As a small business owner you have more important things to do than to work on your own accounting. We take care of your accounting for you, so you can get back to what you do best and focus on generating revenue.
Each month or quarter we'll complete the following accounting procedures:
- Enter all cash transactions into your accounting system
- Reconcile your bank and credit card accounts
- Generate an income statement
- Generate a balance sheet
- Make the proper month end close journal entries
- Provide financial statement review, analysis and consultations
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 will allow us to keep your bank account, accounting, and taxes up-to-date.
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.
Maintaining a Clean Set of Accounting Records: 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 accounting system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. We will bring these discrepancies to your attention so your books are always accurate and kept in tip top shape.
Unlimited Consultations:We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern!