As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits! As a licensed CPA firm and experienced business accountants, we will provide you with unmatched knowledge and assistance in all areas of accounting and consulting.
Each month or quarter we can provide the following:
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Bank Reconciliation
Reconciling your business
checking account each month allow us to keep your bank account, accounting, and
taxes up-to-date.
-
Identify lost checks, lost deposits and unauthorized
wire transactions.
-
Detect and prevent excess/unjustified bank charges
and ensures transactions are posted correctly by your bank.
-
Detect and prevent embezzlement of funds from within
your company.
-
Know how your business is doing? You can't really
know unless all accounts are reconciled and properly accounted for on your
financial statement.
-
Manage your cash more effectively. Proper management
of funds not only saves money, it makes money for you. Protect yourself. By timely reconciling and
promptly objecting to your bank about any unauthorized, fraudulent or forged
checks presented to your bank and paid by that bank, you can relieve your
agency of responsibility for the shortfall and transfer the risk to the bank.
This reason to reconcile alone should be enough. Crime exists.
Income
Statement
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.
Balance Sheet
A balance sheet gives you
a snapshot of your business' financial condition at a specific moment in time.
-
Quickly get a handle on the financial strength and
capabilities of your business.
-
Identify and analyze trends, particularly in the area
of receivables and payables. For example, if your receivables cycle is
lengthening, maybe you can collect your receivables more aggressively
-
Determine if your business is in a position to
expand.
-
Determine if your business can easily handle the
normal financial ebbs and flows of revenues and expenses?
-
Determine if you need to take immediate steps to
bolster cash reserves?
-
Determine if your business has been slowing down
payables to forestall an inevitable cash shortage?
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.
Maintaining a Clean General Ledger
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 hunt down any discrepancies such as double billings or any
unrecorded payments. Then we'll fix the discrepancies so your books are always
accurate and kept in tip top shape.
|
