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Bookkeeping Services

Small business accounting tasks are the foundation for reliable and solid financial statements. We pay meticulous attention to these tasks, so nothing out of the ordinary is overlooked and your books are on solid footing. Services in this area include:

  • Bank Reconciliation performed timely and reviewed properly keeps the bank account, financial books and taxes current. The reconciliation process identifies lost checks, lost deposits and unauthorized wire transactions. Furthermore, a properly reviewed reconciliation will detect and prevent further embezzlement of funds and unjustified bank charges. It ensures transactions are posted correctly by your bank and allows business owners to manage cash effectively. Keeping a pulse on your financial business matters is only possible if you know all accounts are reconciled and properly accounted for.
  • General Ledger Review exposes discrepancies in your financial records. The general ledger is the heart of your company’s financial records and, similar to a heart, every transactions flows through the general ledger. Needless to say, a problem with your general ledger throws off all your financial records. Discrepancies commonly found include double billings, unrecorded payments, transactions posted to incorrect accounts and missing transactions. We work with the business owner to fix the discrepancies, improve the financial controls and ensure your financial records are well maintained.
  • Financial Statements include an income statement and balance sheet for internal management review. An income statement lists of all your revenues and subtracts a list of all your expenses to come up with a profit (loss) for a specified period of time. A balance sheet gives you a snapshot of your business’ financial condition at a specific point in time. Each statement is important in running your business.

A review of your business’ income statement prompts you to…

  • Track revenues and expenses so that you can determine the operating performance of your business
  • Compare actual results to expectations and budget, and respond as necessary
  • Determine your income tax liability

Whereas, a review of your business’ balance sheet focuses your attention on…

  • the financial strength and capabilities of your business
  • trends such as in receivables and payables
  • handling the normal financial ebbs and flows of revenues and expenses
  • cash balances and adequacy thereof
  • QuickBooks Consulting comes in handy when changes need to be made, but you need your focus to remain on running the business. QuickBooks Consulting is typically unique for each business’ situation; however a few examples include:
  • Initial set up for new businesses
  • Chart of accounts and/or records need a review and clean up
  • Customizing the software to properly reflect your management reporting needs

As a small business owner you have more important things to do than the tedious job of keeping up your own books. Instead, we take care of this for you, so you can get back to the important job of running your business and generating profits. Set a consult with Business Matters today to see how these services can help your small business.