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Bookkeeping & Accounting 
 
 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 the job of running your business and generating profits! We offer On Site and Remote support.

 For a Free Consulting or more information, please click here and we will  contact you.

 

 
 

 

 

 

Bookkeeping frequently


 

·         Monthly: Monthly bookkeeping is the best option for business owners who want an accurate and up-to-date picture of the financial performance of their business. This service provides you, as the business owner, with accurate information on where your money is spent, and what the exact cash position is on a monthly basis. Knowing this in turn helps you avoid unnecessary mistakes such as overdrawing on your account, but more

·         Quarterly: Choose this quarterly (every three months) option if you feel you don't need to track your business expenses and revenues on a monthly basis, but would like to get a good idea of the financial performance for your business on a relatively regular basis. This option is also recommended, at a minimum, for small businesses that are required to file any of the many regulatory taxes on a quarterly basis, such as payroll taxes.

·         Annual Catch-Up: This year-end option applies primarily for newly formed companies as well as "shoe box" clientele, who have not performed any bookkeeping through the year and need us to "catch-up" on their books. Select this option also if you need a "sanity check" of your financials that either you or someone else has prepared, mainly for tax filing purposes. We offer steeply discounted catch-up fees if you sign-up for our monthly or quarterly service.

 

Bank and Credit Card Reconciliation


 
Reconciling your business checking account and your Credit Card each month allow 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 transactions. 

  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank. 

  • Detect and prevent embezzlement of funds from within your company. 

  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement. 

  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you. 

  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists. 

  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

 

 

Income Statement (P&L Statements)


 

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. 

      

 

 

 

Other Solutions


- Trial Balance, Adjustments, Trial Balance Adjusted

 For a Free Consultation or more information, please click here and we will  contact you.

 

- Closing Periods (Monthly, Annual)

- Accounting System Setup

- Chart of Account Setup