Teewa Akers, CEOIn business, growth is key. The firm helps businesses assess their financial and overall risks along with the barriers to entering international markets and generate maximum returns on every dollar invested. This process involves cultivating a deep understanding of the fiscal dynamics and financial goals to help business owners and stakeholders understand the financial health of their company or organization.
“Imparting financial literacy among clients helps them better judge the feasibility of their goals and devise strategic roadmaps for successful realization,” says Teewa Akers, CEO. “A proper evaluation of present and past growth of business is fundamental to building these financial models.”
The Bookkeepers MD serves a diverse range of clients, including medical and wellness offices, nonprofit organizations, service providers, government agencies, government contractors and municipalities.
Most business owners and stakeholders often find themselves in a perplexed position when expanding across borders. Gaining an understanding of foreign business standards and foreign currencies and maintaining sustainable partnerships are generally the main concerns regarding to barriers to entry. The Bookkeepers MD addresses these issues by assisting clients with navigating the complexities of exchange rates, generating enough discretionary income and international financial reporting requirements. The firm ensures that clients are positioned to adhere to regulations and financial reporting like the Foreign Bank Account Report (FBAR) for organizations holding international funds over $10,000 USD. The firm files an FBAR on their behalf after completing and reconciling both domestic and international business transactions. With over 15 years of experience in international accounting, their clients remain confident that The Bookkeepers MD will keep them in compliance and forecast for long-term growth and success.
Improved Outcomes with Well-Rounded Client Engagement
The success behind The Bookkeepers MD’s services can be attributed to a well-structured client engagement method that begins with a clarity call to gain a deep understanding of the business, accounting needs and financial goals. This discussion establishes if its services actually benefit them and sets the stage for a long-term partnership. Once both parties agree to proceed, the client’s financial landscape is thoroughly examined to determine which service, enhanced bookkeeping or CFO, will fulfill their needs.
CFO packages offer services that extend beyond basic recordkeeping to include strategic financial planning and focus on creating short- and long-term financial goals, typically spanning up to three years and extending to seven.
Behind its operations is a dedicated team of professionals committed to the growth and scalability of each client’s business. The Bookkeepers MD’s administrative team is the face of the company, helping clients navigate through the educational portal and providing essential support in day-to-day operations. Junior bookkeepers are responsible for managing financial tasks, including data entry, bank reconciliations and budget management. They address client inquiries and collaborate on grant management, ensuring customers’ financial data is accurate and up-to-date.
Imparting financial literacy among clients helps them better judge the feasibility of their goals and devise strategic roadmaps for successful realization. A proper evaluation of present and past growth of business is fundamental to building these financial models
The compliance team ensures all filings are completed promptly, maintaining a good standing between business owners and tax authorities. This proactive approach alleviates stress for those clients who are unaware of the necessary post-registration requirements like benefits administration and payroll management. It also prevents potential business disruptions.
Complete Transparency
A practicing accountant herself, Akers meets clients and attends to every accounting aspect; strategic planning, financial forecast or budget reviews. She creates forecasts and strategic plans for realizing client goals and determining financial health, while offering realistic insight into their finances.
For example, a client working at a prestigious international agency faced complex tax issues that demanded expert handling. The Bookkeepers MD helped her with the situation, forging a partnership that eventually led the client to seek Akers’ guidance a second time—to realize her vision of creating an international nonprofit organization.
The Bookkeepers MD played an instrumental role in registering the nonprofit and building a solid financial foundation. This enabled the client to fundraise and launch the international programming and accomplish the organization’s mission. Since its inception in 2018, the nonprofit organization has expanded its reach across the globe, offering educational services to aspiring entrepreneurs through international offices in the UK and India.
Complete transparency around a client’s financial records is emphasized. Akers even walks the extra mile by reserving an entire day to help clients understand the projection models and keeps them informed throughout the process.
“While other firms provide varying pieces of the accounting and financial puzzle, our aim is to educate our clients and understand their numbers,” says Akers.
The Bookkeepers MD’s virtual CFO services extend beyond the traditional to set financial targets and educate clients about accounting principles. It equips them with the projection models needed to make realistic plans for expanding their businesses overseas. The Bookkeepers MD stands out as a trusted partner for business owners seeking expert financial record management to reach new heights in their financial endeavors.
