As a small business owner, you have more important things to work on besides trying to learn accounting functions and maintaining your financial statements. Just as you have studied your crafts and have experience in your business field, we have years of experiences in the accounting functions and bookkeeping arena.
Each month we can reconcile your bank and credit card statements, generate financial statements for your review, identify problem areas, and provide unlimited consultation on areas that need your attention. These are tasks that are essential to providing your company with the operational control necessary in measuring the success of your business. If you own a small business and have not been able to keep the bookkeeping aspects current, don’t worry. Our staff can help you correct this or actually perform these functions for you. Having us perform the reconciliations will allow us to identify checks that have not been cashed, deposits that are missing or that do not match your records, and identify unauthorized transactions. The reconciliation process is the only way you can really know how your business is doing.
Financial statements are often a requirement for assistance or future growth of the business. Many banking and insurance institutions require these documents when applying for loans or insurance needs.
The Income Statement, usually referred to as the Profit and Loss, basically provides an itemized list of your income (revenues) and a detailed list of your costs (expenses). We can provide this information to you after the inputting of receipts and deposits in the bookkeeping process. After you receive the Income Statement, you can determine what areas of your business is over or under budget, identify unexpected expenditures, and track increases in product costs or returns. Of course, the purpose of the Income Statement is to allow you to see what your company’s net income really is.
The Balance Sheet provides you with a snapshot of your business’ financial condition at a specific point in time. It allows you to see your available cash, how much you actually owe, what you have invested into your business. It can help you determine if your business can handle the normal ebbs and flows of operating.
We are not the normal accounting firm in that we customize the accounting functions to meet the needs of our customers. Our services are determined by you, the customer. We have some clients that want us to pick up their mail, deposit their income, perform their bookkeeping, and prepare their financial statements for them. On the other hand, we have some clients that just want us to input the accounting information and provide them with their financial statements. We also perform accounts payable functions and/or accounts receivable functions. Some clients just need our assistance with the sales and use filings required by the state. Our staff is very knowledgeable and diversified in these areas and are always available to assist you when you have any question. If they do not know, they will find out for you.