SMALL BUSINESS ACCOUNTING

As a small business owner you have more important things to do than keep your own books.  We take care of your books for you so you can get back to running your business and generating profits.  Every month or every quarter we will reconcile your bank accounts, clean up your general ledger and generate an income statement and balance sheet.  These tasks are necessary in order to maintain proper record keeping for tax time and to monitor cash flow.  We will customize an accounting package that's right for your budget and your business needs.

Bank Reconciliation

Reconciling your business bank accounts every month will minimize year end tasks and allow you to (1) Identify lost checks, debit transactions and unrecorded deposits & wire transfers (2) Detect unauthorized checks, disbursements and improper recording of transactions (3) Manage business cash flow, expenses and plan for improvements and (4) Monitor how your business is doing.  Timely reconciled accounts assures that business transactions are properly accounted for on your financial statements and provides a meaningful management tool.

General Ledger 

The general ledger is the core of your company's financial records.  All of your business transactions flows through the general ledger.  If there are problems in the general ledger, these problems will affect all of your books and financial reports.  Every month we will review your general ledger to identify problems such as duplicate billings, unrecorded transactions and incorrect account postings.  We will correct all problems so your books and financial reports are accurate.

Income Statement

An income statement is an itemized list of your business revenue and expenses that will net to a profit or loss for the period.  The income statement provides a snapshot of how your business is performing and allows you to (1) Identify large expense categories (2) Monitor expenses that are over/under budget estimates and (3) Estimate your tax liability.

Balance Sheet

The balance sheet shows the financial strength of your business for a specific time period.  The balance sheet summarizes your assets, liabilities & owners' equity and allows you to (1) Identify cash flow problems (2) Monitor business receivables, payables and long term debt and (3) Plan for business expansion.