As a small business owner you may need assistance in setting up your financial software and maintaining your books. We can assist you and make recommendations regarding financial software. If you prefer not to maintain your own financial records we can assist you or refer you to a qualified bookkeeper.
Your accounting system should be accurate and informative in order to provide a solid foundation for your business. We will assist you in order for you to generate the reports that provide you with the information you need to monitor your business success. Accurate business financial records are imperative to assist with tax planning and projections.
We can tailor our services and consulting to your needs.
Listed below are some important processes and reports that provide information and are critical to accurate and informative financial reporting.
Reconciling your business checking account each month keeps your bank account, accounting, and taxes up-to-date.
The bank reconciliation can:.
An income statement, otherwise known as a profit and loss statement, itemizes your revenues and expenses and nets to your profit or loss for the period. It is important that your financial reporting system is set up with the appropriate categories to provide you with the information you need for current performance and future planning. We can assist you with setting up the financial reporting system that meets your needs.
An income statement allows you to...
A balance sheet gives you a snapshot of your business' assets at a specific moment in time. We can assist you to ensure you have appropriate asset and liability categories for your business model.
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 allows us to hunt down identify and correct discrepancies so that your financial records are accurate.