As the owner of your business, there are more important tasks for you to do than your bookkeeping. Let us prepare your books for you so you can work on the more profitable aspects of your business.

We will do the following things on a monthly basis

• Bank Account Reconciliation
• Generate an income statement 
• Generate a balance sheet
• 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, tax preparation, or any of our other services.

Bank Account Reconciliation

Properly Reconciling each business checking account monthly allows us to monitor your accounting, tax situation, and bank accounts.

Letting us reconcile your bank accounts monthly allows you to...

• Identify missing checks and deposits.
• Monitor Bank Charges for unauthorized fees or charges
• Identify theft or suspicious activity.
• Effectively manage your cash flow. Cash flow management can make or break your business
• Stay protected from unauthorized parties accessing your bank accounts by keeping a better eye on the transactions that are occurring within the account.

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.

An income statement allows you to...

• Track revenues and expenses so that you can determine the operating performance of your business.
• Determine what areas of your business are over-budget or under-budget.
• Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
• Determine your income tax liability.

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:

• 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.

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.

If you'd like to receive a free consultation on our Small Business Accounting Service, please complete this form.