Small Business Accounting
Let us handle your books, so you can focus on growing your business
Bank Reconciliation
Monthly reconciliation of your business checking account helps us keep your bank account, accounting, and taxes current.
Opting for our monthly account reconciliation service provides you with the following advantages:
- Recognize misplaced checks, lost deposits, and unauthorized wire transactions.
- Uncover and avert unnecessary bank charges, ensuring accurate transaction postings by your bank.
- Safeguard against and prevent the misappropriation of funds within your company.
- Gain insights into your business’s performance—comprehensive account reconciliation is essential for accurate financial statement reporting.
Prepare an Income Statement
An income statement, also referred to as a profit and loss statement, essentially compiles a detailed list of your revenues and deducts a detailed list of your expenses to calculate the profit or loss for the specified period.
An income statement enables you to:
- Monitor revenues and expenses to assess the operational performance of your business.
- Identify over-budget or under-budget areas within your business.
- Recognize specific items leading to unexpected expenditures, such as phone, fax, mail, or supply expenses.
- Monitor significant increases in product returns or the cost of goods sold as a percentage of sales.
- Determine your income tax liability.
We'll handle these for you:
- Bank account reconciliation
- Prepare an income statement
- Prepare a balance sheet
- Streamline your general ledger
These tasks establish a strong foundation for your small business accounting system. You can personalize the services you receive by incorporating payroll, tax planning, tax preparation, or any of our additional services.
Prepare a Balance Sheet
A balance sheet provides a snapshot of your business’s financial condition at a specific moment in time.
A balance sheet aids you in:
- quickly assess the financial strength and capabilities of your business
- identify and analyze trends, particularly in receivables and payables. For example, if your receivables cycle is lengthening, consider collecting them more aggressively.
- assess if your business is positioned for expansion
- evaluate if your business can smoothly manage the typical financial fluctuations in revenues and expenses
- assess if immediate steps are needed to strengthen cash reserves
- evaluate if your business has been delaying payables to prevent an imminent cash shortage
Bid farewell to missed deadlines for good.
As your trusted advisor, we ensure your tax obligations are met, avoiding penalties and preserving your profitability.
Experienced Tax and Accounting Specialists You Can Rely On.
Discover the ways our team of seasoned tax and accounting professionals can contribute to the success of your small business by calling us today.