Business Finance Solutions

Welcome to Pennywise Solutions, your enthusiastic partner in conquering all your business finance needs! We're about delivering expert guidance and personalized solutions that empower you to achieve financial success. Say goodbye to the stress of financial management and hello to focusing on what truly matters—growing your business! With us by your side every step of the way, you can trust that you're in great hands.

 

Now, let’s dive into the exciting process ahead so you know exactly what to expect!

 

Consultation:

We can't wait to learn all about your business! Our consultation is all about understanding your unique operations and financial needs. We'll communicate through the details, exploring how we can best support you in reaching your goals. At Pennywise Solutions, we know that this process can feel a bit daunting, not everyone is in a good place. We’re here to meet you with compassion and understanding. You choose how you want to communicate—whether it’s a friendly chat over the phone, an in-person meeting if you’re local, video call, or even a quick email or text. We’re here to guide you smoothly through this journey without adding any extra stress.

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Onboarding:

When you decide to join us, we’ll take you through a thorough onboarding process, step by step. You’ll receive all your onboarding documents via ShareFile, our secure file-sharing platform. In that folder, you’ll find:

• The Engagement Letter outlining our discussions and plans to ensure clarity for both parties

• Non-disclosure agreement providing you with legal assurance that your information remains confidential

• Client Intake Form requesting personal and sensitive information—this is why the non-disclosure agreement is crucial! If you prefer, you can contact your bank for a view-only log-in, which is perfectly fine. But we're handling bill payments, we’ll need to use QuickBooks for direct transactions.

• ACH Authorization form allowing us to process payments for our agreed services

 

We know questions will arise as we get everything set, but the rest is up to us! We'll be busy completing tasks such as:

• Setting up your QuickBooks online account

• Creating your chart of accounts

• Linking your bank accounts

• Adding vendors/merchants

• Setting up bill payments if needed

• Creating your receipt/document management system to assist with keeping you in compliance.

• Establishing a relationship with your accountant/tax preparer (if you have one) so that we can ensure we are all on the same page, ensuring a smooth end of year transition that will reduce your tax preparation costs. 

• Integration of your POS system if applicable

• Integration of your inventory system if applicable

• Getting you set up with Paychex Payroll if applicable

• Adding/integrating your payroll information with QuickBooks if applicable

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Monthly Services:

Your monthly services will be tailored to what we discuss your consultation and confirm in the Engagement Letter. Your accounts will be up-to-date and reconciled monthly, with reports that give you a clear picture of your financial health!

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Quarterly Services:

Each quarter, we’ll provide your accountant or tax preparer with the necessary reports to ensure your chart of accounts is in top shape for year-end tax filing.

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End of Year Services:

At the end of the calendar year, we’ll have your finances perfectly organized for timely and smooth tax preparation and filing!