PRUDENCE BOOKKEEPING SYSTEMS®
Triple 'A' System:
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Analyzing
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Automating
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Archiving
Vision Statement
PBS-Prudence Bookkeeping Systems® vision is to ensure all product and service providers conduct their passion, and have confidence that their financial records are accurate.
Three Part System
Is PBS's Mission Statement: mission is procedural binding structural relations that provide analyzing, automating, and archiving—for retention—service to startups, entrepreneurs, as well as nonprofit & small business owners who seek betterment for their clients.
Analyzing
An analysis of the client’s raw data such as bank statement, general ledgers, and purchase order receipts are queried to ensure that an Accounting Information System can be created by auditing the data to compile information into QuickBooks, SAGE MIP Abila, SAP, Quickens and etc. However, most client have improper books, which need auditing to ensure their systems works.
Automating
After the analysis of the data, the proprietor categorizes the Chart of Accounts and selects the proper AIS based on the industry/segment, then culls the raw data onto the automate bookkeeping system.
Most savvy business owner select to maintain QuickBooks online to see the transformation of their books; but for more robust books desktop is preferred.
Archiving
The client is given an automated copy of the bookkeeping systems of their choice: QuickBooks desktop or online, PBS, or other AIS, (but not limited to listed), and educated on how to manage, update, use, and store their financial records.
Mostly PBS is hired to managed all accounting needs on monthly, quarterly, or annually.
The procedural is to gain knowledge of the small business or nonprofit organization needs for financial records in an automated fashion. These record are then retain for taxes the managers & owners, board of directors or lending firms to view and analyze its financial position.
The binding process is combing through the data to create proper and usable bookkeeping records. In doing so, upholding policy & procedurals, rules & regulation of the General Accepted Account Principles, (GAAP) and International Accounting Standards, (IAS) or International Financial Reporting Standards, (IFRS).
The structural relations is binding the procedures of analyzing, automating, and archiving raw financial data to create a database that then culls and produces a product for usefulness in making financial decisions.
The return of financial reports for reviewing and client's records per Month-end Close, Q1 XXXX - Q4 XXXX, and Year-end Close.
Services
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The procedural to gain knowledge of small business or nonprofit organizational needs for financial records and analyze its financial position.
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The binding of data to create proper and usable bookkeeping records, which use compliance and regulation standards.
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The structural relations are the creation of the proper AIS from the audited or raw financial data into useful bookkeeping systems.
