Community Highlights: Meet Jessi Bloom of Bloomwell Business Solutions

Today we’d like to introduce you to Jessi Bloom

Jessi, we appreciate you taking the time to share your story with us today. Where does your story begin?
Hello there! I’m Jessi Bloom, and my journey from the character-filled streets of Orlando to the serene community of Fuquay Varina has been quite the adventure. Empowered by a degree in Business Administration and a minor in Interpersonal Communications from UCF, my passion for business management runs deep. With nine years of hands-on experience in bookkeeping, I began my career at a local Catholic Church before taking the leap into entrepreneurship. In August of 2021, I proudly established Bloomwell Business Solutions, driven by my unwavering dedication to supporting small businesses. Known for my meticulous attention to detail, I thrive on unraveling the complexities of the financial world for business owners. My mission isn’t just about balancing the books; it’s about fostering growth and empowering entrepreneurs to succeed in a competitive market.

Would you say it’s been a smooth road, and if not what are some of the biggest challenges you’ve faced along the way?
The path from employee to entreprenuer has been surprisingly smooth. I think I always wanted to work for myself, and at some point I realized I had the skills to step out on my own. I thrive under pressure, and I have to remind myself of that every tax season as I push through for my clients.

Thanks – so what else should our readers know about Bloomwell Business Solutions?
At Bloomwell Business Solutions, we’re more than just a bookkeeping agency – we’re your dedicated financial partners, committed to helping small to medium-sized businesses thrive. Our comprehensive suite of services covers every aspect of financial management to ensure our clients have the support they need to succeed.

First and foremost, we take care of categorizing daily transactions with precision and accuracy. Whether it’s sales, purchases, expenses, or payments, we ensure that every transaction is properly recorded, providing our clients with a clear and up-to-date picture of their financial health.

But we don’t stop there. We recognize the importance of tax compliance and optimization, which is why we partner with top-notch CPAs as a cohesive team. Together, we ensure that our clients’ taxes are filed accurately and on time, maximizing deductions and minimizing liabilities to help them save money and stay on the right side of the law.

Accurate financial reporting is essential for informed decision-making, which is why we specialize in creating detailed and insightful financial reports. From income statements to cash flow projections, our reports offer valuable insights into our clients’ financial performance, empowering them to make strategic decisions with confidence.

Tracking key performance indicators (KPIs) is another crucial aspect of our services. By monitoring metrics such as profitability, liquidity, and efficiency, we help our clients identify trends, spot opportunities, and address challenges proactively, ensuring they stay on the path to success.

Communication is key to any successful partnership, which is why we prioritize maintaining excellent communication with our clients. From regular updates to prompt responses to inquiries, we’re always here to provide the support and guidance our clients need to navigate their financial journey with ease.

In addition to our core services, we also offer payroll administration to streamline one of the most time-consuming aspects of business management. From calculating wages to processing taxes and managing benefits, we handle it all, allowing our clients to focus on what they do best – running their business.

Last but not least, we provide advisory services to offer strategic guidance and support tailored to our clients’ unique needs and goals. Whether it’s budgeting, cash flow management, or long-term financial planning, our team of experts is here to provide the insight and expertise our clients need to achieve their business objectives.

In essence, Bloomwell Business Solutions is your one-stop shop for all your financial needs. From day-to-day bookkeeping to tax optimization, financial reporting, payroll administration, and strategic advisory services, we’re here to support you every step of the way on your journey to success.

What sort of changes are you expecting over the next 5-10 years?
Over the next 5-10 years, the bookkeeping industry is likely to undergo several significant shifts and trends as technology continues to evolve and businesses adapt to changing economic landscapes. Here are some key changes and trends that may shape the future of the bookkeeping industry:

Increased Automation: The rise of artificial intelligence (AI) and machine learning technologies will continue to automate many routine bookkeeping tasks, such as data entry and transaction categorization. This automation will free up bookkeepers to focus on higher-level tasks like analysis and strategic financial planning.

Cloud-Based Solutions: Cloud-based accounting software will become even more prevalent, allowing bookkeepers and their clients to access financial data anytime, anywhere. This trend will enable greater collaboration and real-time reporting, leading to more informed decision-making.

Focus on Advisory Services: As automation takes over more routine tasks, bookkeepers will increasingly position themselves as strategic advisors to their clients. This shift will involve providing insights and recommendations based on financial data analysis, helping businesses optimize performance and achieve their goals.

Integration of FinTech Tools: Bookkeepers will leverage a wide range of financial technology (FinTech) tools to streamline processes and enhance efficiency. This may include tools for invoicing, expense tracking, payroll management, and more, all seamlessly integrated with accounting software platforms.

Emphasis on Cybersecurity: With the increasing digitization of financial data, cybersecurity will become a top priority for bookkeeping firms and their clients. Investing in robust cybersecurity measures will be essential to protect sensitive financial information from cyber threats and data breaches.

Remote Work and Virtual Collaboration: The COVID-19 pandemic has accelerated the trend towards remote work, and this shift is likely to continue in the bookkeeping industry. Virtual collaboration tools will play a vital role in enabling remote work, allowing bookkeepers to communicate with clients and colleagues effectively from anywhere in the world.

Specialization and Niche Services: As businesses become more complex and specialized, there will be a growing demand for bookkeepers with expertise in specific industries or niche areas. Bookkeeping firms may specialize in serving particular sectors, such as healthcare, e-commerce, or professional services, offering tailored solutions to meet the unique needs of their clients.

Overall, the future of the bookkeeping industry is likely to be characterized by greater automation, enhanced collaboration, and a shift towards strategic advisory services. By embracing these trends and adapting to technological advancements, bookkeepers can position themselves as indispensable partners in the success of their clients’ businesses.

Contact Info:

• Website: https://www.bloomwellsolutions.com