Business accounting encompasses three aspects of accounting.
Bookkeeping the daily entries of income and expenses. We consider your business type and your long term goals when organizing your Chart of Accounts so each entry in intentional and meaningful. This step is one of the most important things you can do as a business owner as it will literally set the foundation for your financial reporting and tax recording for the life of your business. We have over 25 years of experience getting this right.
Monthly accounting is the reconciliation of statements (bank, credit card, loan, and bills) to ensure your daily entries are correct and balanced. This also includes the preparation of the Profit and Loss statement, Balance Sheet, Accounts Receivables and Accounts Payable as well as the Statement of Cash Flow. These statements guide and assist you in running your business.
Forward looking planning. This aspect of accounting requires skills that can only be earned. We have over 25 years building companies so we know a thing or two about forward planning. Looking out a few quarters or a few years, setting goals and then making a course of action to achieve these goals.
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