Small Business Accounting

Call Us: (970) 241-8308

As a business owner, you have more important things to do than your own books.

"Work on your business, not in your business."  - Michael Gerber, The E-Myth

We'll take care of your books for you, so you can focus on what you do best....running your business and generating profits!

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.

Each month or quarter we'll do the following tasks for you...in the Cloud* or at your business.

These steps 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.   

*Ask us about Cloud Accounting...you'll never pay for QuickBooks programs again!!

Bank Reconciliation

Reconciling 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 excess/unjustified bank charges and ensures transactions are posted correctly by your bank
  • Know how your business is doing...all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds makes money for you.

Income Statement

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 to 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.
  • Track cost of goods sold as a percentage of sales.

Balance Sheet

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

  • Quickly get a handle on the financial strength and capabilities of your business.
  • Identify and analyze trends.
  • 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.

Maintaining a Clean General Ledger

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.

 
Consultations:  We are here for you!

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Please feel free to call us whenever you have a question or concern.