As a small business owner you have more important things to do than to keep your own books. We will take care of your books for you, leaving you time and energy to do what you do best.
Small Business Accounting Solutions
As a small business owner you have more important things to do than to keep your own books. We provide all of the accounting solutions your business requires, leaving you time and energy to do what you do best.
Services
Reconciliation of bank accounts
This enables us to keep your bank account(s), accounting system and taxes up-to-date. It allows us to identify lost checks and deposits as well as unauthorized transactions. You can’t know how your business is doing unless all accounts are reconciled and properly accounted for. By staying on top of your accounts, you can manage your cash more effectively. Proper management of your funds not only saves you money – it makes money for you.
Income statements
Also known as a profit and loss statement, this report tracks your revenue and expenses to help you determine the operating performance of your business. You will easily be able to spot areas of your business that are over-budget or under-budget. The income statement allows us to estimate your income tax liability, and come up with a plan to minimize your taxes.
Balance sheets
This report shows you a snapshot of your business’ assets and liabilities at a given point in time. Most importantly, this helps you to effectively manage your receivables and payables. The balance sheet and income statement are the most basic elements of financial reporting that banks, investors and vendors request when considering whether to extend you credit.
General Ledgers
This “book of accounts” contains the detail of every item of income and expense within all your business accounts. We can identify duplicate transactions or ones that are missing or mis-classified. By cleaning up your books, we will ensure that you are relying upon accurate information when making business decisions.
Payroll
Generally, we advise small businesses with more than one employee to utilize a service as it is generally the most cost-effective way to process payroll. There are a variety of services you can choose from, and we can help you find one that suits your needs.
Sales, use tax and other imposed taxes
Sales & other tax issues can be complex, and it’s often difficult to know what products and services are subject to tax. We are experts on sales tax you are required to collect or pay both within your state as well as out-of state.
Diane L. Fierstein, CPA
