As a small business owner you have many important things to do. We can maintain your accounting records for you, so you can focus on running your business and generating profits.
We can provide the following services on a monthly, quarterly, annual or as needed basis:
These tasks are the foundation of your small business accounting system. You can customize the services you receive by adding payroll, tax planning, tax preparation, or any of our other services that meet the needs of your business.
Reconciling your bank accounts each month keeps your records up-to-date and gives you an accurate understanding of cash available for your business. Having us reconcile your account each month allows you to:
An income statement, also referred to as a profit and loss statement, is essentially an itemized list of revenues and expenses that calculates the profit or loss of your business for the period. By reviewing your income statement regularly, you can:
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet allows you too:
Preparing an accurate balance sheet and income statement will allow you to provide necessary financial information to potential lenders, investors, and/or vendors.
A general ledger is a detailed list of transactions that is the basis of your company's financial records. Every transaction of a small business is recorded in the general ledger. An error in your general ledger will affect any report created from it, including the income statement and balance sheet. A proper review your general ledger on a periodic basis allows us to locate and correct errors and ensure accurate financial reporting.