Law
Every law firm needs two offices working in conjunction- Front office with the intelligent hard-working lawyer(s) generating billable hours, and a back-office providing support services. As the back office, the three areas we provide exceptional value to our law clients are:
1. Compliance
Most attorneys are well aware of the importance of managing trust account properly, but most don’t have time and motivation to perform adequate accounting procedures. With Kauffman|Kim, LLP, you will have the assurance that your trust accounts will be accounted for properly and 3-way reconciliation reports will be constructed in a timely manner. Every state REQUIRES 3-way reconciliation reports in specific intervals and there are extremely serious consequences for violating them.
2. Time-Saving
US lawyers spend only approximately 30% of workdays on billable hours. From bookkeeping, bank reconciliation, payroll, accounts payable (paying bills), to generating/sending bills, we handle all back-office duties so you can solely focus on growing your business. Leave your back office to us because every minute spent on accounting is time not spend on things that matter the most.
3. Profitability Assessment
Kauffman|Kim, LLP has specialist accountants who generate management reports to analyze profitability and efficiency with you. Addition to traditional profit & loss statement, we provide class-based reporting, which allows you to categorize income and expenses by classes such as attorneys, areas of law, departments, and locations.
Law
Every law firm needs two offices working in conjunction- Front office with the intelligent hard-working lawyer(s) generating billable hours, and a back-office providing support services. As the back office, the three areas we provide exceptional value to our law clients are:
1. Compliance
Most attorneys are well aware of the importance of managing trust account properly, but most don’t have time and motivation to perform adequate accounting procedures. With Kauffman|Kim, LLP, you will have the assurance that your trust accounts will be accounted for properly and 3-way reconciliation reports will be constructed in a timely manner. Every state REQUIRES 3-way reconciliation reports in specific intervals and there are extremely serious consequences for violating them.
2. Time-Saving
US lawyers spend only approximately 30% of workdays on billable hours. From bookkeeping, bank reconciliation, payroll, accounts payable (paying bills), to generating/sending bills, we handle all back-office duties so you can solely focus on growing your business. Leave your back office to us because every minute spent on accounting is time not spend on things that matter the most.
3. Profitability Assessment
Kauffman|Kim, LLP generates management reports to analyze profitability and efficiency with you. Addition to traditional profit & loss statement, we provide class-based reporting, which allows you to categorize income and expenses by classes such as attorneys, areas of law, departments, and locations.
Contractors
Extensive hours, tiresome labor, unreliable contractors, and demanding clients are what exhausts most contractors. Because of the everyday struggles, most contractors are extremely behind in sending out bills and fail to accomplish the most important part of the job- GETTING PAID. We draft every bill and with your approval, we send them directly to the clients. Additionally, we work with our affiliated law partner to fully utilize the legal tools to make sure you are getting paid from other contractors and clients.
On the project management side, we deliver value to contractors by proactively identifying opportunities and avoiding potential issues. By analyzing each project with accurate allocation and job cost accounting, we pinpoint profitable projects to help you grow your business.
Contact Kauffman|Kim, LLP today to learn more about our services for contractors.
Contractors
Extensive hours, tiresome labor, unreliable contractors, and demanding clients are what exhausts most contractors. Because of the everyday struggles, most contractors are extremely behind in sending out bills and fail to accomplish the most important part of the job- GETTING PAID. We draft every bill and with your approval, we send them directly to the clients. Additionally, we work with our affiliated law partner to fully utilize the legal tools to make sure you are getting paid from other contractors and clients.
On the project management side, we deliver value to contractors by proactively identifying opportunities and avoiding potential issues. By analyzing each project with accurate allocation and job cost accounting, we pinpoint profitable projects to help you grow your business.
Contact Kauffman|Kim, LLP today to learn more about our services for contractors.
Restaurant
For restaurants, Kauffman|Kim, LLP combines traditional accounting with the latest industry-specific technology, which allows you to:
- Track your sales and prime costs DAILY
- Track your inventory to drill down any cost or count discrepancies
The restaurant industry is extremely fast-paced that timely accounting is gold for restaurant owners. With a cloud-based system, you can gain access to real-time data whenever and wherever you want. Not only do we provide traditional comparative analysis for trends, but we also generate restaurant-specific reports such as:
- Menu item analysis: Shows the profitability and popularity of each menu item
- Actual vs Theoretical: Shows the actual vs theoretical numbers in terms of both quantities and dollars of each inventory
With real-time data and in-depth analysis, you can make quick calculated business decisions to grow your business. The restaurant industry is devilishly competitive so contact Kauffman|Kim, LLP today to stay ahead of the curve.
Restaurant
For restaurants, Kauffman|Kim, LLP combines traditional accounting with the latest industry-specific technology, which allows you to:
- Track your sales and prime costs DAILY
- Track your inventory to drill down any cost or count discrepancies
The restaurant industry is extremely fast-paced that timely accounting is gold for restaurant owners. With a cloud-based system, you can gain access to real-time data whenever and wherever you want. Not only do we provide traditional comparative analysis for trends, but we also generate restaurant-specific reports such as:
- Menu item analysis: Shows the profitability and popularity of each menu item
- Actual vs Theoretical: Shows the actual vs theoretical numbers in terms of both quantities and dollars of each inventory
With real-time data and in-depth analysis, you can make quick calculated business decisions to grow your business. The restaurant industry is devilishly competitive so contact Kauffman|Kim, LLP today to stay ahead of the curve.
Professional Services
Professional services have to be detail-oriented because, without careful financial management, it can be difficult to track your numbers as rates may vary from one client to another. In order to successfully grow your business, you MUST consistently monitor profitability to seek opportunities and avoid risks. Kauffman|Kim, LLP will measure and analyze true profitability across clients, lines of business, employees, locations, and more. Numbers don’t lie, but they’re not always easy to understand. Let Kauffman|Kim, LLP explain their meaning
Professional service businesses we serve, but not limited to:
- Physician practices
- Consulting firms
- Dental practices
- Architectural firms
- Marketing and advertising firms
Professional Services
Professional services have to be detail-oriented because, without careful financial management, it can be difficult to track your numbers as rates may vary from one client to another. In order to successfully grow your business, you MUST consistently monitor profitability to seek opportunities and avoid risks. Kauffman|Kim, LLP will measure and analyze true profitability across clients, lines of business, employees, locations, and more. Numbers don’t lie, but they’re not always easy to understand. Let Kauffman|Kim, LLP explain their meaning
Professional service businesses we serve, but not limited to:
- Physician practices
- Consulting firms
- Dental practices
- Architectural firms
- Marketing and advertising firms
Real Estate
Kauffman|Kim, LLP understands the complexities of both residential and commercial real estate industries especially when it comes down to tax strategies and consequences. We understand real estate is about bringing attention to details and that starts with organizing your books. Our affordable full-service bookkeeping/accounting service enables real estate professionals to maintain clean books which enable your business to run more efficiently.
Real estate professionals we serve, but not limited to:
- Real estate agents
- House flippers
- Real estate manager
- Investors
- Developer
Real Estate
Kauffman|Kim, LLP understands the complexities of both residential and commercial real estate industries especially when it comes down to tax strategies and consequences. We understand real estate is about bringing attention to details and that starts with organizing your books. Our affordable full-service bookkeeping/accounting service enables real estate professionals to maintain clean books which enable your business to run more efficiently.
Real estate professionals we serve, but not limited to:
- Real estate agents
- House flippers
- Real estate manager
- Investors
- Developer
Retail
Retailers need accountants to keep their expenses and revenue balanced throughout the year. At Kauffman|Kim, LLP, we genuinely recognize that accounting for retail business is full of complexities involving a high volume of transactions. We will continually keep an eye on your expenditures for you and also provide you detailed reports that enable you to clearly monitor your business.
With a large number of transactions per day, business owners can easily feel overwhelmed with required reports to local, state, and IRS. We make sure all reportings are done accurately and timely so no hard-earned money is wasted towards unnecessary interest and penalty. Contact Kauffman|Kim, LLP today so you can finally have a peace of mind and focus on the business.
Retail
Retail businesses need accountants to keep their expenses and revenue balanced throughout the year. At Kauffman|Kim, LLP, we genuinely recognize that accounting for retail business is full of complexities involving a high volume of transactions. We will continually keep an eye on your expenditures for you and also provide you detailed reports that enable you to clearly monitor your business.
With a large number of transactions per day, business owners can easily feel overwhelmed with required reports to local, state, and IRS. We make sure all reportings are done accurately and timely so no hard-earned money is wasted towards unnecessary interest and penalty. Contact Kauffman|Kim, LLP today so you can finally have a peace of mind and focus on the business.
