Small Business Accounting

As an entrepreneur you have more significant activities than to keep your own books. We deal with your books for you, so you can return to the activity of maintaining your business and creating benefits.

Each month or quarter we'll do the following things for you...

Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide consultations

These assignments structure the strong establishment of your independent venture bookkeeping framework. You can redo the bundle of administrations you get by including finance, charge arranging, charge planning, or any of our different administrations.

Bank Reconciliation

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...

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.
Know how your business is doing? You can't really 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 for you.
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.
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.

An income statement allows 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.
Determine your income tax liability.

Balance Sheet

A monetary record gives you a depiction of your business' money related condition at a particular minute in time.

A monetary record helps you:

quickly understand the money related quality and capacities of your business
identify and investigate patterns, especially in the territory of receivables and payables. For instance, if your receivables cycle is extending, possibly you can gather your receivables more aggressively
determine if your business is in a situation to expand
determine if your business can without much of a stretch handle the ordinary money related recurring patterns of incomes and expenses
determine in the event that you have to find a way to reinforce money reserves
determine if your business has been hindering payables to prevent an inescapable money shortage

Balance sheets, alongside salary articulations, are the most essential components in giving money related answering to potential moneylenders, for example, banks, speculators, and merchants who are thinking about how much credit to allow you.

Maintaining a Clean General Ledger

The general record is the center of your organization's monetary records. These records comprise the focal "books" of your framework. Since each exchange courses through the general record, an issue with your general record tosses off all your books.

Having us audit your general record framework every month permits us to chase down any disparities, for example, twofold billings or any unrecorded installments. At that point we'll fix the errors so your books are constantly precise and kept in tip top shape.