Small Business Accounting
Each month or quarter, we'll do the following things for you...
Reconciling your business checking account, each month allows us to keep your bank account, accounting, and taxes up to date. Having us reconcile your account each month allows you to identify lost checks, lost deposits, and unauthorized wire transfers.
An income statement, also known as a profit and loss statement, basically adds an itemized list of all your income and subtracts an itemized list of all your expenses to arrive at your profit or loss for the period. The income statement allows you to track revenues and expenses so that you can determine the operating performance of your business.
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. It can help you: Quickly grasp the financial strength and capabilities of your business Identify and analyze trends, especially in the areas of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
Maintaining a Clean General Ledger
The general ledger is the core of your company's financial records. These records form 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.
We are always available to spend time with you, so you fully understand how to interpret and use 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.