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Behind the Scenes at Cornerstone Business Solutions

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Our emphasis on AI-driven accounting and automation ensures accurate record-keeping and scalability, allowing us to meet the growing needs of our clients efficiently.

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Dedicated to Making sure your business Gets the Start is Deserves to Win!

New Business

We also provide packages tailored to specific needs, such as the New Business Accounting Basic Setup Package for $2500, which includes business formation assistance, chart of accounts setup and initial financial statement preparation.

Audit Services

Additionally we offer an audit support package, designed to prepare businesses for audits, liaise with auditors and ensure all necessary documentation and processes are in place, with the cost to be determined based on individual needs.

Cornerstone Business Solutions
AI Services’ Packages

Our tiered strategy allows Cornerstone Business Solutions LLC to provide tailored solutions that match the financial and operational growth stages of small businesses while preparing our clients for scaling as needed.

Tier 1: Foundation Package

Target Audience: Micro-businesses or new startups with straightforward financial operations.
Designed for small businesses or startups looking to establish a solid financial foundation;
Services Included:

Automated Basic Bookkeeping:

  • AI can handle repetitive tasks such as data entry (AR) 3 Templates & (AP) 5 Templates reducing human error and freeing up time for more strategic tasks. It ensures data accuracy and provides real-time insights directly from your banking system.
  • Implementation:
    • CBS uses AI-powered software like QuickBooks Online or Xero, which offer integration capabilities with banking and other financial platforms.
  • Considerations:
    • Ensure data security and privacy compliance
    • Provide training to our clients on how to use the software effectively

Basic Management Services Estimated Cost:

  • Averages between $499 – $999 per month depending on Chart of Accounts
    • Assets (Up to 5) less than $1 million
    • Revenue types (2-3) less than $1 million
    • Expense (5-10) less than $1million

Tier 2: Growth Package

Target Audience: Small businesses that meet SBA small
business size guidelines & standards, needing enhanced financial management.
Ideal for small businesses experiencing growth and requiring more comprehensive financial oversight: Services include all Tier 1 “Foundation Package” plus:

AP- Expense Management

  • Automating expense management streamlines approval workflows, reduces processing time, and enhances policy compliance. It also provides visibility into spending patterns.
  • Implementation:
    • Use solutions like Expensify or Receipt Bank to automate receipt capture and expense tracking.
  • Considerations:
    • Offer a mobile-friendly solution to allow employees to capture and submit expenses on the go

Financial Reporting

  • Includes basic monthly Income & Profit Statement, Balance Sheet & Cash Flows Statements. This helps businesses make informed decisions and optimize financial performance.
  • Implementation:
    • CBS uses AI-powered software like QuickBooks Online or Xero, which offer integration capabilities with banking and other financial platforms.
  • Considerations
    • Canned reports to meet general client needs and offerconsultations to help interpret the data.

Standard Expense Management

  • Averages $1000 – $1499 per month depending on Chart of Accounts
    • Assets/Depreciation (Up to 10) less than $5 million
    • Revenue types (5-7) less than $5 million
    • Expense (5-10) less than $5 million

Tier 3: Pinnacle Package

Tailored for established small to medium-sized businesses aiming for strategic financial planning, analysis and growth at the upper limit of SBA small business size standards:
Services include all Tier 2 “Growth Package” plus:

AR – Invoice Processing and Management

  • AI can automate invoice creation, delivery, and tracking, reducing delays in payments and improving cash flow management. It also minimizes manual intervention and errors.
  • Implementation
    • Platforms like Bill.com or FreshBooks can handle invoicing and integrate with other financial systems.
  • Considerations:
    • Ensure seamless integration with existing accounting systems and provide user support for setup and troubleshooting.

Financial Analysis & Reporting

  • AI can analyze large datasets to provide actionable insights, identify patterns, and predict future trends. This helps businesses make informed decisions and optimize financial performance.

Customized Reporting

  • Customize reports to meet specific client needs and offer consultations to help interpret the data.
  • Implementation:
    • Tools like Fathom or Spotlight Reporting can be used to create customized dashboards and reports.
  • Considerations
    • Offer a mobile-friendly solution to allow employees to capture an submit expenses on the go.

Premium Expense Management

  • Dedicated Account Manager
  • Automating expense management streamlines approval workflows, reduces processing time, and enhances policy compliance. It also provides visibility into spending patterns.
  • Averages $1000 – $1499 per month depending on Chart of Accounts
    • Assets/Depreciation (Up to 20) less than $20 million
    • Revenue types (5-7) less than $20 million
    • Expense (5-10) less than $20 million

Value-Added Services: Include consultations, training sessions, or additional reporting features as part of higher-tier packages.

Want to work with us? Let’s discuss how we can support your business.

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