Bookkeeping

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To avoid forgetting important monthly tasks, create a small business accounting checklist. Bank statement reconciliation ensures that your bank statement and books are in sync. If you don’t during april the production department reconcile your accounts, you’ll waste more time and money correcting errors. There are expenses that are due but have not been paid

You are currently in the phase of bookkeeping known to accountants as creating a trial balance. This lets you know if there are any errors in your record-keeping, which you can fix now rather than at the end of the year when it’s more difficult to do so. Since most banks allow you to download

The beginning retained earnings figure is required to calculate the current earnings for any given accounting period. Lenders are interested in knowing the company’s ability to honor its debt obligations in the future. Lenders want to lend to established and profitable companies that retain some of their reported earnings for future use. Even if the

We can help evaluate state tax matters with an income tax nexus analysis and explore state and local tax incentives. We can assist with financial projections; business valuations; calculation of value; financial statement audit, review, and compilations; and due diligence, including quality of earnings reporting. Our experts can also advise on estate and succession planning, transactions,

For example, if a company incurs expenses in December for a service that will be received in January, the expenses would be recorded in December, when they were incurred. Let’s pause here for a moment for an explanation of what happened “behind the scenes” when you made your insurance payment on Dec. 17. When you

A company will be able to quickly assess whether it has borrowed too much money, whether the assets it owns are not liquid enough, or whether it has enough cash on hand to meet current demands. The drawings account is helpful in tracking the total amount of capital withdrawn from the business for personal use.

You’ll have open communications and access to your team who are committed to serving as a seamless extension of your organization, helping you realize your vision and strategy, in a capacity that we’ll define together. A growing reliance on technology that’s becoming increasingly complex has made it difficult for leaders to attract and retain the