Small Business Accounting
As a small business owner you have special bookkeeping requirements.
Accurate financial data will allow management to make decisions to enhance company operations.
Depending on your needs, we can provide the following on a monthly or quarterly basis:
You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
By reconciling your accounts each month or quarter information becomes available that will fortify:
- An understanding of how your business is operating.
- Knowledge of company cash flow. Proper management of funds can save money and in many instances make money.
A balance sheet summarizes a company's financial condition at a specific point in time.
A balance sheet:
- Illustrates the ability of a company to meet future obligations.
- Indicates if cash is available for distribution to owners.
- May identify the need for additional working capital.
- Helps conclude if a business is in a position to expand.
An income statement, also known as a profit and loss statement, reports revenue and expenses of the company over a certain period.
An income statement can assist in identifying:
- Trends in company revenue.
- Historical gross profit. Gross profit analysis will reflect the result of a company's product pricing policies.
- Cost centers that need further analysis.
- The capability of generating cash flow.
- Potential income tax liabilities.
Balance sheets and income statements are the basic reports of company financial statements.
Including a statement of cash flows and footnote disclosures along with these basic reports may provide additional useful information.
We provide financial reports that allow management to understand the economics of their company and make informed decisions to further the success of the business entity.
Maintaining a General Ledger
All accounting transactions are recorded in the general ledger.
The general ledger provides data for the balance sheet and income statements.
Since every transaction flows through the general ledger, a problem with your general ledger often materially affects financial reporting data and inhibits the management decision process.
We can assist you in maintaining a concise and informative general ledger.
QuickBooks Help and Support
As a small business owner, you may need QuickBooks help from time to time.
We offer personalized QuickBooks value-added services for small businesses.
We can help with first time setup, cleaning-up problem books, as well as support and training.
We are Certified QuickBooks ProAdvisors.
How does your business compare to other companies?
We have the ability to analyze pertinent financial data and report your company's positioning in your industry or a similar industry.
