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Smart System Bookkeeping LLC
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Our Staff
Mingalabar (a greeting in Burmese),
Nwe Win (Read as Nue Winn) is the founder of Smart System Bookkeeping LLC and a certified QuickBooks Online ProAdvisor. She speaks two languages: English and Burmese. She is a dedicated and passionate professional who is willing to work with business owners and individuals who need reliable bookkeeping and accounting assistance, including budgeting and financing reporting and financial analysis services. She has a solid background in accounting major, having earned a bachelor's degree in accounting from Yangon University of Economics, an associate's degree in accounting with honors from Allan Hancock College in California, and a postgraduate executive diploma in Business Accounting from the London Chamber of Commerce and Industry.
Continuous learning in accounting major and over a decade of experience preparing complete financial accounting reports in Myanmar, Singapore, and the United States, including eight years at an accounting firm in Singapore, have given her the confidence and passion to help other business owners with bookkeeping and accounting services. She believes that understanding your income statement, cash flow determinants, and overall financial position is vital for growing your business and that meticulous bookkeeping and accounting practices are fundamental for ensuring sustained long-term success in business endeavors.
In addition to her professional accomplishments, Nwe is a dedicated wife and mother. She married the love of her life and has been living with her loving family in Santa Barbara County on the Central Coast of California since 2016. She wholeheartedly embraces her roles as a supportive spouse and a nurturing parent. Her support and kindness extend to her family circle, her friends, and her community. Her goal is to sustain meaningful connections with her loved ones and help those in need.
At the top and bottom of the page, Nwe has included links to her Certified QuickBooks ProAdvisor profile (verified by Intuit), her LinkedIn profile (verified by CLEAR using a government-issued ID in the United States), and her business Facebook page.
What does bookkeeping entail?
Capture Every Transaction
- Accurately categorize your daily financial transactions, including sales, purchases, receipts, and payments. This will enable you to maintain up-to-date income and expenditure accounts, financial statements, and cash flow statements.
Monitoring accounts receivable (AR) and accounts payable (AP)
- AR reports evaluate the effectiveness of your collection efforts over time, and AP reports suggest efficient payment practices to ensure that a business maintains a healthy cash flow and financial stability.
Bank/Credit Card/Account Reconciliation
- To ensure accuracy, the reconciliation process matches transactions in your accounting records with those on the bank statement. Any discrepancies are identified, and necessary adjustments are made to reflect the correct balances.
Inventory Management
- Inventory control systems and reports can help businesses reduce holding costs, minimize losses due to obsolescence or spoilage, and prevent unnecessary capital tying up in excess inventory. They can also assist with determining safety stock levels and reorder points, performing physical inventory counts, and identifying discrepancies.
Payroll report
- The payroll report contains detailed information about employee compensation, including the hourly/salary rate for each employee, regular wages, overtime, bonuses, commissions, total earnings, deductions, federal, state, and local taxes withheld from employee paychecks, net pay, employer’s share of payroll taxes, employer’s contribution to employee benefits, and employer’s tax liabilities.
Financial reports (monthly, quarterly, or annually)
- Financial reports provide a comprehensive overview of a company’s financial performance and position. The reports typically include the Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity.
Contact us as soon as possible to discover its power and impact on your business success. Please remember that bookkeeping is an essential cornerstone for the expansion and prosperity of any business.
Our Services
Our proficient utilization of QuickBooks accounting software enables us to provide comprehensive and high-quality services, which include:
1. Setting up your accounting software
- Selecting the most suitable subscription that aligns with your business volume and maximizes your potential
2. Recording transactions
- Tracking daily financial transactions, including sales, purchases, receipts, and payments, and posting required journal entries
3. Expense tracking
- Maintaining detailed records of all business expenses and categorizing expenses for budgeting and tax purposes
4. Bank reconciliation
- Comparing the company's financial records with bank/credit card statements to ensure consistency and accuracy
5. Accounts receivable
- Issuing invoices to customers, recording payment receipts, and tracking and ensuring timely income collections
6. Accounts payable
- Recording and managing payments to suppliers and vendors and processing and paying invoices for goods and services provided
7. Financial Reporting
- Preparing basic financial statements such as the balance sheet, income statement, and cash flow statement
- Generating management reports to provide insights into the business's financial performance
8. Payroll processing
- Ensuring accurate calculation and processing of employee wages and salaries, including deductions for taxes, benefits, and other withholdings
9. Inventory management
- Recording inventory purchases and sales and tracking inventory levels
10. Budgeting and forecasting
- Assisting in the development of budgets and financial forecasts to facilitate strategic business planning
11. Assisting in Tax Preparation
- Assisting tax professionals to ensure compliance with tax regulations and gathering and organizing financial data necessary for tax filing
12. Clean-up bookkeeping
- Reviewing and rectifying a business’s financial records to ensure they are accurate, consistent, and complete
13. QuickBooks Support
- Guiding to enhance our client's understanding of the use of accounting software and its tools
Our Procedure and Process
1. Email or call us today to schedule your FREE initial consultation for your bookkeeping needs.
2. Provide us with the information needed to access your business requirements.
3. After assessing your needs, we will send you a price quote and payment plan for your confirmation.
4. Upon confirmation, sign the engagement letter.
5. Finally, let us take pride in being the bookkeeper for your business!
Our approach
At Smart System Bookkeeping, we operate REMOTELY. We customize each client engagement to meet your unique needs and deliver tailored solutions that yield results. This allows you to concentrate on your core business activities while we handle the organization and monitoring of your financial transactions.
In addition, we assist in monitoring historical data and forecasts to help you plan your budget and ensure that your accounts are kept up to date for your peace of mind when it's time to work with your tax professional for tax planning and annual tax filing.
Our approach is collaborative, responsive, and centered on delivering value to our clients.
