Small Business Accounting


As a small business owner you have more important things to do than to keep your  own books. We take care of your books for you, so you can get back to the job of  running your business and generating profits.

Each month or quarter we’ll do the following things for you…

  • Reconcile your bank account
  • Generate an income statement
  • Generate a balance sheet
  • Clean up your general ledger
  • Provide unlimited consultations

These tasks form the solid foundation of your small business accounting system. You  can customize the package of services you receive by adding payroll, tax planning, tax  preparation, or any of our other services.


Reconciling your business checking account each month allow us to keep your bank  account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to…

  • Identify lost checks, lost deposits and unauthorized wire transactions
  • Detect and prevent excess/unjustified bank charges and ensures transactions  are posted correctly by your bank
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can’t really know unless all accounts are  reconciled and properly accounted for on your financial statement
  • Manage your cash more effectively. Proper management of funds not only  saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank  about any unauthorized, fraudulent or forged checks presented to your bank  and paid by that bank, you can relieve your agency of responsibility for the  shortfall and transfer the risk to the bank. This reason to reconcile alone  should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank  accounts are reconciled, in balance and that all escrow funds, accounts,  checks and disbursed funds are properly accounted for.


An income statement, otherwise 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  to come up with a profit or loss for the period.

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 business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone,  fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a  percentage of sales.
  • Determine your income tax liability.


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

A balance sheet helps you:

  • quickly get a handle on the financial strength and capabilities of your business
  • identify and analyze trends, particularly in the area of receivables and  payables. For example, if your receivables cycle is lengthening, maybe you can  collect your receivables more aggressively
  • determine if your business is in a position to expand
  • determine if your business can easily handle the normal financial ebbs and  flows of revenues and expenses
  • determine if you need to take immediate steps to bolster cash reserves
  • determine if your business has been slowing down payables to forestall an  inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in  providing financial reporting to potential lenders such as banks, investors, and  vendors who are considering how much credit to grant you.


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 your books.

Having us review your general ledger system each month allows us to hunt down any  discrepancies such as double billings or any unrecorded payments. Then we’ll fix the  discrepancies so your books are always accurate and kept in tip top shape.


We are always available to spend time with you so you fully understand how to  interpret and utilize the financial information we provide. Our consultations are  already included in our price, so please feel free to call us whenever you have a  question or concern.