Congratulations! You've made the decision to start your own business. Nothing can be more exciting or rewarding that starting your own business and watching it grow as you successfully deliver your service or product. On the flip side, starting and running your own business can also be overwhelming as you begin to navigate all of the requirements to comply with the laws of your respective jurisdiction(s). We have helped numerous individuals in their Start-Up phase as they get properly registered with their taxing jurisdictions. We will ensure that you are properly licensed with the IRS, the state, and any other local jurisdictions so you can focus on running your business and not on your filing requirements.
Below are just some of the typical services we provide to assist you in the Business Formation stage of your endeavor:
As a business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.
Each month or quarter we'll do the following things for you...
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to...
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...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
determine if your business has been slowing down payables to forestall an inevitable cash shortageBalance 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.
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.