|
|
|
|
|
Financial Reports
We provide the following financial
reports on a schedule that enables
you to oversee your company finances:
• Balance Sheet
• Income Statement
• Statement of Cash Flows
• Reconciled General Ledger
Management Reports
We also provide the following
management reports on a
schedule that helps you
manage the day-to-day
finances of your business:
• Accounts Receivable Aging
• Accounts Payable Aging
• Check Register
• Cash Receipts Journal
|
|
| Accounting software consulting
• QuickBooks and QuickBooks Pro
• Peachtree Accounting Software
• Contact our office for other accounting software assistance
| |
| Financial Statements
Financial Statements are the tool that businesses use to measure their success and analyze their operations for opportunities to improve. Banks, investors and other stakeholders rely on the financials for evaluating their commitment and involvement.
We can assist you in providing external financial statements compiled by us or assist you in producing useful internal financial statements from your accounting software.
Our objective is to provide you and your stakeholders with information about the financial position, performance and changes in financial position that may be useful in making economic decisions.
We strive to make your financial statements understandable, relevant, reliable and comparable.
| |
| Who might be interested in your
financial statements–
• Owners and managers who require financial
statements to make important business
decisions that affect your continued operations.
Financial analysis are then performed on these
statements to provide management with a more
detailed understanding of the figures.
• External users are potential investors, banks,
government agencies and other parties who are
outside your business who need financial
information about the business for a diverse
number of reasons.
• Prospective investors make use of financial
statements to assess the viability of investing
in your business.
|
| • Financial institutions (banks and other lending companies) use them to decide whether to grant
your company with fresh working capital or extend debt securities (such as a long-term bank loan
or debentures) to finance expansion and other significant expenditures.
• Government entities (tax authorities) need financial statements to ascertain the propriety and
accuracy of taxes and other duties declared and paid by your company.
• Media and the general public are also interested in financial statements for a variety of reasons.
| |
| Accounting System Setup
We help your business streamline its accounting by setting up accounting systems that
coordinate with your business needs. This simplifies and increases accuracy of
bookkeeping, tracking and forecasting.
Setup Your “Chart of Accounts”
After choosing a method for recording transactions, we’ll work with you to set up your
“chart of accounts” which is simply a listing of all the various accounts in your accounting
system. These include income accounts, expense accounts, asset accounts, and others.
An accountant can be of great assistance in setting up your initial chart of accounts.
Also, QuickBooks Pro and some other software programs include a “wizard” that will
customize a “chart of accounts” for your business.
Software Selection and Recording Transaction
We can help you—or train your internal staff—on how to enter transactions in a software program that
helps automate many routine tasks. We offer support to your staff to assist in recording unusual
transactions and coding them to the proper accounts.
There are dozens of accounting software packages and most of them will help you maintain your
books as well as automate things like payroll and reports.
| |
| Some available software:
• QuickBooks Pro - by far the most popular
and most user-friendly accounting software.
• Simply Accounting - not as user-friendly but
includes many of the same features as
QuickBooks Pro at a lower price.
• PeachTree Accounting - entry-level product
that provides the basics of accounting at a
low price.
|
|
|
|
|
Sign in here to schedule
A COMPLIMENTARY
consultation with one of
our team members.
Please bring a copy of last
year's income tax return.
|
