As a small business owner you have more important things to do than to worry about bookkeeping and accounting tasks. We can help you figure out the simplest way to keep your bookkeeping records so it won't take an unusually large amount of time. That will allow you more time to get back to the job of running your business and generating profits.
Each month or quarter we can do the following things for you...
These tasks form the solid foundation of your small business accounting system. In addition to these services, we can also provide payroll check preparation, payroll tax return preparation, sales tax return preparation, income tax planning, income tax preparation, or any of our other services.
Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.
Having us review your general ledger system each month allows us to monitor all general ledger accounts in order for us to help keep your overall accounting sytem in good shape. Reviewing your general ledger each month allows discrepancies to be identified and corrected so that financial statements can be relied upon.
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Please feel free to call us whenever you have a question or concern.
If you would like to have a free consultation regarding our small businss services, please call our office to set an appointment.