“Focus on growing your business, let us worry about the accounting.”
Small business accounting involves more than just recording transactions into a general ledger software such as QuickBooks. Ensuring your books are complete, accurate and pulling that information into usable reports is key to monitoring the financial success of your organization. Read below to see how different aspects of accounting help contribute to the financial success of your organization.
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Reconciling Your Accounts
Reconciliations are the process of comparing your general ledger to verified banking documents. Through this process we can identify errors and omissions in your general ledger. These errors can be costly and time consuming to correct at year end before tax time. This can leave money on the table in the form of possible missed deductions on your return and result in adjustments that change the profitability of your organization. It is vital to ensure your accounting records are reconciled all year long so you can analyze your business’ profitability all year long.
General Ledger Advice
Want books that are audit ready at any time of the year? Having a CPA review your general ledger can ensure your books conform with modern accounting standards all year round. From changing accounting standards that have real impact on business reporting to reviewing for errors, omissions and modifications we can help ensure your books are up to par all year long.
Preparation of Financial Statements
Compiled Financial Statements
Whether you need an independent third party or not, a compiled financial statement shows external organizations that your accounting records conform to modern accounting standards known as GAAP.
Reviewed Financial Statements
As an independent third party, we can provide external organizations limited assurance to the accuracy of your accounting records. Through analytical procedures, we can determine your financial statements are free from the need for material modifications.
