Small Business Accounting: where did it go?

As a small business owner your most important management tool is accurate and up to date books, yet many small businesses’ bookkeeping is nowhere near correct much less up to date. I’m sure that your computer operating system is up to date, why not your books?

Having an accounting trained and licensed CPA firm prepare your books ensures that they are accurate, up to date and properly set up to give you the best results on the tax return.

Each month or quarter we'll do the following things for you...

Having these actions done regularly will give you the tools necessary to effectively manage your business not just guess and hope for the best. The resulting books will allow you to get effective help from your CPA when you actually need it!

 
Bank Reconciliation

Reconciling your business checking account each month not only keeps you informed on your cash available it also will help detect errors in your deposits and checks, whether yours or the banks.

 
Income Statement

An income statement, otherwise known as a profit and loss statement, shows you where it’s going!  This statement will tell you if your marketing is working, if you are spending too much on any one category of expenses but most importantly it is the guide needed to expand your business. 

This report done accurately will ensure that you get the most accurate tax return possible because it will properly categorize the expenses and it will allow proper tax planning throughout the year because it is accurate and up to date.

 
Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific point in time. 

Balance sheets, along with income statements, are the most basic reports used to provide financial data 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 brains of your company's financial records. The more complete and accurate these records are the saner your business’ financial decisions can be.

Having us review your general ledger each month allows us to hunt down any discrepancies and fix them so your books are always accurate and usable as a true management tool.

 
Consultations

We are always working to ensure you fully understand how to utilize the financial information we provide. You can call us with any questions you have. 

If you'd like to receive a free consultation on our Small Business Accounting Service, please complete this form.

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