Small Business Bookkeeping & Accounting Services

As a small business owner you have more important things to do than to keep your own books. Let us take care of your books, so you can get back to the job of running your business and generating profits!

• Reconcile your bank accounts
• Reconcile your credit cards

These tasks form the solid foundation of your small business accounting system.

 
Bank Reconciliation

Reconciling your business checking account 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.
   
• Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for.
   
• Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
   
• 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.

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.
   
• Identify specific items that are causing unexpected expenditures. 
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• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
   
• 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.

A balance sheet helps you...

• Quickly get a handle on the financial strength and capabilities of your business.
   
• Determine if your business is in a position to expand.
   
• Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.
   
• Determine if you need to take immediate steps to bolster cash reserves.
   

 
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 or quarter 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.