Who Invented What? Who Expensed This?
Those are important questions that most partners just can’t remember. Keep partners on the same page and get a better sense of who is owed what with help from Envolta. Setting up systems to track who is putting the money in is the best way to keep partnerships strong.
What About The Cash & Assets?
When you enter into a partnership one of the most difficult accounting choices is what to do with initial investments. Without a proper plan you can run into unforeseen problems in the future. Envolta helps partnerships by aligning the goals of the business with smart accounting and bookkeeping practices.
Solve Disputes Objectively With Accurate Financial Reporting.
Keep your business and relationships running smoothly with a solid tax plan as part of your accounting system. Envolta has experts who are ready to advise and consult so that you and your partners are on the same page. Keeping the relationship smooth helps keep the business smooth.
Would You Risk Your House For Your Partner?
Like anything in life, there are advantages and disadvantages when forming a partnership. Two heads are better than one but with a partnership comes unlimited liability which means you are personally responsible for the debts of the business. Trust comes with having a solid understanding of the financial health of your business and Envolta gives exactly that.
Have You Used A Napkin To Explain Your Numbers?
Would you like to expand your business and one day include new partners? You need to be able to clearly demonstrate the value you offer through financial reporting. Envolta provides accounting records that can be accessed at anytime so you can clearly demonstrate your value and worth to potential investors.
Statements, Equity, & Balances.
Envolta will provide the financial statements to your partnership to know exactly what is on the bottom line. Accurately knowing your financial numbers is the best way to ensure partnerships remain intact and your business succeeds.
More Complicated Than A Marriage.
We say that because we’ve seen first hand the negative effect bad accounting practices have on partnerships. It gets messy. Working with Envolta means each partner knows exactly what they put in, and what they’ll take out.
We’re The Relationship Specialists.
Your exit strategy should make you money. Avoid messy breakups by automating your accounting and bookkeeping practices with Envolta. Call us today!