Formally established in 1987, Bancor Financial Services is the culmination of over 25 years of real life practice in providing outsourced CFO work and accounting service to small and medium size businesses. With its corporate offices in Pasadena, Bancor Financial Services alleviates the burden most small business owners feel by freeing them of the need to handle their accounting in house. “No longer are they spending nights and weekends at the office, writing checks and balancing checkbooks” says Bancor Financial Services CEO Douglas Huff, “They now have more time to focus on the issues they feel are important.” Clients can now focus on running their businesses rather than running an accounting department.
Without having to worry about entering bills, reconciling bank accounts, preparing payroll checks, calculating payroll and sales taxes, filing deadlines and determining what their customers owe them, they can focus on maintaining and developing client relationships, providing solid client service, landing that big client, marketing, networking or just going home early to play with the kids.
Bancor Financial Services utilizes innovative and cutting edge technology to provide complete outsourced accounting services. Utilizing QuickBooks™ accounting software, client’s can access their accounting data 24/7 via Bancor Financial Services secure web site. Their accounting data is updated daily by Bancor Financial Services experienced accountants. Bancor Financial Services CEO, Douglas Huff is a QuickBooks™ Certified Professional Advisor. All of the accountants are required to pass the same QuickBooks™ Certified Professional Advisor program. “This ensures that our accountants are skilled in all aspects of the program.” Says Douglas Huff.
Utilizing the Internet, client’s bills are received by Bancor Financial Services via their co-branded bill paying service. Accountants enter these bills on a daily basis. Bank accounts are reconciled daily via the client’s online banking. Client’s prepare invoices over the Internet in their QuickBooks™ file, and have the option of either printing the invoice locally on their printer, faxing or emailing it directly to their client. Since they are accessing their data file directly, via Bancor secure web site, there is no need to duplicate the data entry. When the client receives a payment on an open invoice they fax it to Bancor Financial Services via their own private 800 number. Bancor Financial Services receives the data in electronic format and customer accounts are updated. Weekly open bills reports are emailed to the client for approval before any payments are made. If a client needs to review a bill before they authorize payment, they can view an electronic image of the bill anytime.