As a business owner, you have a more important thing to do for your business growth and reaching goals than to keep your books.
We take care of your books for you, so you can get back to the job of running your business and generating profit. We help you with your accounting activities and do the following things for you:
- Reconcile your bank statement
- Generate an income statement
- Generate a balance sheet
- Clean up your general ledger
- Provide unlimited consultation
These basic activities form a solid foundation for your business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any other connected service. As a professional accounting team, with international experience, we will bring you high and expert service. We take care of everything, from bookkeeping, archiving, accounting, tax consultation, and taking care of your account-related activities.
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Reconciling your business checking accounts each month allows us to keep your bank account, accounting, and taxes up-to-date. We do the bank reconciliation each month for you so that you can identify lost checks, lost deposits, and unauthorized wire transactions. We help you in detecting and preventing excess or unjustified bank charges and ensure transactions are posted correctly by your bank. We detect and prevent misuse of funds from within your company.
You will come to know how your business is doing when all your accounts are reconciled and properly accounted for on your financial statement. You can manage your cash more effectively. Proper management of funds not only saves money but will also provide you accurate insights into what happening.
An income statement, otherwise popularly known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses for a particular period of time. Hence income statement allows you to determine the operating expenses of your business by tracking revenues and expenses. It helps you determine what areas of your business are over or under-budgeted.
You can identify specific items that are causing unexpected expenditures. Like phone, fax, or supply expenses. You can efficiently track the dramatic increase in product returns or cost of goods sold as a percentage of sales. You can properly determine your income tax liability.
The balance sheet is actually a snapshot of your business’s financial aspect at a given moment of time. You can judge very quickly about the financial strength and capabilities of your business. You can identify and analyze trends, particularly in the area of receivables and payables. You can determine whether it’s time for your business expansion.
Seeing your general ledger each month allows us to hunt down any discrepancies such as double billing or any unrecorded payments. So we can fix the discrepancies, so your book is always accurate and kept in an updated fashion.
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Call us today at 601-658-0699 or you can also request a consultation through our website to discuss your business needs as an experienced tax, accounting, and business valuation advisors.