fund operations without having to draw on lines of credit or capital markets. Cash Flow The lifeblood of a business, cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows. Cash Reserves Emergency funds set aside to fund operations through downturns in business. In the world of startups this is often called runway. How many months can you fund operations if there was no revenue? Every business needs a CFO Build your business with better numbers. Let’s get started! “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Privacy Policy – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Privacy Policy This privacy policy sets out how Momentum Accounting, Inc. uses and protects any information that you give Momentum Accounting, Inc. when you use this website. Momentum Accounting, Inc. is committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with this privacy statement. Momentum Accounting, Inc. may change this policy from time to time by updating this page. You should check this page from time to time to ensure that you are happy with any changes. What we collect : We may collect the following information: name contact information including email address and phone number demographic information such as postcode, preferences and interests other information relevant to customer surveys and/or offers What we do with the information we gather: We require this information to understand your needs and provide you with a better service, and for the following reasons: Internal record keeping. We may use the information to improve our products and services. We may periodically send promotional emails about new products, special offers or other information which we think you may find interesting using the email address which you have provided. From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, phone, fax or mail. We may use the information to customize the website according to your interests. Security We are committed to ensuring that your information is secure. In order to prevent unauthorized access or disclosure, we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online. How we use cookies: A cookie is a small file which asks permission to be placed on your computer’s hard drive. Once you agree, the file is added and the cookie helps analyze web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences. We use traffic log cookies to identify which pages are being used. This helps us analyze data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system. Overall, cookies help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us. You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website. Links to other websites: Our website may contain links to other websites of interest. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question. SMS Terms and Conditions: By providing your mobile phone number, you consent to receive SMS messages from Momentum Accounting related to account and service notifications Message frequency may vary. Standard message and data rates may apply depending on your carrier. Opting Out You may opt out of receiving SMS messages at any time by replying with “STOP” to any SMS message you receive from us. After opting out, you will receive a confirmation message, and we will cease sending SMS messages to your number. Help and Support If you need assistance or have questions about our SMS service, reply with “HELP” to any SMS message you receive, or contact our customer support team at [email protected] Your phone number will be handled in accordance with our Privacy Policy. We do not share SMS opt-in consent with any third parties for solicitation purposes. Controlling your personal information: You may choose to restrict the collection or use of your personal information: if you have previously agreed to us using your personal information for direct marketing purposes, you may change your mind at any time by unsubscribing. We will not sell, distribute, or lease your personal information to third parties unless we have your permission or are required by law to do so. No mobile information will be shared with third parties/affiliates for marketing/promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen. Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Technology Companies / SaaS Companies – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Technology Companies / SaaS Companies Your Startup Deserves Better Than DIY Financials Get investor-ready, understand your runway, and scale with confidence—without drowning in spreadsheets. Let’s work together Why SaaS Companies Trust Momentum Accounting Most founders start with DIY financials. But as your SaaS grows, bad data, missed revenue, and tax mistakes can cost you funding—or worse, your company. At Momentum, we help SaaS startups: Understand your burn & runway —so you never run out of cash unexpectedly. Impress investors —with clean, accurate financials they actually trust. Build a scalable back office —so your accounting grows with you, not against you. You focus on growth. We’ll handle the numbers. Know Your Burn, Nail Your Runway Running a startup means balancing cash flow, ARR, and growth at the same time. DIY accounting makes it easy to miscalculate burn and runway, leaving you scrambling for funding too late. We help you: Track burn rate accurately (not just guess it). Project your runway with confidence. Optimize spending to extend your cash reserves. We make sure you know exactly how much money you have, how long it will last, and what you need to do next. Impress Investors & Close Funding Faster Investors don’t just look at product-market fit—they look at your numbers. If your financials are messy or unreliable, you’ll lose credibility fast. We help SaaS startups: Present clear, GAAP-compliant financials investors trust. Automate revenue recognition for subscription models Ensure financial accuracy for due diligence Because ‘we’ll clean up the books later’ isn’t an option when you’re pitching VCs. Built for Scale: Financial Ops That Grow With You DIY financials might work for pre-revenue startups. But once you hit growth mode, you need a finance stack that scales —without turning into a bottleneck. At Momentum, we: Automate invoicing, expenses, and payroll so you don’t waste time Integrate with your existing SaaS tools (QBO, Xero, Stripe etc) Keep you tax-compliant across states & countries We don’t just “do your books.” We build a financial system that grows with your startup. Your Startup Deserves More Than DIY Accounting Messy books? Unclear runway? Investor stress? Let’s fix that. Book a free startup finance audit today. Schedule a Call Momentum begins here. Stop juggling. Start focusing. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Payroll – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We take your business personally. Painless Payroll Services Ask any business owner and they will tell you that managing payroll is a pain. Let’s work together It is the single largest monthly expense for almost all businesses, and it is extremely complicated with frequent updates and changes (new hires, changes to withholding, benefits, taxes, laws and regulations, etc.). Even if you’re using payroll software that automates some steps, you still need to understand rules around payroll taxes, making sure each employee’s benefits are set up properly in the system. If you have employees in multiple states, you have to register in each state and keep up with all of the state notices and changes. Your payroll software vendor may help with technical issues, but for the rest of it, you’re on your own. And if you forget to run payroll or make mistakes, you will find out immediately how important it is to your employees’ satisfaction and retention. No wonder it’s one of the first things to be outsourced. If you’re currently navigating payroll on your own, or spending too much time dealing with payroll issues, it’s time to get Momentum Accounting on your team. Two distinct sets of challenges…operations and compliance. Running payroll is more than just paying wages. You have to calculate benefits such as health insurance, 401k deductions, as well as withholding federal, state and local taxes. The IRS will pursue businesses that get this wrong since payroll taxes withheld by employers comprise nearly 72% of all revenue collected by the agency. If the tools being used to manage payroll are not integrated into your main accounting system, you will have to enter data multiple times. On the compliance side, you have to be current on all employment regulations (federal, state and local) governing employee records. For example, the Fair Labor Standards Act (FLSA) mandates that records of employee earnings must be kept for at least three years. Are your records properly stored and audit-ready? With Momentum Accounting, you have the peace of mind that your payroll data is securely stored and backed up in the cloud. A further complication: The increasing mix of FTEs, temps and contractors. Many companies are trying to stay as lean and agile as they can. That has a profound impact on staffing. Finding the right balance of core team members (FTEs) and supplementing them with temps and contractors to deal with spikes in workloads can really increase payroll complexity. We’ll make sure you classify employees properly…no matter where they work from. We’ll make sure you understand the specific state employment regulations you have to be aware of, and the state tax rate for employee withholding. Momentum Payroll Services…powered by Gusto software. Making payroll painless. One of the biggest reasons we choose Gusto is because it automates so many HR, accounting, compliance and other vital business tasks. Gusto is also easy to use for both employers and employees alike. Gusto automates employee on-boarding and takes care of calculating and filing payroll taxes for you and your employees. It keeps a record of pay stubs accessible to employees through their online profiles. Employees also get an email each payday letting them know their money is coming in. Contractor payment is just as easy. Setup a profile with their W-9 information and pay rate and you can enter all contractor payments in one sweep and set payments to be delivered via direct deposit. Gusto tracks contractor payments and generates a 1099 form for each contractor each year. Gusto files employee W-4s and contractor W-9s as part of their profile setup, and it creates and distributes W-2 and 1099 forms each January for tax returns. You can also elect to have Gusto automatically file a new hire report in an employee’s state when you hire them. When it comes to managing benefits, Gusto enables you to purchase group health, dental and vision insurance plans and administer benefits on the platform. Employees will be able to opt in or out of benefits through the platform, as well. You can also administer flexible spending accounts and health savings accounts and a variety of retirement plans (e.g. IRAs and 401Ks) and/or a 529 college savings plan. Momentum Payroll powered by Gusto highlights Our tech experts fully integrate Gusto into Quickbooks Online or Xero to create an automated, streamlined, error-free payroll solution for: Employee On-boarding — New state registrations & compliance Pay rates (salary/hourly) Commissions and bonuses Expenses and reimbursements Time tracking Benefits (health insurance, 401k) Withholding taxes Paid time off tracking Simplify payroll and give your business a Momentum boost. With payroll off your plate, you can focus on the things that really matter – how to grow the business, and how to improve customer and employee satisfaction. Want a better way to do payroll? Momentum begins here. Stop juggling. Start focusing. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Cloud Accounting – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Accrual in the Cloud with Momentum Next-gen Outsourced Accounting Solutions that deliver measurable results. When you outsource your accounting to Momentum, you can be assured of three things: It will be in the cloud It will be accrual based It will be a source of sustainable competitive advantage Let’s work together Here’s why Momentum does accounting in the cloud. We’re numbers people first and foremost, but make no mistake, being tech savvy is our secret sauce. That’s why we love cloud accounting. In the cloud, it’s now possible to build end-to-end digital, automated accounting workflows customized to your specific business. All of those workflows can then be synced and integrated into your QuickBooks Online or Xero Accounting Hub. Much like other cloud software, these solutions give businesses game-changing flexibility while reducing capital expenditures and maximizing human resources. And the best part is, once they are built and integrated, you don’t even have to run them. Momentum Accounting does it all in the background for you. Real-time financial information at your fingertips. What used to be labor intensive administrative tasks – running payroll, reconciling bank statements and expense reports and getting everything posted properly to the general ledger – are now off your plate, completely. Even better, the information you need to make sound financial decisions is just a click away, accessible from anywhere you can get a signal. Need to check AR aging? Want to pay some bills? How are gross revenues this month? Questions that used to take hours/days/weeks to get answers are now available immediately and are served up in a user-friendly app that puts you firmly in control of your financial information. Simple, streamlined reporting Dashboards for easy access Bookkeeping Automatic Bill Pay (accounts payable) Automatic Invoicing (accounts receivable) Automatic bank feeds Real-time financial data Financial reporting on an accrual basis Organizing and going paperless: No more data entry. Receipts and paperwork will all be stored in the cloud Unlimited access to your data on any device at any time Freedom to make smart business decisions from anywhere . Want a deep dive on Cloud Accounting? Click for more What Is Cloud Accounting? Cloud accounting refers to performing basic accounting tasks, like managing and balancing the books, using software that resides in the cloud and is often delivered in an as-a-service model. Momentum accountants manage accounts payable, accounts receivable, the general ledger and much more within the application. Just like other cloud-based systems, cloud accounting software runs on a cloud provider’s platform rather than on a local hard drive or server. Owners and other credentialed employees can access the tools and information they need through the internet and do not need to be in a certain location to understand the financial state of the business. How Cloud Accounting Works The software is typically integrated with the company’s bank accounts, so all transactions automatically post to the correct digital ledger. Users have real-time access to the financial information most critical to their roles, like available cash, bills due in the next five days, or an aged receivables report. All numbers update immediately as the software receives new information, and owners can drill down into the data for additional details. The Benefits of Cloud Accounting Automation: When bank accounts are connected to the accounting system, transactions post automatically, meaning no time-consuming data entry or manual imports. This software can also automate account reconciliations, matching bank statements and invoices to ledgers to help you close the books more quickly. Some accounting applications can also automatically pay vendors and send invoices to customers on user-defined dates.   Accessibility: All anyone needs to access a cloud accounting solution is an internet connection, web browser and login credentials. They can access the solution on mobile devices like smartphones and tablets. Lower overhead expenses: Organizations that outsource accounting to a firm using cloud technology often spend less than those who manage their tech stacks in-house. More than 60% of IT executives said reducing cost was their primary concern, according to cloud research firm Datometry. Much of those savings stem from the fact that you don’t need to purchase hardware or pay a large IT staff to manage the system. Avoiding upgrades and maintenance that often result in big bills from the vendor or a partner lower the total cost of ownership, as well. Data security: The security protocols of top cloud software vendors are far more extensive than what most businesses can do on their own. Cloud providers regularly back up your data to servers in multiple locations, reducing the risk that a fire or natural disaster could compromise your instance of the system and information. Scalability: Organizations can take advantage of just about any computing resources they might need with cloud software. As the business and its needs grow, they can add server space as they need it. Increased collaboration: Cloud accounting software facilitates collaboration because all data is accessible and viewable to all authorized users. There is no single information gatekeeper, (a major fraud deterrent) so if a marketing leader, for instance, wants to see sales numbers from last quarter, their permissions can be changed to let them do so. Visibility encourages cross-departmental projects and teamwork. Faster implementation: Companies can usually get up and running on a cloud solution faster because there are no servers to purchase and set up and no IT team to train. Additionally, top vendors have done thousands of implementations and have developed efficient, repeatable processes that will allow you to quickly reap the benefits of the new system. Why we standardize on Accrual Accounting instead of cash-basis accounting. There comes a time when a business outgrows cash-basis accounting. It’s typically when revenues approach or exceed $1 million on an upward trajectory. At that level, the complexity of accounting for the business expands as well. How will you know? Critical accounting functions such as payroll, bill paying, invoicing and collecting become so time and labor intensive that they are a drain on productivity, prone to error, and potentially hurt the profitability of the business. And the financial information provided by cash-basis accounting provides no real insight into how the business is actually doing. At Momentum we use accrual basis accounting to create a competitive advantage for you. We move our clients from cash-basis to accrual basis for some very powerful reasons. It provides a more accurate picture of the company’s financial performance month to month. Accrual basis financials are the foundation for any KPI analysis or forecasting. They enable us to see trend lines, and detect any warning signs around income, cash flow, profitability, and margins. It changes the way we record to the ledger and supports the matching principle – whereby companies report expenses at the same time as the revenues they are related to. Revenues and expenses are matched on the income statement for a period of time (e.g., a year, quarter, or month). As a result, we can help our clients better project revenues while tracking future liabilities. And should your business ever need a line of credit, new investors, or a potential exit through sale, you will need to show them books that use the accrual method. We give your business Momentum with outsourced, cloud-based, accrual accoun Happy Clients – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We deliver more than numbers. Happy clients! You need more mental health days and less time spent worrying if your business is prospering. We promise open communication, easy transitions, and a consistent flow of forward progress. Whether your goal is to grow your business or find balance, Momentum will help you find your smile again. See what our clients have to say about us: “I tended to be scared to hire someone, always worried it wasn’t the right time financially. The insights Momentum continually lays out lets me confidently choose what’s right for BroadVision in the moment.” “Momentum provides a granular look at our numbers, allowing us to make more intelligent decisions.” “It is just wonderful to have that safety net of expertise when it comes to our books.” Jon Sooy, CEO / Co-Owner of BroadVision Marketing Read the success story “If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” Michael Ross, CEO of Lattice Wealth Management ”Sometimes difficult -really difficult-questions are asked of us, and we have to think to answer. Momentum uses creative solutions and innovative approaches to ensure we capitalize and grow.” “I’m not sure if we actually ever knew our real cash flow before partnering with Momentum. Now I can trust our numbers and that is a significant relief for us. Jaco Grobbelaar, CMO / Co-Owner of BroadVision Marketing Read the success story “Simply couldn’t be happier and highly recommend you talk to them. Capabilities of the firm meet all of their expectations and couldn’t get a better high level of service and great value.” Steve Holt, Partner, Bonnie’s Jams “I will continue utilizing Momentum’s services and plan to stay with them indefinitely. They have given me back time in my days while beautifully closing my books monthly, handling invoicing, cleaning my historical records, and managing payroll – along with several other services! I truly recommend Momentum.” Becky Barton, CEO / Founder, People415 Read the success story ”Your search is over, hire them and save yourself time!” Mitch Auran, Partner, Strategyn “Before Momentum, I didn’t have the confidence or trust in what we were doing. Within moments of hiring them, I knew it was the right thing to do. They handle business smoothly and fix any previous issues, without judgement. I now have the support of an entire team financially mentoring me, handling my bookkeeping, and allowing me to focus where my time is needed.” Hank Holiday, “Momentum transitioned my engineering firm into a business that runs efficiently and successfully. They do their job, and do it well, giving me the chance to do mine well – without ever thinking about my accounting. Their attention to detail, ability to listen, excellence service, continual pursuit of progress, and open communication equate to their unwavering value.” Ryan Blair, CEO, NuWave Energy Solutions More happy clients! Google reviews Onward and upward. We deliver more than numbers. We help you do more of the things that move you forward and less of the things that hold you back, helping you stay focused on what matters most – being in control of your growing business. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Our Story – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Creating solutions to our clients’ challenges, every time. Momentum Begins Here In 2016, Nikole Mackenzie, small business advisor and entrepreneur, hit the ground running by creating Momentum, a boutique technology-forward accounting firm. Believing that every business is a unique collection of people, stories, and goals, she was confident Momentum could offer a more holistic approach to numbers, leveraging best-in-class cloud-based technology to provide CPA trained, white-glove bookkeeping, payroll, and CFO advisory services to small businesses— Nikole knew she was right, and she was ready to prove it. Well-named, the company quickly gained momentum and the relationships created began to tell their own success stories. We were bridging the gap between outdated services and legacy technologies with innovative next generation solutions, and we were having fun! At the forefront of this movement, we pride ourselves on our people-first approach and dedication to our clients, staying on top of trends and always looking out for their best interest. The combination of our savvy team , custom technology stacks , real-time dashboards and powerful analytics turn data into actionable insights that guide real growth. Leave the numbers to us! We focus on the numbers so you can focus on growing your business. Explore our solutions “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Success Stories – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We deliver more than numbers. Success Stories We provide personalized, out-of-the-box (and into the cloud), dynamic solutions that support your growing business. Balancing the numbers and technology, so you don’t have to. Find out how we’ve helped our clients: SaaS Professional Services Marketing Agencies Small Business Ned Dwyer Great Question SaaS Scaling a SaaS business is hard — your books shouldn’t make it harder. For Ned Dwyer, CEO of Great Question, finance was the part he avoided until Momentum Accounting stepped in. They helped him move from confusion over accrual vs. cash-based accounting to confidently navigating investor due diligence. With Momentum, he finally had clarity on the runway, clean reports, and a financial system that earned investor praise typically unheard of for a company at his stage. If your finances feel like a blind spot, this is what getting ahead looks like. “ Investors have definitely noticed that we’ve got a tight financial ship in place. They don’t have to come chasing us for them, which it sounds like they have to do with a lot of their other portfolio companies. There were a lot of comments around, this is normally not something we see at a company at your stage. “ Guillame Wissocq AppTweak SaaS Managing a U.S. subsidiary from Belgium without a local finance team isn’t easy unless you have the right partner. As CFO of AppTweak, Guillaume Wissocq needed a U.S.-based team that could handle everything from accounting and payroll to compliance and planning. Momentum Accounting stepped in with full-service support and gave his team the autonomy to grow without micromanagement. From handling multi-state payroll complexities to advising on compensation structures and remote hiring, Momentum became more than a service provider; they became an extension of the team. Guillaume doesn’t second-guess the numbers. And he doesn’t need to. “ I’ve got a lot on my plate, that’s why I rely on partners in the U.S. Momentum has been very great for that that because I can run the U.S subsidiary from Belgium without any financial internal team in the U.S. So that means they offer great support. “ MaryBeth Hall Brown Pelican Wifi IT & Technology Services When a key team member left, Marybeth Hall faced the stress of managing complex finances while running a busy event services company. She needed more than bookkeeping. She needed a true partner. Momentum Accounting stepped in, learned the business fast, and delivered detailed, customized reporting that gave Marybeth clarity, confidence, and peace of mind. From day-to-day operations to long-term planning, Momentum became the support system Brown Pelican WiFi needed to thrive through change. No gaps, no stress, just a seamless extension of the team. “ I was blown away by how Fast Momentum just picked it all up and took over, honestly. My fears were completely allayed and it’s actually gotten better and better the longer we’re working together. “ Becky Barton People415 HR Professional Services Managing invoices, expenses, and taxes while running an HR firm was taking a toll. The numbers were unclear, the books weren’t closed monthly, and tax extensions had become the norm. For Becky Barton, founder of People415, Momentum Accounting brought the structure and clarity she needed. With monthly reports, forecasting, and real-time visibility into direct costs, overhead, and profit, her team finally had a clear financial picture. Payments now come in faster, decisions are data-driven, and taxes get filed on time without the last-minute scramble. “ The first time that we closed our books for the year and I was able to file my taxes on time was a very big moment. “ Nancy Fiame Bay Area Bin Support Waste Management Services For years, Nancy Fiame thought her business finances were under control until recurring cash flow issues revealed deeper problems. Momentum Accounting stepped in and quickly surfaced what was really happening: overlooked costs, profitability concerns, and a lack of visibility. They didn’t just diagnose the issues, they partnered with Nancy to fix them. With changes to payroll timing, invoicing systems, and monthly reporting, Bay Area Bin Support turned a stressful, unclear situation into one of financial confidence and growth. Today, they’re planning to buy a warehouse, something that felt impossible before. For the first eight years of our company, we had a family member helping us with it. We thought we understood the numbers, but we really didn’t realize how much we didn’t know until Momentum Accounting came in. “ Jaco Grobbelaar Broadvision Marketing Marketing Agency Running a marketing agency without truly understanding the numbers created constant stress for Jaco Grobbelaar. Every month ended with questions he couldn’t confidently answer about cash flow, profitability, or where the business was really headed. Momentum Accounting helped turn that around. By pairing financial reporting with industry benchmarks and future-focused planning, Jaco now knows exactly where BroadVision Marketing stands and where it’s going. No more guesswork. No more cold sweats. From net profit ratios to hiring decisions and growth projections, Momentum became more than an accounting service. They became a financial partner. “ Investing in Momentum Accounting was one of the one of the better investments we’ve made. I have much more insight in my finances. I am not getting the end of the week wondering, do I have enough money in the bank to pay my invoices? I now know where we’re going. “ Matt McIver Commence Studio Marketing Agency Mathew McIver was always involved in his numbers, but without reliable forecasts or clear financial visibility, he couldn’t make the decisions his digital agency needed. Momentum Accounting changed that. They brought clarity to his P&L, streamlined forecasting, and integrated seamlessly with his tech stack. With consistent communication and custom reporting, Mathew finally had the tools to step back from the financial weeds and focus on growing Commence Studio. From tough decisions to record profits, Momentum helped transform how his business operates, freeing up time and building long-term confidence. “ Momentum has really helped us get a better picture of our finances, our levers of profitability. and that really improved things for me as far as operating day to day and brought the most financial clarity I’ve ever seen in my business. “ Jeff Brown Vairex Specializied Industrial Equipment Manufacturer Trying to make financial decisions without accurate data, while also scrambling to update outdated systems during a market downturn, left Eberspächer VAIREX in a vulnerable position. Jeff Brown, General Manager at the clean energy manufacturer, recalls the transformation: fast response times, clearly defined meeting agendas, and a structured process that helped the team make decisions confidently. With Momentum’s support, Eberspächer VAIREX established standard structures, gained access to timely and accurate data, and was able to act quickly, avoiding worst-case outcomes during a difficult financial period. “ The part of process that I felt made it the most successful was the level of communication and attention to detail. We would get almost immediate responses. W ith the level of dysfunctionality we had before and to get to where we needed as quickly as we did was a bit of a challenge, but I think it went extremely well .” Allyson Holt Bonnie’s Jams Specialty Food Manufacturer Selling a company comes with chall CFO Services – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Every month we get smarter, together. Strategic Advisory Insights With Momentum Accounting, your business has a next-gen automated, integrated cloud accounting system of systems. Nearly all of the administrative and clerical work has been taken off of your plate. We do the accounting in the background, and you are free to focus on growing your business. Let’s work together We use Quickbooks Online (QBO) or Xero as a hub, we link and sync to all of the critical applications in the business accounting ecosystem – payroll, AR/AP, employee expense reporting, etc. Tasks that used to be time, labor, and paper intensive, are now running at computer clock speed with minimal human intervention. That’s important, because that allows us to spend significantly more time analyzing your results and providing valuable insights, month after month. Your Monthly Momentum Financial SmartShot™ Every month, we will provide a Financial SmartShot ™ (it’s like a financial snapshot, only smarter) that provides a focused look at the metrics that matter. . This three-page report is your single source of truth for all your accounting and financial performance data. And it is presented in a way that helps you gain greater knowledge about what is working and what isn’t. Net profit is down this month. Why? Were there unexpected expenses? New hires that took time to get fully on-boarded and engaged? We know what questions to ask and where to look to find the answers. We provide expert commentary on the results, highlighting variances, raising flags, understanding the outliers. Every month, our accounting experts make recommendations about how to keep or get things moving in the right direction.   Momentum Accounting Financial SmartShot Glossary Net Profit The single most important indicator of financial performance. Are you making money, month over month? Total Income How much revenue did you generate? Is it growing? If not, do you know why? Direct Costs How much does it cost to make and deliver the things you sell or the services you provide? Cost of goods sold (COGS) is interchangeable with direct costs. Gross Profit Total revenue minus direct costs equal gross profit. Gross Profit Margin What you sold minus what it cost to make it is expressed as a percentage. Healthy gross profit margins are the foundation of a successful business. Overhead Costs Overhead costs can include fixed monthly and annual expenses such as rent, salaries and insurance or variable costs such as advertising expenses that can vary month-on-month based on the level of business activity. Net Operating Income A measure of profitability which represents the amount the company has earned from its core operations. It is calculated by deducting operating expenses from operating revenue. It excludes non-operating expenses such as loss on sale of a capital asset, interest, tax expenses etc. Net Profit Margin Net profit margin is one of the most important indicators of a company’s overall financial health. Net profit margin helps owners understand if their company is generating enough profit from its sales and whether operating costs and overhead costs are under control. Cash Management Cash management is the process that involves collecting and managing cash flows from the operating, investing, and financing activities of a company. It is a key indicator of an organization’s financial stability. Bank Accounts The total available cash to fund operations without having to draw on lines of credit or capital markets. Cash Flow The lifeblood of a business, cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows. Cash Reserves Emergency funds set aside to fund operations through downturns in business. In the world of startups this is often called runway. How many months can you fund operations if there was no revenue? Every business needs a CFO Build your business with better numbers. Let’s get started! “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Meet the team – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Accounting is a team sport. You’re going to love working with us! Our team shares a common goal, to make accounting technology more accessible and the entire process more human. It’s our people who make the difference. Meet the team that brings clarity to numbers and turns data into insights that help you drive better, faster, more streamlined business decisions—everyday. Let’s work together 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Nikole M CEO & Founder 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Milli B Head of Growth & Partnerships 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Jen H Director of Operations 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Ramona R Controller 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Ashley D Accounting Manager 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Meagan G Client Services Manager 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Mark M Operations & Delivery Lead 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Courtney L Senior Accountant 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Mary S Junior Accountant 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Jamie E Onboarding Lead 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> April H AP & Bookkeeping Specialist 0) { var a= document.createElement('a'); a.target= '_blank'; a.href= externalUrl; a.click(); } })();return false;"> Owen M Accounting Intern Nikole M CEO & Founder Nikole has seen small business accounting from every perspective as a recovered tax and audit CPA who now runs her own scaling accounting firm. With her easy-going approach and contagious enthusiasm, she’s led hundreds of owners to revitalize their paper-based accounting departments or build new systems from the ground up. Nikole has high standards and competes to be a top performer - envisioning big things for her clients and her own business. Location: CA 1 Podcast Co-Host: Cash Flow Show 7 Australian Rules Football National Championships as a member of the SF Iron Maidens "I’ve always loved working with small businesses, and now technology is allowing us to become embedded with them in a whole new way. We’re providing powerful financial insights that are influencing real growth. We’re riding all the highs and lows alongside our clients in a way accountants historically have never been able to do. How COOL is that!" Milli B Head of Growth & Partnerships Milli is the driving force behind strategic growth and streamlined operations at Momentum (and the only non-accountant!) With a knack for turning big-picture goals into clear, scalable systems, she builds the infrastructure that keeps everything everything running smoothly. Whether refining sales strategies, implementing EOS, or coaching teams, she brings a people-first approach to every challenge. Location: CA Ran her own business for 8 years 7 Australian Rules Football National Championships, teammates with Nikole “I thrive on turning chaos into clarity. I’m obsessed with building systems that support both the business and the people behind it – because every time we grow, we get to support more business owners doing what they do best!” Jen H Director of Operations Jen is consistently there any time you need a little extra guidance. If you’re looking for someone who will understand the nuances of your business so that she can anticipate your needs, Jen is your partner. Location: CA 1 BA in Business with an Accounting concentration 2 Fur Babies: Norman and Buddy “I am there for my clients for whatever they need and try to go above and beyond expectations. If I don’t have the right answer, I will find someone who does.” Ramona R Controller Ramona’s ‘whatever it takes’ mentality keeps her clients’ businesses moving forward. If you’re looking for someone scrappy and unafraid to conquer any challenge, Ramona is your partner. Location: CA 1 BA in Accounting & Finance 10 Years of Season Ski Passes in Tahoe “I love building one-on-one relationships with different small business owners. I’m excited to show them how we can use different tools and processes to solve their problems - and there is always a problem to solve!” Ashley D Accounting Manager Ashley D. is the eyes and ears for her small business owners. If you’re looking for someone who enjoys providing support at the ground level and does her job well so that you can do your job well, Ashley is your key support person. Location: AZ 14 Years of Experience in Accounting 3 Holidays Always Celebrated at Once (Thanksgiving, Birthday, and Christmas) “I love how agile small businesses are. Seeing how a small process change I recommended and implemented can take the stress away from a business owner really makes my day.” Meagan G Client Services Manager Meagan is a detail-driven accountant who brings clarity and confidence to her clients’ finances. With a background in onboarding new clients, she has helped develop streamlined, supportive processes that makes getting started feel easy.. She specializes in helping business owners clean up their finances, catch up on past work, and implement systems that support smarter decision-making. Clients appreciate her down-to-earth communication style, proactive mindset, and genuine investment in their success. Location: Michigan Bachelor of Business Administration (BBA) with Business Management and Accounting concentrations, Northwood University, 2013 I spend most of my free time watching my boys race their motorcycles “I'm excited to bring a calm, can-do energy to every project - helping clients feel less overwhelmed and more empowered with their finances.” Mark M Operations & Delivery Lead Mark is passionate about making financial clarity accessible to everyone. With 9 years of experience, he excels in bookkeeping and financial analysis helping clients understand their financial health and achieve their goals. Location: Philippines 1 BS in Accountancy Loves playing computer games! “I love the opportunity to make a tangible impact on our clients' financial well-being. It’s incredibly satisfying to transform complex numbers into clear insights that empower our clients.” Courtney L Senior Accountant Courtney Lake brings both expertise and heart to her role as Senior Accountant. She’s passionate about building strong relationships with her clients, creating a seamless flow of communication, and supporting businesses as they grow from the ground up. With her thoughtful and collaborative approach, Courtney ensures that her clients feel supported, understood, and set up for success. Location: Tampa, Florida Senior Accountant Sports mom through and through—whether it’s cheering at her son’s baseball game, supporting her daughter at cheer competitions across states, or watching football at home, she’s always all-in for her team. “I love that Momentum, even while being remote, still has such a strong family feel. Everyone steps in to support one another, and the collaborative, exciting envir Contact – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Let’s Connect Find your Momentum! We look forward to hearing from you. Momentum Accounting, Inc. Located in the cloud! See what our clients are saying! Google reviews Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Careers – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog You’re going to love working with us! Careers at Momentum We understand what makes our employees happy, and we are here for it. We completely support a remote team of accountants and technology experts. View Open Roles Does that sound like what you are looking for? If you love handling everything from bookkeeping and payroll to providing forward-thinking insights through custom-built tech-stacks and dashboards, or you simply give really great advice, Momentum might be the right place for you . Who We Are We are a team of intelligent, creative, and supporting people ready to work together to better our clients’ businesses. We work remotely and confidently, carrying our dedication to success and happiness across all avenues. We deliver more than numbers. Meet the team How We Work There’s a certain team spirit that you will find within Momentum. We are dedicated to our work, but it’s a team sport all the way. We utilize every resource – and each other – to build and provide the best solutions for our clients. We take this business personally – and hope you will too. Why Momentum mo·men·tum momentum = mass x velocity The strength or force that something has when it is moving forward- we’re that force for our clients! Our awesome team is growing! Do you love numbers, people and technology? Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Solutions – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Give your business Momentum. Momentum Accounting is a new breed of outsourced accounting firm. We’ve combined the best of cloud-based technology with real-time benchmark reporting and expert guidance to create custom paperless solutions that free up your time, save you money, and provide valuable insights that can power your growth. We are numbers-driven, tech-savvy and we see accounting solutions as an opportunity to transform accounting into an engine for growth and a source of competitive advantage. Run your business at full throttle and leave the books to us. Accounting has always been high on the list of business functions to outsource. The key benefits of your Momentum solution: Improved focus on your core business. With Momentum on your side, you don’t waste time dealing with accounting issues – invoicing and collections, managing payroll, reconciling expense reports and bank statements, etc. Access to expertise. Momentum specializes in accounting and has the experience and expertise you need. That includes putting together a fully integrated tech-stack that streamlines and automates your accounting workflows. Greater insight into financial performance. From our initial Momentum Accounting Health Check to setting up your benchmarks KPIs (key performance indicators), you will have the data you need to make better decisions on a daily basis. Cost reductions. Your accounting department comes off the payroll (including benefits, health insurance, etc.). Scalable growth. Transform your accounting function from a an administrative task that always falls to the back burner to a proactive cash flow and cash management tool . Eliminate the risk of fraud When businesses are stolen from, 99% of the time it’s by an internal employee acting alone with no oversight. Outsourcing accounting is one of the easiest ways to prevent fraud. We’ll create a single source of truth for all of your accounting functions. One of the biggest challenges for business owners is that there are so many disparate systems being used – one for bookkeeping, one for invoicing, one for collecting payment, one for bill paying, one for tracking employee time, and another for payroll expenses. When questions come up, someone has to dig for the answers…and that’s not the best use of anyone’s time. We fix that. An integrated system of accounting software and workflows. Momentum is expert at building custom accounting tech stacks tailored to your business. We start with core accounting software — QuickBooks Online (QBO) or Xero (a Momentum favorite). This is the hub of your Momentum Solution. Then we go through all of the accounting functions and workflows and specify the best software tools for each. The Momentum magic happens when we put it all together – using the open API for QBO or Xero. Keeping the Momentum going with Strategic Advisory Insights We monitor the data daily, perform weekly bank reconciliations, and at the end of each month, provide a three-page report that includes a financial summary, profitability, and cash flow. We also provide recommendations based on what we learn month over month. It’s CFO level guidance without a CFO salary.   We help businesses flip the script on cash flow. Most businesses push invoices out and wait to get paid. In fact, depending on the size of the agency and the clients they deal with, the average wait to get paid ranges from more than a month to up to 52 days! That creates an enormous strain on your cash flow. Here are a few signs that your company has cash flow issues due to ineffective invoicing and collection processes: You sometimes have to contribute money to the company or draw on a line of credit because you don’t have enough to cover payroll, even though your business is profitable on an annual basis. This should be a serious wake up call. The company’s Profit and Loss statement is “lumpy”; meaning the net profit takes big swings each month and it’s always a surprise. No one likes surprises, especially financial ones. When you look at your P&L, all your revenue is consolidated into one line item, so you have no insight into which clients and services are most profitable. Because of this, it’s hard to know how the company is performing and it’s difficult to compare the agency’s metrics against industry benchmarks. When it comes to knowing who owes the company money, there is no one source of truth. For example, you may be using one system for invoicing and collecting payments, and a different system for entering your bank data and reporting. Your AR aging may not match in each system and that can lead to lost revenue. Even worse, you sometimes follow up with clients, only to find out they’ve already paid. You are the owner, and you are doing all of the invoicing and collections. You are so busy that you frequently send out invoices late or forget to follow up with past-due accounts. You would like to delegate invoicing but aren’t sure how or who to delegate it to. . One of the biggest complaints we hear from owners is that they HATE dealing with invoicing and chasing past-due customers. It’s a time sponge and nuisance. If it is poorly managed, you can end up with thousands or even millions of dollars tied up in accounts receivables. And this cash is for work that has already been done, which means your employees and contractors have already been paid. We show clients how to get paid first and fast. With today’s cloud-based tools for accounting, invoicing, and payment processing, you can automate the invoicing and collections process and virtually eliminate issues with receivables. The result is a more predictable and steady cash flow along with substantial operational cost savings. Also, you no longer have to waste your valuable time on administrative tasks, so you can focus on activities that grow your business and strengthen client relationships. Support and Training While you will be working with one consistent point of contact, you have a team of experts in each area that your business needs. Regular zoom meetings and open communication create the balance that will leave you feeling confident, happy, and supported. If you are ever stuck or stalled, we’ll get you back up to speed as quickly as possible. Need to train a new hire on a specific workflow? Having a sync issue with one of the apps? We’re on it, pronto.   Year-end taxes don’t have to be painful. Tax time is a burden that can weigh you down and drain your energy and passion towards your business. Not anymore.   Our team personalizes your reports and prepares documents for you to hand over to your tax accountant, making your filing experience as smooth and easy as possible. We also work with you in handling state and local registrations and filings, and we handle your 1099 filings. At Momentum, we pride ourselves on our knowledge and understanding of finances and tax implications and obligations. You can count on us to keep your numbers accurate and your business compliant.   The first step…a Momentum Accounting Health Check. Do you have issues with invoicing and receivables? Is it easy to find out who has paid and who hasn’t? What is your monthly burn rate? Are your gross margins within industry standards? Do you even know?   We think it’s vital to have a handle on your financial well-being. So before we start building any solutions, we like to take the temperature and check the pulse on your financial performance.   This initial assessment goes a long way to understanding what it will take to get your business in peak condition. Schedule an Accounting Health Check here A people-first approach driven by new technology We are bridging the gap betwee Payroll – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We take your business personally. Painless Payroll Services Ask any business owner and they will tell you that managing payroll is a pain. Let’s work together It is the single largest monthly expense for almost all businesses, and it is extremely complicated with frequent updates and changes (new hires, changes to withholding, benefits, taxes, laws and regulations, etc.). Even if you’re using payroll software that automates some steps, you still need to understand rules around payroll taxes, making sure each employee’s benefits are set up properly in the system. If you have employees in multiple states, you have to register in each state and keep up with all of the state notices and changes. Your payroll software vendor may help with technical issues, but for the rest of it, you’re on your own. And if you forget to run payroll or make mistakes, you will find out immediately how important it is to your employees’ satisfaction and retention. No wonder it’s one of the first things to be outsourced. If you’re currently navigating payroll on your own, or spending too much time dealing with payroll issues, it’s time to get Momentum Accounting on your team. Two distinct sets of challenges…operations and compliance. Running payroll is more than just paying wages. You have to calculate benefits such as health insurance, 401k deductions, as well as withholding federal, state and local taxes. The IRS will pursue businesses that get this wrong since payroll taxes withheld by employers comprise nearly 72% of all revenue collected by the agency. If the tools being used to manage payroll are not integrated into your main accounting system, you will have to enter data multiple times. On the compliance side, you have to be current on all employment regulations (federal, state and local) governing employee records. For example, the Fair Labor Standards Act (FLSA) mandates that records of employee earnings must be kept for at least three years. Are your records properly stored and audit-ready? With Momentum Accounting, you have the peace of mind that your payroll data is securely stored and backed up in the cloud. A further complication: The increasing mix of FTEs, temps and contractors. Many companies are trying to stay as lean and agile as they can. That has a profound impact on staffing. Finding the right balance of core team members (FTEs) and supplementing them with temps and contractors to deal with spikes in workloads can really increase payroll complexity. We’ll make sure you classify employees properly…no matter where they work from. We’ll make sure you understand the specific state employment regulations you have to be aware of, and the state tax rate for employee withholding. Momentum Payroll Services…powered by Gusto software. Making payroll painless. One of the biggest reasons we choose Gusto is because it automates so many HR, accounting, compliance and other vital business tasks. Gusto is also easy to use for both employers and employees alike. Gusto automates employee on-boarding and takes care of calculating and filing payroll taxes for you and your employees. It keeps a record of pay stubs accessible to employees through their online profiles. Employees also get an email each payday letting them know their money is coming in. Contractor payment is just as easy. Setup a profile with their W-9 information and pay rate and you can enter all contractor payments in one sweep and set payments to be delivered via direct deposit. Gusto tracks contractor payments and generates a 1099 form for each contractor each year. Gusto files employee W-4s and contractor W-9s as part of their profile setup, and it creates and distributes W-2 and 1099 forms each January for tax returns. You can also elect to have Gusto automatically file a new hire report in an employee’s state when you hire them. When it comes to managing benefits, Gusto enables you to purchase group health, dental and vision insurance plans and administer benefits on the platform. Employees will be able to opt in or out of benefits through the platform, as well. You can also administer flexible spending accounts and health savings accounts and a variety of retirement plans (e.g. IRAs and 401Ks) and/or a 529 college savings plan. Momentum Payroll powered by Gusto highlights Our tech experts fully integrate Gusto into Quickbooks Online or Xero to create an automated, streamlined, error-free payroll solution for: Employee On-boarding — New state registrations & compliance Pay rates (salary/hourly) Commissions and bonuses Expenses and reimbursements Time tracking Benefits (health insurance, 401k) Withholding taxes Paid time off tracking Simplify payroll and give your business a Momentum boost. With payroll off your plate, you can focus on the things that really matter – how to grow the business, and how to improve customer and employee satisfaction. Want a better way to do payroll? Momentum begins here. Stop juggling. Start focusing. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Digital Agencies – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Give your digital marketing agency a competitive advantage. Momentum Outsourced Accounting Services. If you own or run a digital marketing agency, you’re always trying to find an edge. We’re it. Let’s work together We know the agency business. We built our accounting solutions specifically for digital agencies. We help you address new workplace realities – remote, multi-state employees, cloud-based – with highly automated, streamlined digitalized accounting operations. We can help you determine profitability for monthly retainers, project work, media spend and commissions. Our invoicing solutions help you get paid faster. And the best part is that accounting and all of the related processes that come with it, are gone. We provide financial insight and guidance through our monthly reporting. It’s like having a CFO, controller, bookkeeper and payroll expert on your team…without the salaries and overhead! We help you flip the script on cash flow. Most agencies push invoices out and wait to get paid. In fact, depending on the size of the agency and the clients they deal with, the average wait to get paid ranges from more than a month to up to 52 days! If that sounds familiar, it’s an enormous strain on your cash flow and a drag on productivity. One of the biggest complaints we hear from agency owners is that they HATE dealing with invoicing and chasing past-due customers. It’s a time sponge and nuisance. If it is poorly managed, you can end up with thousands or even millions of dollars tied up in accounts receivables. We show you how to get paid first and fast. With today’s cloud-based tools for accounting, invoicing, and payment processing, we will help you automate the invoicing and collections process and virtually eliminate issues with receivables. The result is a more predictable and steady cash flow. And, you no longer have to waste your valuable time on receivables, and can instead focus on activities that grow your business and strengthen client relationships. Here are a few signs that your company has cash flow issues due to ineffective invoicing and collection processes: 1. Payroll issues. You sometimes have to contribute money to the company or draw on a line of credit because you don’t have enough to cover payroll, even though your business is profitable on an annual basis. This should be a serious wake up call. 2. Surprises in your P&L’s. The company’s profit and loss statement is “lumpy”; meaning the net profit takes big swings each month and it’s always a surprise. No one likes surprises, especially financial ones. 3. No profit insight. When you look at your P&L, all your revenue is consolidated into one line item, so you have no insight into which clients and services are most profitable. Because of this, it’s hard to know how the company is performing and it’s difficult to compare the agency’s metrics against industry benchmarks. 4. Too many systems. When it comes to knowing who owes the company money, there is no one source of truth. For example, you may be using one system for invoicing and collecting payments, and a different system for entering your bank data and reporting. Your AR aging may not match in each system and that can lead to lost revenue. Even worse, you sometimes follow up with clients, only to find out they’ve already paid. 5. A need for delegation. Your you are the owner, and you are doing all of the invoicing and collections. You are so busy you frequently send out invoices late or forget to follow up with past due accounts. You would like to delegate invoicing, but aren’t sure how or who to delegate it to. Year-end taxes don’t have to be painful. Tax time is a burden that can weigh you down and drain your energy and passion towards your business. Not anymore. Our team personalizes your reports and prepares documents for you to hand over to your tax accountant, making your filing experience as smooth and easy as possible. We also support you with state and local registrations and filings, and your 1099 filings. At Momentum, you can count on us to keep your numbers accurate and your business compliant. Momentum Accounting is a new breed of outsourced accounting firm. We are numbers-driven, tech-savvy and we see accounting solutions as an opportunity to transform accounting into an engine for growth and a source of competitive advantage. The first step…a Momentum Accounting Health Check. Do you have issues with invoicing and receivables? Is it easy to find out who has paid and who hasn’t? What is your monthly burn rate? Are your gross margins within industry standards? We think it’s vital to have a handle on your financial well-being. So before we start building any solutions, we like to take the temperature and check the pulse on your financial performance. Schedule an Accounting Health Check We’ll create a single source of truth for all of your accounting functions. One of the biggest challenges for digital agency owners is that there are so many disparate systems being used – one for bookkeeping, one for invoicing, one for bill paying , one for tracking employee time, and another for payroll expenses. When questions come up, someone has to dig for the answers…and that’s not the best use of anyone’s time. We fix that. An integrated system of accounting software and workflows. Momentum is expert at building custom plug-and-play accounting tech stacks tailored to digital marketing agencies. We start with core accounting software — QuickBooks Online (QBO) or Xero (a Momentum favorite). This is the hub of your Momentum Solution. Then we go through all of the accounting functions and workflows and specify the best software tools for each. Keeping the Momentum going with Strategic Advisory Insights We monitor the data daily, perform weekly bank reconciliations, and provide a three-page Financial SmartShot report every month that includes a financial summary, profitability, and cash flow. You have the monthly data you need to make strategic decisions around cash management, cash reserves, client concentration, etc. We also call your attention to outliers and anomalies, and provide recommendations based on what we learn month over month. It’s CFO level guidance without a CFO salary. Run your business at full throttle and leave the books to us. Accounting has always been high on the list of business functions to outsource. The key benefits of your Momentum solution: 1. Improved focus on your core business. With Momentum on your side, you don’t waste time dealing with accounting issues – invoicing and collections, managing payroll, reconciling expense reports and bank statements, etc . 2. Access to expertise. Momentum specializes in accounting and has the experience and expertise you need. That includes putting together a fully integrated tech-stack that streamlines and automates your accounting workflows. 3. Greater insight into financial performance. From our initial Momentum Accounting Health Check to setting up your benchmarks KPIs (key performance indicators), you will have the data you need to make better decisions on a daily basis. 4. Cost reductions. Your accounting department comes off the payroll (including benefits, health insurance, etc.). 5. Scalable growth. Transform your accounting function from a an administrative task that always falls to the back burner to a proactive cash flow and cash management tool. Support and Training In addition to your single point of contact, you have a team of accounting experts in each area that your business needs. Regular zoom meetings and open communication will have you feeling confident, happy, and support Who we help – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Smart work for smart companies. Who We Help Our job is to support and help your business become stronger, more efficient, and easier for you to run. We do this by ensuring that our relationship is the right fit from day one. Let’s work together We’ve worked with almost all industries, below are a few of our faves! We partner with seasoned business owners who care about their numbers, are open to modern cloud-based solutions that streamline process and increase efficiency, and value expert guidance that drives smart growth. Industries we love and specialize in: Wealth Management Firms Marketing Agencies Blue Collar (HVAC, Landscaping, security staffing, cleaning) Business to Business (B2B) Professional Service Firms Technology companies (we are looking at you, SaaS companies!) Restoration Companies   Businesses looking to exit Family owned businesses Momentum begins here. We deliver more than numbers. We help you do more of the things that move you forward and less of the things that hold you back, helping you stay focused on what matters most – being in control of your growing business. Explore our solutions “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Blog – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest packages and pricing – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Competitive, tailored pricing Get as much Momentum as you need. We offer our outsourced accounting services in tiered packages – Bookkeeping Partner, Controller Guidance, and CFO Expertise. Let’s work together Each package offers an increasing level of accounting support and financial expertise. Packages can be customized to meet a wide range of needs based on your industry and your particular requirements. This enables you to get as much Momentum as you need at a cost that represents significant savings compared to full-time employees. Bookkeeping Partner: Starting at $ 1,800 / per month Weekly data entry Weekly bill paying Weekly accounts receivable aging updates Employee expense reimbursements Monthly accrual-based financial reports and team review meeting Controller Guidance: Starting at $ 5400 / per month All Bookkeeping Partner services, plus: Monthly benchmark reporting and analysis of profitability and cash-flow Custom reports or live dashboards to share with bankers, investors, auditors, shareholders Accounting controls and oversight of fraud and compliance risks Collaboration with internal or external bookkeeper, management team and tax accountant Short-term cash-flow management M&A due diligence support Dedicated controller with a college degree and/or CPA designation CFO Expertise: Starting at $ 8000 / per month All Controller Guidance services, plus: Weekly cash flow & KPI meetings Customer profitability analysis Business valuation analysis Strategic financial planning and forecasting Advanced financial modeling and scenario planning Expert financial guidance and strategy from a CFO with 15+ years of experience Imagine all your monthly bookkeeping being done for you, better than you can currently do it, for $1,800 a month. All of the administrative tasks of bookkeeping come off your plate and into our incredibly capable hands. Your monthly reports enable you to track your business’ performance against industry standards, identify trends and patterns, areas of concern, and opportunities for improvement. With Momentum as your Bookkeeping Partner, you have the freedom to focus on what you do best. You have a clearer picture and deeper insight into how your business is doing month over month, and you have ready access to the financial data you need to make more informed decisions. This package is designed for smaller businesses that are focused on becoming the next big thing…bookkeeping is necessary, but not a priority. It is for us. As your business grows, you will reach a point where bookkeeping is not enough. Momentum offers packages for businesses that require an experienced accountant/CPA dedicated to overseeing the day-to-day financial operations of your company, as well as providing strategic financial guidance to help it achieve its goals. That’s Momentum Controller Guidance. This robust package elevates your finance and accounting capabilities at about half the cost of an in-house controller. As your company grows and expands, it will face new financial challenges and opportunities. You need CFO -level expertise to manage the company’s growth and expansion, including developing and implementing financial strategies, securing funding, and managing risk. This includes developing financial metrics, monitoring performance against financial targets, and providing financial analysis and guidance. When you’ve reached a level of growth and success where you need strategic financial planning, forecasting, and modeling to take your company to the next level, Momentum CFO Expertise can get you all you need without the CFO price tag. Discover the power of Momentum outsourced accounting for your business. Schedule a no-obligation discovery call with us here Momentum begins here. Stop juggling. Start focusing. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Resources – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog How to stage your business for exit Oct 12, 2023 | Blog , Small Businesses 11 must do steps to prepare your business In the housing market, sellers understand the value of staging the home. Getting it in the best possible shape before showing it to potential buyers. Your business is no different. If you are thinking about selling your... That one time I won on The Price is Right…and 8 steps to rethink your pricing strategy Jul 28, 2023 | Cloud Accounting The Price is Right. Or is it? Back when I was in college I won the showcase showdown on the TV game show The Price is Right. (Unfortunately it was shortly after Bob Barker retired). So I like to think I have at least a little bit of credibility when it comes to... Unlock Business Growth: 4 Reasons why it might be time to ditch Profit First Jun 5, 2023 | Blog "Profit First" is a hugely popular financial management system and book written by Mike Michalowicz. I’m not going to go into too much detail about the system here as there are plenty of other articles about it on the internet. You can find a good summary from one of... Is it time to outsource your accounting? Apr 27, 2023 | Blog No matter what stage your business is in – startup, early growth, scaling up, or preparing for exit – accounting is critical to your success. In fact, accounting can be a competitive advantage and an engine for growth. But for most companies, it’s far less than that. ... Increase profit? Start with business pricing strategy Feb 27, 2023 | Blog , Cloud Accounting , Small Businesses Does business pricing strategy play a major role in your profit goals? Profit is the goal for every business. In its simplest form, net profit is determined by subtracting expenses from revenues. A profitable business is well-poised for future growth, securing loans... What to Look for in Accounting Services for Businesses Feb 16, 2023 | Blog , Cloud Accounting , Small Businesses Accounting services for businesses are often seen as a necessary evil just to endure and delegate as quickly as possible. But what if accounting solutions were a powerful partnership, helping you unlock greater profitability and knowledge of your business? The problem... How to use your monthly financial reports to reach 2023 goals Jan 26, 2023 | Blog , Cloud Accounting , Small Businesses Are Your Monthly Financial Reports Guiding Toward Your Goals? As we enter 2023, you have most likely defined financial goals for your business to achieve in the new year. It may be a revenue target, or employee headcount, or even a cashflow target from profitability.... How to Harness the Power of Automated Bookkeeping Jan 26, 2023 | Blog , Cloud Accounting , Small Businesses Is your business gaining the benefits available from automated bookkeeping? Bookkeeping equals a chore in your mind, right? Keeping up with transactions and expenses is a needful process in any fundamentally-strong business. But too many think of it as a reactive game... It’s Time To Flip The Script On Cash Flow! Jan 6, 2023 | Blog Cash flow is the lifeblood of every business. It’s the fuel that drives growth. When it sputters or stalls, it can put your entire enterprise at risk. In the agency world, there are a few reasons for cash flow issues:   Not enough profits to sustain positive cash... Growth Metrics to Measure in Annual Planning Dec 22, 2022 | Blog , Cloud Accounting , Small Businesses Your annual plan is your company’s “North Star” for the following year. Its core function is to provide every decision-maker with an actionable framework to make decisions. The challenge many organizations face comes in the way of deciding what KPIs to measure. There... « Older Entries “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Cloud Migration Services – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Unlock the power of cloud accounting – revolutionize your financial management. Cloud Migration Services. It’s time to elevate your accounting from the Desktop to the Cloud. Let’s work together If you’re still using desktop versions of popular accounting software such as QuickBooks Desktop, you’re missing out on the next generation of accounting solutions. Here’s a quick rundown of why you should be doing your accounting in the cloud, with Momentum. Accessibility. Data at your fingertips. Desktop accounting software is siloed on a single computer. If you want something, you have to be able to access that computer. Typically, that means you have to ask someone for the information you need and wait until they deliver it. That’s not ideal, especially when you need the information now. With QuickBooks Online or Xero you can access your financial data from any device with an internet connection. This allows for greater flexibility and convenience, as you can work on your books from anywhere at any time. Collaboration. Real-time access from multiple locations. Tired of having to share files to get accounting information to important team members? Cloud accounting makes it easier to collaborate with your accountant, bookkeeper, business partners, etc. Multiple users can access the software simultaneously, which facilitates real-time collaboration and enhances productivity. Security and Data Backup. World-class cloud providers. Cloud providers such as Amazon, Microsoft and Google use the most advanced security measures—encryption and multi-factor authentication—available to protect their customers data. Does the PC that holds your most important financial data have the same level of security? And with the threat environment continually evolving, who do you trust to provide security patches to keep your data safe? Another advantage, cloud providers automatically backup your data, as opposed to manual data backups (which often get delayed or forgotten) on your desktop PC. Automatic Updates. You’re always working with the latest version. With cloud accounting, updates and new features are automatically implemented by your service provider. This ensures that you are always using the latest version without having to manually install updates. On a desktop, you need to purchase and install new versions or updates manually. Scalability. Your cloud accounting solution grows with you. Cloud accounting is well-suited for businesses of varying sizes, including small businesses and growing enterprises. As your business expands, your cloud accounting solution scales to accommodate increased transaction volumes and user requirements without significant hardware or software upgrades. Your desktop version has limitations based on the specific version and requires manual upgrades to access additional features or capacity. Integration and Third-Party Apps. The next generation in automated accounting. Cloud accounting solutions offer a wide range of integration possibilities with other business applications and third-party services, such as payment processors, accounts receivable and accounts payable solutions, payroll, etc. This allows for seamless data flow between different systems, streamlining your business processes. All of those workflows can then be synced and integrated into your QuickBooks Online or Xero Accounting Hub giving you a deep clear picture into your financial performance, enhanced forecasting capabilities, and strategic cash management tools. Much like other cloud software, these solutions give businesses game-changing flexibility while reducing capital expenditures and maximizing human resources. And the best part is, once they are built and integrated, you don’t even have to run them. Momentum Accounting does it all in the background for you. Ready to soar into the cloud? Momentum Accounting is expert at creating fully integrated cloud accounting solutions. We put it all together for you so that your accounting services become a continual source of competitive advantage. Schedule an initial, no-obligation call today!   Momentum begins here. Stop juggling. Start focusing. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Smart Support – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog Help is here. Smart Support Your success is our success, and we’ve got your back. We are real people dedicated to supporting your goals through our team-approach and modern, data-driven solutions. Let’s work together Our team is your team. While you will be working with one consistent point of contact, know that we have an entire pod-structure set up backing your POC. With every resource available, we utilize our experts in each area that your business needs. Regular zoom meetings and open communication create the balance that will leave you feeling confident, happy, and supported. We hear you the first time, but we listen every time. Find your momentum. Better information. Better decisions. Partner with us “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest Tax Documentation Support – Momentum Accounting Who We Help Our Approach Accounting Done Differently Success Stories Testimonials Solutions Solutions Overview CFO Services Outsourced Accounting Payroll Services Cloud Migration Services Pricing Company Our Story Meet the Team Careers Contact us Blog We deliver confidence. Tax Documentation Support Year-end taxes don’t have to be painful. The dread of filing can act as a burden that not only weighs you down, but drains your energy and passion towards your business. This should not be your normal. Let’s work together Let us lift this weight from you. Our team personalizes your reports and prepares documents for you to hand over to your tax accountant, making your filing experience as smooth and easy as possible. We also work with you in handling state and local registrations and filings, and we handle your 1099 filings. At Momentum, we pride ourselves in our knowledge and understanding of finances. You can count on us to keep your numbers accurate and your business compliant. Take a deep breath and exhale. We’ve got you. Information you can trust. We’ll take care of you and your numbers. Let’s get started! “ If you need more (beyond just bookkeeping), then it’s a no brainer, they are awesome and they will be there as you grow.” – Michael Ross, CEO of Lattice Wealth Management Business Accounting will never be the same N Number-Savvy Outsource your entire accounting function from bookkeeping and controller to strategic financial insights with confidence N Tech-Savvy Transition to the latest, most efficient tools for better transparency, insights and financial management delivered right to you N Business-Savvy Clean up legacy issues, prepare your business for sale or a new strategic direction with ease Ready to get started? Talk to us today Let's talk ©2023 Who We Help Industries we love Digital Agencies Professional Services Technology/SaaS Company Pricing Meet the team Resources Privacy Policy Quick links Our Approach Our Solutions Case Studies Contact Us Newsletter Follow Follow Pin It on Pinterest