Professional Bookkeeping Services

As a small to medium size business owner, you have more important things to do than to keep your own books. Let us do it for you! Our bookkeeping services are both in-house and off-site, at your business or residence either on a weekly, bi-weekly, monthly, quarterly basis or annual basis with our own software or with your Quickbooks software.

Each month, quarter or annual, we will perform the following services for you:

These tasks form the solid foundation of your small to medium 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.

Bank Reconciliations

Reconciling your business checking accounts allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your accounts allows you to:

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess and unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really unless all accounts are reconciled and properly accounted for on your financial statements.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crimes does exist.
  • 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.

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Income Statement Preparation

An income statement, otherwise known as a profit and loss statement (P & L), 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 any given period.

A professionally prepared income statements 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. eg, telephone, fax, mail, or office supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

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Balance Sheet Preparation

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

A professionally prepared 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 Accounts Receivables and Accounts Payables.
  • 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.

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Maintaining a Perfect 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 regularily allows us to find any discrepancies such as misposted items, unrecorded payments and so on.

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Unlimited Consultations

We are always available to spend time with you, so feel free to contact us whenever you have a question or concern about your accounting, tax or financial planning needs.

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Certified Public Accountants | 1200 Bustleton Pike | Suite 3 | Feasterville, PA 19053 | 215-322-2664 | Site Map