March 26, 2018
Not everyone is good at everything. This is also true for businesses. For many small to medium-sized businesses and start-ups, keeping their books is not always easy. That’s where Norwalk-based Mercury Business Associates comes in. They provide bookkeeping and financial analysis services for companies that don’t have the bandwidth or expertise.
President Michele Johnson says that good matches for Mercury are companies that don’t need a full-time bookkeeping or accounting program. Mercury can provide monthly bookkeeping, including billings and invoicing, reconciling credit cards, bank statements, reporting sales/use taxes. Their customers use them for as little as 2 hours a month to as much as 20 hours a week, depending on the clients’ needs.
“We are especially useful for LLC’s and new businesses,” says Johnson. “So often we see start-up businesses that think they can do it all. But they don’t always have the staff to do all the back-office tasks – marketing, website, financials. They are too busy doing their core work. We believe that the world is full of smart, competent people who can fulfill these duties, so why not let the professionals handle them so the company can focus on what it does best.”
While Johnson has her own business now, she used to be a “corporate person”. With a B.S. in Accounting and an MBA, she worked in Detroit in corporate finance for Chrysler for 6 years and then became the GM of a Metro Dodge Dealership for 7 more years. After a move oversees to Berlin, Germany where she did not work, she returned itching to get back into the work world. She started with her first bookkeeping client in 2005 and grew Mercury Business Associates from there. Mercury now employs up to 7 other people.
Most of Mercury’s clients are from the Fairfield County area, but over the years as businesses have moved out of the area, they have retained Mercury. “Geography really doesn’t matter. As long as we have online access, we can do the work,” says Johnson. Most of Mercury’s clients come from referrals, either from existing clients or from CPA’s who Mercury has dealings with for clients.
“For many companies, retaining Mercury almost pays for itself,” says Johnson. “Keeping good books is essential for cost-savings. We count everything, make you think through your expenses, reducing your bottom line and saving you money.”
If you’re looking to organize your company’s finances, Johnson’s book, “Building A Stellar Business: A Structured Guide To Financial Success” is a great primer for anyone seeking to understand financials, says Johnston. Or, you can call Mercury Business Associates and get professional help. To read more about the company visit mercury-biz.com or call (203) 857-1111.