Accounting & Bookkeeping

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 running your business and generating profits. 

Each month or quarter we will do the following things for you:

• Reconcile your bank accounts
  
• Generate a Balance Sheet
  
• Generate an Income Statement
  
• Review and clean up your general ledger
  
• Provide unlimited 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, preparation, and 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.

Having us reconcile you account each month allows you to:

• Know the balance in your checking accounting
  
• Manage your cash more effectively
  
• Identify lost checks and deposits
  
• May detect and prevent embezzlement of funds from within you company
  
• Ensure transactions are posted correctly by your bank.
  

Balance Sheet

A balance sheet gives you a snapshot of your business financial condition at a specific moment in time.

A balance sheet helps you identify:

• The company’s asset
  
• The company’s liabilities
  
• The equity in the company
  

Income Statement

An income statement sometimes referred to as a profit and loss statement list the sales and subtracts an itemized list of expenses to derive at a profit or loss for a specific period.

An income statement allows you to:

• Track revenue and expenses so that you can determine the operating performance of your business
  
• Determine your gross margin
  
• Determine what areas of your business are over budget or under budget
  
• Determine your income tax liability
  

General Ledger

The general ledger is the core of your company’s financial records.  These records are the essence of your “books” of your system.  Every transaction of the business flows through the general ledger.  If your general ledger is off, your balance sheet and or income statement is off.

A proper review of your general ledger will help ensure the proper coding of the transactions.  This will help us find unrecorded payments or double billings.

Consultation

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide.  For our clients a flat monthly fee system it is already included in your fee, so please feel free to call us whenever you have a question or concern.