Personalized Accounting Solutions

Bank & Credit Card Reconciliation

Reconciling your business accounts each month allows us to keep your bank accounts, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to…

• Identify lost checks, lost deposits and unauthorized transactions
• Detect and prevent unjustified bank charges
• Know how your business is doing financially, and give you peace-of-mind that all accounts are in balance and transactions have all been properly accounted
• Manage your cash more effectively

Income Statement

An income statement, otherwise known as a profit and loss statement, adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to give you a profit or loss for the specified time frame.

An income statement allows you to…

• Track revenues and expenses so that you can determine the operating performance of your business
• Determine what areas of your company are over or under budget
• Determine your income tax liability

Balance Sheet

A balance sheet gives you a snapshot of your business’s financial condition at a specific moment in time.

A balance sheet helps you…

• Quickly get a handle of the financial strength and capabilities of your business
• Identify and analyze trends in your receivables and payables
• Determine if your business is in a position to expand
• Determine if your business has been slowing down payables

Balance sheets, along with income statements, are the most basic element in providing financial reporting to potential lenders such as banks, bond agencies, 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 of your books.
Having us review your general ledger system allows us to hunt down any discrepancies such as double billings or any unrecorded payments.

Job Costing

Job costing is used to ensure that product pricing covers actual costs, overhead and provides a profit. For a typical job; direct material, labor, subcontract costs, equipment and other direct costs are tracked.
Job costing helps you…

• Assign costs separately to individual operations and calculate the profit margin you’ll have on each job
• Enables businesses to assess and evaluate the performance of employees in terms of productivity, efficiency, and cost-control
• Create a WIP (Work In Progress) Schedule which enables businesses to drill down in fine detail their profitability and cash flow