Small Business Accounting

 

Most small businesses want to do their own bookkeeping, but it can be a daunting task.  We can support this critical business function by:

 

• Providing training to ensure transactions are recorded correctly.

• Reviewing financial reports throughout the year and identifying action items.

• Facilitating reconciliation of bank and credit card accounts.

• Coaching on complex matters such as inventory control.

• Helping establish policies and procedures for consistent bookkeeping and internal controls.

Bank Reconciliation

 

In the age of just downloading transactions, bank statement reconciliation is all the more important, yet is misunderstood and rarely performed any more.  So, why do it?

 

Reconciling your bank and credit card statements:

• Helps identify lost deposits and checks.
• Helps identify unauthorized transactions and inappropriate bank fees.
• Helps identify fraudulent activity like identity theft, forgery, and embezzlement.
• Helps make sure your books are accurate.

 

Payroll Processing

 

Processing payroll is far more complicated than just calculating hours and writing checks.  There is a host of routine government reporting and record-keeping requirements, too.  It's easy to get it wrong and the consequences can be painful.  There are some great reasons to outsource this function:

 

• Avoid penalties associated with late payments, late filings, and miscalculations.

• Track vacation, sick leave, and other types of paid time off.

• Electronic payment of payroll taxes.

• Direct deposit for your employees.

• Save valuable time to focus on running your business.