Accounting and Bookkeeping Services
Accounting, which is not in the purview of the bookkeeper, involves interpreting the financial statements (income statement, balance sheet, profit and loss) and determining how best to use that information in business and tax planning. Sometimes people confuse bookkeeping with accounting, especially since software manufacturers refer to their products as accounting software when in fact this software simply helps keep track of information and does not interpret it. Bookkeepers keep the records; accountants audit and analyze them.Bookkeeping tasks range from making deposits, reconciling bank statements, and recording transactions to doing payroll, billing, managing accounts receivable and payable, and preparing financial reports for tax or accounting purposes.
Effective use of bookkeeping resources and services mean that when tax time comes and your CPA reviews your records, that it is more efficient and accurate with less stress in pulling all those records together.
Meaningful, well-organized financial records ensure that your business operations will run more efficiently on a daily basis and are the foundation of a successful business. Our qualified staff can assist you with the day-to-day tasks associated with bookkeeping.
Financial Forecasts & Projections
Forecasting is a necessity when trying to effectively manage and lead a business to profitability. From simple projections to complex financial modeling, our experienced staff can assist you in achieving your company’s financial goals.
We use accounting and auditing skills to provide an analysis of financial records in conjunction with dispute resolutions, as well as fraud and theft investigation. Our damage measurement methods can determine the extent of financial loss and illegal accounting practices.
Reviews & Compilations
We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing your company’s profitability and efficiency. We provide financial reporting on two levels of assurance:
- Review – some analytical procedures conducted with limited assurance
- Compilation – based upon client information provided and used primarily for internal use.
Cash Flow & Budgeting Analysis
A business can be profitable and still run into trouble due to cash flow issues. We can forecast and evaluate your company’s financial condition, estimate financing requirements, and track cash-flow sources and uses.
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can be a useful tool for management for making financial decisions.
We provide insight beyond the numbers and believe our experience and knowledge is one of our clients' best Assets. Through our collective knowledge, expertise and experience, we provide our clients with guidance, advice and consultancy for their personal lives and small business, in matters of tax, accounting, and executive operational management.