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Accounting Services
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The experienced accountants and bookkeepers employed by our firm are equipped to provide the full range of bookkeeping services to businesses of any size, structure or area of focus. With the ability to work both on-site and from remote access, our professionals guarantee work that is prompt, accurate and reliable without the added expenses of medical insurance, payroll taxes and sick leave that are associated with an in-house bookkeeper. Every bookkeeping service plan is designed to fulfill the specific needs of the business for which it is designed.
Our professional bookkeeping team consists of Certified Public Accountants, licensed bookkeepers and QuickBooks ProAdvisors who have accumulated a wide range of experience servicing the bookkeeping and accounting needs of businesses of all types and sizes. Access to the latest versions of accounting and bookkeeping software packages allow us to provide our business clients with the most current technology solutions available. Our services include but are not limited to, account management, bank reconciliations, financial statement preparation, payroll services, sales tax services, budget analysis, and QuickBooks support.
In terms of account management, our professionals keep precise and up-to-date records of accounts receivable, accounts payable, purchases, sales, inventory, retained earnings, owner’s equity and all other aspects of business operations. QuickBooks services include set up, data input, generating of reports, clean-up and troubleshooting while those aimed at managing payroll encompass the administration of employee benefits, the submission of payroll tax deposits, and the preparation of payroll tax returns, among other things. Our bookkeepers also monitor payroll tax laws to ensure that clients remain compliant and receive any benefits they are due.
Beyond providing account management, payroll services, and QuickBooks support, our accountants and bookkeepers are experienced in the preparation of formal company financial statements. Their cash flow statements, equity statements, and statements of financial position meet all of the legal standards governing financial reports and accurately communicate a company’s financial condition. Our professionals also assist business management in the areas of budgeting and long-range financial planning, both of which are essential to achieving profitability, growth, and long-term company success.
If your business is in need of expert bookkeeping or accounting services, the experienced staff members of our firm can provide you with the help you are looking for.
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The professional accountants at our firm guarantee the preparation of financial statements that fully and accurately represent a company’s financial position and meet all of the generally accepted accounting principles set by the Financial Accounting Standards Board. These formal accounting documents, which include Balance Sheets, Income Statements, Cash Flow Statements, and Equity Statements, serve important functions, both internally and externally. They provide business owners with the data they need to effectively direct business operations and furnish potential lenders and investors with important decision-making information regarding the projected financial health of the company they are evaluating.
Taken together, the four basic financial statements listed below are designed to provide a complete picture of the financial status of the company for which they are generated.
THE INCOME STATEMENT
This Income Statement, which is also known as a Profit and Loss Statement, shows the revenues, expenses and net income of a business entity over a set reporting period. When applicable, the Income Statement also provides information on earnings per share. Although the standard reporting period is usually one year, these financial statements often show several successive years of data for comparison purposes.
THE BALANCE SHEET
The Balance Sheet presents a company’s assets, liabilities and equity as of a specific reporting date. By providing a complete set of financial data at a specific point in time, this statement furnishes valuable information about a company’s liquidity and capitalization. As per the standard accounting equation, the report is structured to show that business assets are the sum total of its liabilities and equity.
THE CASH FLOW STATEMENT
The Cash Flow Statement shows the inflow and outflow of company cash over the course of the same reporting period covered by the Income Statement. It includes cash flow that occurs due to normal business activities as well as that which is due to buying and selling capital assets and paying dividends, among other things.
THE EQUITY STATEMENT
The Equity Statement, which is sometimes known as a Statement of Retained Earnings, shows changes in company equity over a set reporting period. Included in this statement, are equity changes due to dividend payments and net profits and losses as well as those that result from the sale or repurchase of company stock.
In addition to preparing the aforementioned financial statements, the professional accountants at our firm offer extensive vertical, horizontal and ratio analysis of the data as it is presented. By tracking performance using several different measures, these analyses provide invaluable information to business management and interested outside parties alike.
If your business is need of expert tax or accounting services, the experienced staff members of our firm can provide you with the help you are looking for.
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The experienced accountants and bookkeepers at our firm are well equipped to provide your small or medium-sized business with the full range of QuickBooks consulting services. Our certified QuickBooks professionals use the most up-to-date QuickBooks software to provide clients with both on-site and remote bookkeeping services that are designed to streamline business operations. In addition to serving businesses on a regularly scheduled basis, we offer intermittent and one-time support services that include installation, set-up, clean-up, complex configurations, and troubleshooting.
QuickBooks has recently developed several specialized versions of its software that are specifically designed to service a particular industry such as manufacturing, wholesaling, retailing or contracting, among others. Each package comes with its own terminology, workflow processes and report generating capabilities that are aimed at carrying out the functions of the specific business type for which it was designed. Our experienced team members are proficient in the use of all of these variants and stand ready to help business clients of any size or area of focus put them to the most efficient use possible.
In addition to being well versed in applying the various industry-specific versions of QuickBooks, our bookkeeping professionals are current with all of the updates that are continually being added to the QuickBooks software. Some of these include the improvements to income tracker, pinned notes, and registration processes in QuickBooks 2015 and then added a batch transaction feature, bill tracking and continuous feed label printing support in QuickBooks 2016. The program has also added web-based features such as remote payroll assistance, online banking and bank reconciliation, electronic payment functions, Google marketing options, and improved email functionality, all features which our professional team members are prepared to implement to benefit the businesses we serve.
QuickBooks, which has long been the premier accounting software provider for small to medium-sized American businesses, now commands almost 90% of the business accounting market. Its features, which are many and varied, can be put to good use making businesses run smoothly, efficiently, and profitably. This being the case, the professional bookkeepers at our firm have the knowledge and experience necessary to integrate all facets of the QuickBooks software into the successful functioning of your business operations.
If your business is in need of QuickBooks consulting or any other expert tax or accounting services, the experienced staff members of our firm can provide you with the help you are looking for.
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