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These tasks form the solid foundation of a small business accounting system. You can customize your package of services by adding payroll, tax planning, tax preparation, or any of our other services.


Bank Reconciliation

Reconciling your business checking account each month keeps your bank account, accounting, and taxes up-to-date.

Letting 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 ensure transactions are posted correctly by your bank. 

  • Detect and prevent embezzlement of funds from within your company. 

  • Manage your cash more effectively. Proper management of funds can not only save money, but it can make money for you. 

  • Protect yourself and your investments. By reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to and paid for by that bank, you can relieve your agency of responsibility and transfer the risk to the bank. 

  • Relax, knowing that your bank accounts are reconciled, and in balance, and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.


Income Statement

An income statement, otherwise known as a profit and loss statement, adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to calculate the profit or loss for the period.

An income statement allows you to:

  • Track revenues and expenses and evaluate the operating performance of your business. 

  • Reveal which areas of your business are over-budget or under-budget. 

  • Identify specific items that are causing unexpected expenditures, like phone, fax, mail or supply 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 provides a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

  • Quickly understand the financial strength and capabilities of your business. 

  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, you may want to collect your receivables more aggressively. 

  • Determine if your business is in a position to expand. 

  • Verify that your business can easily handle the financial ebbs and flows of revenues and expenses. 

  • Determine if you need to take immediate steps to bolster cash reserves.

  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage.

Balance sheets, along with income statements, are the most basic elements in providing financial reporting 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 core of a 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 system each month allows us to hunt down discrepancies, such as double billings or any unrecorded payments. We fix the discrepancies so your books are always accurate and kept in tip-top shape.


Unlimited Consultations

We are always available to spend time with you to ensure that you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so feel free to call us whenever you have a question or concern.

Small Business Accounting

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