Small Business Accounting and Write-Up Services
As a small business owner your job is to run your business and generate a profit. Our job is to maintain and reconcile your books. We offer the following services on a monthly or quarterly basis:
Timely reconciliation of your business checking account not only ensures your bank account, accounting, and taxes are up-to-date, it will identify lost or stolen checks, undeposited funds or unauthorized activity. Proper cash management allows you to make the right decisions for your business.
A Balance Sheet measures the financial condition of your business at a specific moment in time.
A Balance Sheet maps out the financial strengths and weaknesses of your business. It is the tool that determines if your business will be in a position to expand when the opportunity presents itself.
An Income Statement, also known as a Profit and Loss Statement, itemizes the revenues and expenses of the business to determine a profit or loss for a specific period . It is the benchmark for knowing how your business is performing.
Together, the Balance Sheet and Income Statement provide the most basic and most important financial information required to manage an organization and are requirements of potential lenders such as banks, investors, and vendors when considering credit limits.
General Ledger Maintenance
The general ledger tracks the details of every transaction affecting the business, from the assets it holds and debts it owes, as well as the bottom line. This is the heart of a company’s financial records. Proper maintenance of the general ledger and ensuring proper classification allows us to pinpoint inaccuracies. We will review all postings to ensure your general ledger is always accurate and up to date.
Please feel free to contact us with any questions or concerns.
Ask us how we can customize a service package to include payroll and/or sales tax reporting, tax planning and preparation, or any other service to fit your needs.