ACCOUNTING SERVICES MONTHLY ACCOUNTING SERVICESAs a small business owner, you have more important things to do than to keep your own books. We will show you how Quickbooks can take care of your books for you, so you can get back to the job of running your business and generating profits!As a monthly client, we will perform the following tasks for you on a monthly basis:Reconcile your bank accountGenerate an income statementGenerate a balance sheetClean up your general ledgerProvide unlimited consultationsThese tasks form the solid foundation of your small business accounting system.Bank ReconciliationReconciling your business checking account each month allows 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 ensure transactions are posted correctly by your bank.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.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.Income Statement An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all of your revenues and subtracts an itemized list of all of 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.Balance Sheet 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.Maintaining a Clean General LedgerThe 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 of 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. Unlimited ConsultationsWe are always available to spend time with you so you can 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.This service also includes your business and personal income taxes. You get all of your accounting, tax and consulting services in one fixed fee package. Call today to schedule an appointment or fill out the form below to email us.