Accounting and Bookkeeping Services

Accounting Services

Once your small business has gained financial clarity via our bookkeeping services, we can prepare important reports that third parties like your bank, insurance/bonding company, governmental agencies, etc. may be requiring.  Some of the accounting reports we can provide include the following:

Compilation Report

A compilation report is a report provided by a Certified Public Accountant to the business. This report tells a third party that your financials can be relied upon because they were compiled (not audited) by a licensed CPA. It generally includes your un-audited balance sheet, profit and loss statement, cash flow statement, and any financial statement notes. In addition to the required statements aforementioned, our compilation report includes graphical representations of your business’ financial data to help provide more of an understanding of the statements.

We provide quarterly compilation reports to businesses who are obtaining our bookkeeping services on a monthly basis at no additional charge. This allows you to have your most current compilation report ready upon request, saving you time and giving you the ability to get your business tasks taken care of as soon as possible.

Personal Financial Statements

We understand that not only do third parties want insight into your business’s financial standing, but they also want to get to know you, the owner. That’s why we offer personal financial statements, which provide a detailed analysis of your personal assets, liabilities, and net worth.

If you’re interested in obtaining a personal financial statement, let’s set up a meeting. Don’t forget to bring a copy of your credit report so we can get started right away.

In addition to compiling personal financial statements, our services extend to budgeting, and forecasting. We’re here to assist you with all your accounting needs.

Bookkeeping Services

When it comes to providing bookkeeping services to small businesses, our first step is performing a needs assessment. This crucial process helps us determine the best course of action to get your financial records on track. Unlike other bookkeeping services that simply input your financial data into a software package for tax purposes, we believe in providing much more value to you as a business owner.

We make sure that your financial transactions are entered into our advanced financial software in a way that allows you to generate important reports. These reports will help you answer key questions such as:

– Which product or service generated the highest revenue this year or month?

– Who are your top paying customers?

– Which customers did not make any purchases or seek your services this year compared to previous years?

– What was the average sales price for your products/services?

– How much does payroll cost you on a monthly basis?

– How can you reduce operational costs?

Being able to answer these questions and more empowers you to make impactful decisions in other areas of your business, such as operations and marketing. To achieve this, we ensure that your financial data is entered into our software in a thorough and detailed manner. We take the time to understand what information and questions are important to you as a business owner, so that it is captured during the data entry process. This way, we can provide you with customized bookkeeping services that meet your specific needs.

Pre-Meeting Preparation

To make the most of our upcoming meeting, we have prepared a checklist of items that will help us assess your needs and get your bookkeeping underway quickly:

– Bank statements

– Bills from vendors

– Invoices to customers

– Check registers

– Correspondences from any agencies (state, federal, etc.)

– Last prepared financial statement

– List of equipment and other assets owned by your company

– Statements for loans or other outstanding liabilities (e.g. credit cards)

If you are looking to improve the state of your financial records and gain the financial insight necessary to grow your business, we encourage you to book an appointment with us today.