As a small business owner you have more important things to do than to keep your own books. We can maintain your books for you, so you can get back to running your business and generating profits.

Each month, or quarter, we can provide the following for you...

These services form the foundation of your small business accounting system. You can customize this package by adding  payroll, tax planning, and tax preparation services among many others.

Bank Reconciliation

Reconciling your business checking account monthly allows us to keep your bank account, accounting, and tax situation 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 timely and correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing. You really can't 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.
  • Protect yourself. By timely reconciling, you can promptly object to any unauthorized, fraudulent or forged checks presented and paid by the bank. This can relieve your responsibility for the shortfall and transfer this risk to the bank. Crime does exist.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically summarizes all company income and expenses, resulting in a profit or loss for the period.

An income statement allows you to...

  • Track revenues and expenses to determine the operating performance of your business.
  • Determine what areas of your business are over or under budget.
  • Identify specific reasons for unexpected losses or poor operating results.    Like phone,  supply or advertising 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 with 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 handle the normal financial ebbs and flows of revenues and expenses? 
  • Determine if you need an immediate, or probable cash infusion.
  • Determine if your business has been using payables to defer an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic form of  financial reporting used to send to potential lenders such as banks, investors, and vendors.

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 monthly allows us to hunt down any discrepancies such as double billings or  unrecorded payments. Then we can fix the discrepancies so your books are always as accurate as possible.

Unlimited Consultations

We are always available to communicate with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are included in our fee, so please call us whenever you have a question or concern.

If you'd like to receive a Free Consultation on our Small Business Bookkeeping Service, please complete this form.

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