Small Business Accounting

 
Bank Reconciliation

Reconciling your bank accounts:

Having us reconcile your accounts will help you to...

• Identify lost checks, lost deposits and unauthorized wire transactions.
   
• Detect and prevent excess/unjustified bank charges and ensures 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 not only saves money, it makes money for you.  

Financial statements allow us to work with you to...

• Track revenues and expenses so that you can determine the operating performance of your business.
   
• Determine what 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.
   
• Project your income tax liability.                                                                                                                     
• A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

• Our properly prepared balance sheet and analysis helps you to...

  • Quickly get a handle on the financial strength and capabilities of your business.
     
  • Identify and analyze trends, particularly in the area of receivables and payables. 
     
  • Determine the best time to expand your business.                                                                         
  • Determine the timing to take immediate steps to bolster cash reserves?                                       
  • 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 credit opportunities and needs.

 
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 system allows us to determine any discrepancies or inconsistencies that may exist in the accounting system.  

 
Consultations

We will schedule consultations to review the financial reporting and strategies.