.png)
Our Accounting Services Are Designed To Help Your Business Grow
OUR SERVICES
CLEAN UP SERVICES
We know that at times bookkeeping can easily fall behind as a business grows. Catching up can become time consuming and frustrating. We help small businesses get up to speed. Our services help clean up your books and bring them up to date.
We can analyze and reconcile your bank accounts, credit cards and lines of credit. We can work through and organize your accounts receivable and payable. We can review your payroll records and reconcile data as well as properly enter adjustment entries to rectify the incorrect entries. And if required, we can reorganize your chart accounts to ensure improvement in financial management.
INTERNAL CONTROL TESTING
Internal control testing allows your business to assert your controls are operational. We audit your internal procedures and test the strengths and effectiveness of the controls in place. We use these tests to detect material misstatements and to assess your business overall health. Each control test is designed specifically with the objective of operating effectiveness.
Area of Testing:
ï‚· Separation of Duties
ï‚· Accounting System Access Controls
ï‚· Periodic Reconciliations in Accounting Systems
ï‚· Approval Authority Requirements
ï‚· Observation
ï‚· Inspection
ï‚· Examination
MONTHLY REPORTING
Receive timely and accurate monthly reports. We will provide you with an accurate P&L as well as a balance sheet every month. They are the most overlooked reports for a small business today and they are the most telling reports for your business. For running a business, it’s crucial to know where your money is going and where you are most profitable.
Here is a list of reports we provide to our clients
Balance Sheet
Profit and Loss Statement – Month
Profit and Loss Statement – YTD
Profit and Loss Statement – % of Income
Cash Flow Statement
Accounts Receivable Aging
Accounts Payable Aging
Prepaid Expenses by Vendor
Accrued Expenses by Vendor
Open Sales Order by Customer
General Ledger
Budgeting
Forecasting
PAYROLL SERVICES
By outsourcing your payroll services, your business can save time and money by reducing the need for an in-house payroll specialist. Payroll services could include anything from determining employee wages and withholding taxes, to updating vacation and sick pay and deducting employee-contributed payments for benefits. We take care of your monthly and quarterly payroll tax payments through automatic payroll and tax payments.
BUDGETING
We can help you monitor expenses and determine if your overhead is too high as well as ideal cost cutting options. We achieve this by analyzing your Income Statement (Profit & Loss Statement) for your last month and quarter and calculate how much you are spending on expenses as a percentage of income. We will then walk you through our findings and show you where you are compared to where you can be.
