Accounting & Bookkeeping
let us do the accounting work
small business bookkeeping & accounting
As a small business owner, you have more important things to do than keep your own books. We take care of your accounting so you can return to running your business and generating profits.
Bank Reconciliation
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Deposits & Cheques
Identify lost checks, lost deposits and unauthorized wire transactions.
Charges & Transactions
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Embezzlement
Detect and prevent embezzlement of funds from within your company.
Accountability
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Save Money
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Banking Errors
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
Peace of Mind
Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, 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, 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.
Performance
Track revenues and expenses so that you can determine the operating performance of your business.
Over/Under
Determine what areas of your business are over-budget or under-budget.
Expenditure
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Sales
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Liability
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.
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.
Capability
Quickly get a handle on the financial strength and capabilities of your business.
Trends
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Expand
Determine if your business is in a position to expand.
Revenue & Expense
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
Stability
Determine if you need to take immediate steps to bolster cash reserves.
Cash On Hand
Determine if your business has been slowing down payables to forestall an inevitable cash shortage.
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 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.
Unlimited Consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.
If you’d like to receive a free consultation on our Small Business Accounting Service, please contact us.