Accounting Services
Periodic Reconciliation of Accounts.
Tax Minimization.
Profit and Loss Statement.
Balance Sheet Generation.
General Ledger Clean-Up and Review.
Periodic Reconciliation of Accounts.
- Identify lost checks, deposits, and unauthorized transfers
- Detect and dispute bank charges
- Understand how your business is 'doing'
- Peace of mind knowing your bank account records all match and funds are properly accounted
Tax Minimization.
- Proper document retention and supporting evidence assists us in achieving your maximum tax savings. This will document the appropriate tax deductions we claim, provide the foundation for tax planning strategies, and ensure nothing falls through the cracks
- In the event of an audit, we know where every dollar has come and gone with time stamped records of each transaction. We can easily provide accurate and complete documentation to the relevant taxing authority
Profit and Loss Statement
- To build your P&L, we track revenues and expenses to determine operating performance of the business
- Determine what areas of the business have significant spending to begin benchmarking, budgeting, and monitoring
- Identify unexpected expenditures, including ‘one-time’ expenses that continue to emerge regularly or asset purchases
Balance Sheet Generation
- Identify financial strength and operational capabilities
- Identify and analyze trends including seasonal cash fluctuations and impact of growth
- Determine financial position for business expansion and growth
- Determine line of credit or financing needs
- Ensure there are adequate reserves to pay for your personal financial needs from business distributions
General Ledger Clean-Up and Review
The general ledger is the core of all financial records. We review your general ledger system to hunt down discrepancies including double billing, returns, and transfers between accounts to keep your books accurate and in the preferred structure for the IRS.
