As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!
Each month or quarter we'll do the following things for you...
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Reconcile your bank accounts
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Generate an income statement
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Generate a balance sheet
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Clean up your general ledger
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
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...
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Identify lost checks, lost deposits and unauthorized wire transactions.
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Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
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Detect and prevent embezzlement of funds from within your company.
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Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
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Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
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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.
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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...
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Track revenues and expenses so that you can determine the operating performance of your business.
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Determine what areas of your business are over-budget or under-budget.
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Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
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Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
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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...
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Quickly get a handle on the financial strength and capabilities of your business.
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Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
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Determine if your business is in a position to expand.
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Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
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Determine if you need to take immediate steps to bolster cash reserves?
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Determine if your business has been slowing down payables to forestall an inevitable cash shortage?
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
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 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. It is much easier to maintain your books on a regular interval instead of waiting until you need financial statements.
Unlimited Consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.
Thoughts of estate planning often bring more questions than answers: Could an heir be too young to inherit?
Should the inheritance be given at a certain age? Is the intended beneficiary in a shaky marriage with divorce as a
possibility? Are there children from a previous marriage? Should inheritance be protected from potential creditors of
the heir? Are there taxes that can be avoided? Are you able to avoid the probate court rules, delays, and
costs?
Planning what happens to your estate when you're gone can seem frustrating
and intimidating without qualified help.
You may feel that you're too young to care about estate planning. Or,
perhaps the reminder of death makes you uncomfortable. You might be tempted to put the whole thing off,
assuming that
it will just take care of itself. In all cases, estate planning ends up saving your
family lots of time, heartache and money.
And we can help.
Every estate planning situation is different. In order to help you, we want to know you, your unique situation, and
the nature of your relationships. We offer discussion, recommendations and useful research tools to make your
planning simple, efficient, and worry-free. We are available throughout the process for further discussion
regarding questions, change of circumstances, and alternatives. At every step, we'll be there with you.
We help you...
- Clearly define your estate planning goals.
- Organize and create your estate planning team (experts on law, finance, and taxes) if you need one.
- Evaluate and recommend estate planning options.
- Prepare, organize and review your estate planning documents including current wills, trusts, health care and power of attorney.
- Decrease the problems and expenses associated with probate.
- Lessen taxes at time of death.
- Arrange for management of your estate in the event you are incapacitated.
- Draft a working plan for conserving and effectively managing your estate after death.
- Transfer the assets of your estate to heirs the way you want.
- Organize fair and adequate liquidation of estate to cover taxes and other expenses.
- Amend your plan as needed.
You also get help with...- Living Wills and Trusts.
- Lifetime Family Wealth Transfers.
- Family partnerships and other business relationships.
- Leaving money to charities.
- Preparation for estate and trust tax problems.
The hassles and red tape associated with estate planning can be daunting, but you don't need to do it alone. Our team is waiting to assist you through every step of the process.
