Insightful Accounting

One of the services I provide to self storage owners is accounting services, but I don’t do self storage accounting like the average bookkeeper does it. I provide self storage owners with “Insightful Accounting." When I provide accounting services, I don’t simply reconcile the bank account and check the job off my list. I am putting myself in your shoes while I look at your numbers. I want you to think of me as a trusted person on your team, someone to help get your business where you want it to go. Learn more about "Insightful Accounting" here.

When I tell people that I am a CPA, their first thoughts are usually “taxes” and “boring.” They are surprised when I start talking about what I really do, that I focus on the day-to-day operations of the self storage industry.  I explain that I aim to make self storage owners more money, and allow for them to have freedom from their businesses. Then, they are interested.

One of the services I provide to self storage owners is accounting services, but I don’t do self storage accounting like the average bookkeeper does it. I provide self storage owners with “Insightful Accounting.” What’s the difference?

Here's what normal bookkeeping looks like: 

  • Pay bills, write checks, submit for signature, mails check
  • Codes transactions into accounting system
  • Gives owners report at end of month

Here’s what “Insightful Accounting Services” from Magen Smith, "Self Storage CPA" looks like:

  • Daily Deposits Report – Checks that all money was deposited into your bank account
  • Merchandise Summary – Includes total inventory on financials
  • Notated financial statements – Includes explanations of any expenses that are higher than normal to make reviewing financials easier
    Incorporation of management information on financials – Include move-ins, move-outs, accounts receivable, prepaid rent, and total deposits on income statement to give you a snapshot of your facility
  • Matching receipts to credit card – Every charge on your credit card will be checked for a receipt
  • Full audit trail on bills paid – A cloud-based, fully transparent system is used to pay your bills so that each bill has a full audit trail built in. You can also see an image of any check cashed in case of vendor questions.
  • Adjustment of bank loans each month
  • Recording of depreciation each month
  • Adjustment of payroll information each month

Owners love that “Insightful Accounting Services” provide:

  • Expense monitoring to help you keep expenses as low as possible.
  • Budgets and custom reports to help you make decisions. I love to create custom reports so that you understand your numbers as easily as possible.
  • Having someone on your team who is constantly thinking and caring about your facility and how to improve it.

As the “Self Storage CPA”, I have the experience of looking inside multiple facilities across the country, so I bring new ideas and resources into your company to help you improve and grow. When I provide accounting services, I don’t simply reconcile the bank account and check the job off my list. I am putting myself in your shoes while I look at your numbers. I want you to think of me as a trusted person on your team, someone to help get your business where you want it to go.

If your self storage business could benefit from some Insightful Accounting Services, let’s talk.

Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.