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Menu
  • Home
  • About Us
  • Our Services
    • Small Business Accounting
    • Payroll, W-2s and 1099 Reporting
    • Clean Up of Accounting Records
    • QuickBooks Setup & Training
    • Specialized Accounting Services
    • Business Consulting
  • News & Tools
    • Financial Calculators
    • Record Retention Guide
    • Life Events
      • Tax Events
      • Business Events
      • Financial Events
      • Personal Events
    • Tax Due Dates
    • Fed & State Tax Links
    • Finance Dictionary
    • Track Your Refund
    • Blog
  • Contact us
  • Español
  • Home
  • About Us
  • Our Services
    • Small Business Accounting
    • Payroll, W-2s and 1099 Reporting
    • Clean Up of Accounting Records
    • QuickBooks Setup & Training
    • Specialized Accounting Services
    • Business Consulting
  • News & Tools
    • Financial Calculators
    • Record Retention Guide
    • Life Events
      • Tax Events
      • Business Events
      • Financial Events
      • Personal Events
    • Tax Due Dates
    • Fed & State Tax Links
    • Finance Dictionary
    • Track Your Refund
    • Blog
  • Contact us
  • Español
Menu
  • Home
  • About Us
  • Our Services
    • Small Business Accounting
    • Payroll, W-2s and 1099 Reporting
    • Clean Up of Accounting Records
    • QuickBooks Setup & Training
    • Specialized Accounting Services
    • Business Consulting
  • News & Tools
    • Financial Calculators
    • Record Retention Guide
    • Life Events
      • Tax Events
      • Business Events
      • Financial Events
      • Personal Events
    • Tax Due Dates
    • Fed & State Tax Links
    • Finance Dictionary
    • Track Your Refund
    • Blog
  • Contact us
  • Español
Client Portal
503-207-6533

Se Habla Español

  • Home
  • About Us
  • Our Services
    • Small Business Accounting
    • Payroll, W-2s and 1099 Reporting
    • Clean Up of Accounting Records
    • QuickBooks Setup & Training
    • Specialized Accounting Services
    • Business Consulting
  • News & Tools
    • Financial Calculators
    • Record Retention Guide
    • Life Events
      • Tax Events
      • Business Events
      • Financial Events
      • Personal Events
    • Tax Due Dates
    • Fed & State Tax Links
    • Finance Dictionary
    • Track Your Refund
    • Blog
  • Contact us
  • Español
Menu
  • Home
  • About Us
  • Our Services
    • Small Business Accounting
    • Payroll, W-2s and 1099 Reporting
    • Clean Up of Accounting Records
    • QuickBooks Setup & Training
    • Specialized Accounting Services
    • Business Consulting
  • News & Tools
    • Financial Calculators
    • Record Retention Guide
    • Life Events
      • Tax Events
      • Business Events
      • Financial Events
      • Personal Events
    • Tax Due Dates
    • Fed & State Tax Links
    • Finance Dictionary
    • Track Your Refund
    • Blog
  • Contact us
  • Español

Small Business Accounting

As a small business owner, you have more important things to do than to manage your own books. If more of your time is being spent managing your day-to-day bookkeeping tasks than managing your business, we are here to help. We take care of your books for you, so you don’t have to. This way, 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…

• Reconcile your bank and credit accounts
• Generate an income statement
•
Generate a balance sheet
•
Review Financial Statements 
•
Maintain a Clean General Ledger
•
Identify & Resolve Discrepancies 
•
Update vendor, customer, and contractor information

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.

man sitting in front of plants with plaid shirt

Small Business Accounting

As a small business owner you have more important things to do than to manage 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…

• Reconcile your bank and credit accounts
• Generate an income statement
•
Generate a balance sheet
•
Review Financial Statements 
•
Maintain a Clean General Ledger
•
Identify & Resolve Discrepancies 
•
Update vendor, customer, and contractor information

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.

Account Reconciliation

Performing reconciliations or your business accounts each month helps to:

• Identify lost checks or lost deposits
• Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.
• Know how your business is doing
• Manage your cash more effectively
• Protect yourself. Verify there are no unauthorized transactions

Income Statement

An income statement (aka Profit & Loss) allows you to…

• Track revenues and expenses so that you can determine the operating performance of your business.
• Determine what areas of your business are over-budget or under-budget.
• Identify specific items that are causing unexpected expenditures (office supplies, auto expenses, etc.).
• 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. It helps you to:

• Quickly get a handle on the financial strength and capabilities of your business.
• 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.
• Determine if your business is in a position to expand.
• Determine if your business is able to pay its debts
• 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 allows us to identify any discrepancies such as double billings or any unrecorded payments.

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