What we offer at Five Hearts Consulting to help small businesses
achieve their full potential.
It's more than just bookkeeping.
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Data management is the practice of collecting, keeping, and using data securely, efficiently, and cost-effectively. The goal of data management is to help people and organizations optimize the use of data within the bounds of policy and regulation so that they can make decisions and take actions that maximize the benefit to the organization. A robust data management strategy is becoming more important than ever as organizations increasingly rely on intangible assets to create value.
Managing digital data in an organization involves a broad range of tasks, policies,
procedures, and practices.
The work of data management has a wide scope, covering
factors such as how to:
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Create, access, and update data across a diverse data tier
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Store data across multiple clouds and on premises
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Provide high availability and disaster recovery
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Use data in a growing variety of apps
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Ensure data privacy and security
A formal data management strategy addresses the activity of users and administrators, the capabilities of data management technologies, the demands of regulatory requirements, and the needs of the organization to obtain value from its data.
Data Management
A bookkeeper is the perfect solution to manage your day-to-day transactions, so you don’t have to. They have a focus on day-to-day transactions ensuring everything is up to date, freeing up your time to focus on your business not your paperwork. They manage your Account Payable and Accounts Receivable, which equals savings in your pocket. They assist you to understand your transactions and accounts in your business.
What Does Five Hearts Consulting Do
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Full cycle accounting
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Management of daily transactions
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Bank and credit card reconciliation
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AP/AR maintenance and review
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Government remittance
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Complete G/L setup, conversion, and review
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Processes and Procedure creation
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Training on using QuickBooks ® Online and Hubdoc
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Monthly financial report package
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Accounts payable (bills and payments)
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Accounts receivables (invoices and collection)
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Daily general ledger maintenance
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Time tracking and job cost reporting
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Payroll processing
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Expense classification
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Sales commissions
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Sales tax filing
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Bank account reconciliation
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Credit card reconciliation
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PayPal reconciliation
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Balance sheet generation and review
Do you want it done or do you want it done right? The difference between Five Hearts Consulting and other providers is in the results. From proactive insights and custom financial reporting to third party software recommendations and controller oversight, we don't just handle your accounting needs--we get it done right.
Bookkeeping
Where do you want your business to be? Do you think it could generate more sales and have less expenses? Five Hearts Consulting works with you and your business to create a budget to see the potential to maximize your profit. Why would your business need to use a spending plan and a budget? Imagine not having to worry about unpaid
bills and still have money left over for the real reason you got into business, for you. The completed budget is reviewed by a Chartered Accountant to ensure you are planning for success.
So how did you make out? Is your business reaching (or exceeding) its goals? Five Hearts Consulting will meet with you to review your spending plan and budget to see how your business is progressing. Based on the review, the budget can be retooled to fit your new or unexpected needs. As your business grows and changes, so will your
plan.
Advisory Services
Forecasting and budgeting will help you plan and give you an early-warning signal if you are likely to face cash shortages. Our forecasting service looks at each of your forecast profits, cash, and net assets, giving you a complete picture of what your business might look like in the future. In fact, this is such a powerful business planning tool banks often insist on it as part of raising financing.
Cashflow and Forecasting
"She is very knowledgeable in many different types of accounting softwares both cloud based and non cloud. Was very competent with our nearly outdated program we were using which helped us to keep things together until our year end. She is personable, honest, efficient at what she does. We are so grateful as a company to have found such a great fit at Fekete Homes. Since then I have referred her to other businesses with similar awesome results. I highly recommend Five Hearts Consulting to anyone and would give a further reference at anytime upon request."
- Mike Fekete
Are you losing sleep at night and pulling your hair out over your bookkeeping?
Do you dread month end because you know you need to file your GST, reconcile your banks and pay your suppliers?
Do you know who owes you money and are you collecting Or do you tend to ignore it all until it’s time to have over your bookkeeping file to your accountant and let then take care of it and then worry about the cost?
If that sounds like you, then you need to speak to me.
