Books a Mess? No Problem!
If you own a small business and haven't kept up your bookkeeping, don't worry. We can help you. We can prepare your bookkeeping for any period you require. We can also prepare a full Schedule C to report your business income for tax purposes, and we can prepare your personal income tax return. Then we can help you set up an easy system that allows you to keep your books in tip-top shape going forward.
Generally, though, small business owners have more important things to do than to keep their own books. We can take care of your books for you on an ongoing basis, so you can get back to the job of running your business and generating profits!
Each month or quarter we'll do the following things for you at a minimum.
These tasks form the solid foundation of your small business accounting system. We can also take on more of your day-to-day bookkeeping tasks, as your needs dictate. You can further customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...
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.
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 each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.