General Accounting

Businesses that follow tight accounting principles are healthier and more profitable since every aspect of the business is closely monitored. Every financial transaction must be entered into the ledgers in a timely manner to provide the most accurate picture for decision makers. When a business has not been operating for very long, certain accounting procedures must be implemented quickly to support the daily business activities. Our firm is able to provide the guidance necessary to establish basic procedures that can be adapted as the company grows. In addition to basic accounting, the following bookkeeping services are available:

  • Transaction Entry – Every deposit, invoice, bill and depreciation expense will be entered into the appropriate ledger. Accuracy is the key to maintaining the books that will provide valuable information to the decision makers.
  • Bank Statement Reconciliation – All banking activities will be tracked to monitor checking accounts, outstanding loans and notes to ensure that both entities have accurate records.
  • Bill Payment – On-time bill payments are important to sustain positive relationships with creditors and partners. Healthy cash flow is required to have sufficient funds to pay bills in a timely manner.
  • Monthly Tax Reporting – External entities, such as tax authorities, require certain forms to be filed for sales and use taxes. These efforts can be cumbersome and mistakes can result in fines. Accurate reporting can be achieved with some training and experience.
  • Financial Statements – Reports that are generated monthly, quarterly and annually are essential to the monitoring activities that must be conducted on a regular basis. Since all transactions are entered in a timely manner, reports will be ready when requested for immediate review.
  • Annual Tax Forms – Preparation of 1099 and 1098 tax forms needed by suppliers and others will be completed accurately and with sufficient lead time to allow for verification. This important activity is part of the effort to present a professional image for every client.

Many smaller companies use our bookkeeping services to augment their staff until their firm is large enough to support full-time accounting professionals. Clients are supported with the same care provided in every other area of the business. Attention to detail separates our efforts from the firms that promise but fail to deliver. All requests for information are completed with a willing spirit that is meant to convey partnership to every client. Special requests are part of the partnership because the client’s success translates into our success.