Accounting & Bookkeeping
We provide personalized bookkeeping services to fit the needs of all types of businesses
Quickbooks
The most widely used program for bookkeeping, and for good reason. It’s flexible, easy to use, and has a lot of useful reports available with a few clicks. Quickbooks Online and Quickbooks Desktop are both options that we work with, with a preference to Desktop. The Desktop version is much more customizable, streamlined, and comprehensive an all aspects of financial accounting and reporting. Contact us to discuss in further detail and determine what setup would be a better fit for your business.
Why Do We Need Bookkeeping?
Financial Reports Measure Performance Of Your Business
Enables The Business To Manage Cashflow Efficiently
Keeps Transactions Organized
Necessary To Prepare An Accurate Business Tax Return
All Information Is At Hand When Dealing With IRS Audits, Banks, and Lenders
Why outsource your bookkeeping? Running a business can come with a lot of different needs. Sometimes, different aspects of the business like bookkeeping can take up important time that could have been used to create leads, generate revenue, or have some free time to invest in other aspects of the business.
Hiring an internal bookkeeper can be much more expensive than working with a firm like ours. The average spending on an internal bookkeeper can be anywhere from $30K-$60K per year. With our firm, you can hire an experienced professional for a fraction of that price.
Balance Sheet
The balance sheet gives the business owner a snapshot during a certain period of time of everything owned and owed by the business. Everything the business owns is called an asset (buildings, vehicles, equipment) and everything the business owes is called a liability (mortgages, loans, payables). It is important to have a balance sheet in order to get an accurate picture of the financial health of the company. A balance sheet is a useful way to view the assets and liabilities in one place and determine how much equity (ownership) the owner has.
Income Statement
The income statement, or the profit and loss statement, keeps track of all income and expenses for a certain period of time. At the end of every month a statement gets created to show the performance of the business for that time period. The income statement gives the owner a clear picture of the money coming in and out of the business giving them the opportunity to plan, analyze their financial performance, and compare their metrics to other months.