While a clean set of books is a key objective for every accountant, it’s also important to match the accounting records with the monthly bank statements. Our bank reconciliation services ensure that every deposit and withdrawal aligns with entries into your accounting records. This assessment enables us to identify lost deposits, lost checks, unauthorized transactions, and inappropriate bank fees. It triggers investigation into any fraudulent activity (identity theft, forgery, embezzlement, etc.), and expedites restitution. And it gives you a clearer picture of your cash position for addressing planned outlays and investments.

We can prepare a complete set of financial statements to help you assess the health of your business. This package includes:

• A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end

• An Income Statement (a.k.a. Profit and Loss Statement) that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business

• A Comparison of Actual Performance to Budget so you can identify trouble spots in your revenue stream or spending patterns

• A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash

• Estimated tax liabilities

Our analysis of your financial statements helps you frame strategic initiatives (e.g., business expansion, acquisition) as well as tactical plans (e.g., accounts receivable and accounts payable management). Professionally prepared financial statements are also an essential resource when dealing with creditors (e.g., vendors, banks) and investors.

When you use our professional accounting services, you get more than a collection of records and reports. You get the benefit of our skills, experience, and expertise. We’re happy to invest the time to make sure that you understand and utilize all of the information we provide. Call us whenever you have a question or concern.

Managing the employee payroll is not a simple matter of calculating the amounts due, writing checks, and handing them out. There’s a host of government reporting and recording keeping requirements that comes with the job. And there are adverse consequences if you get it wrong.

There are 5 good reasons for outsourcing this function:

• You’ll save money by letting the experts attend to the task efficiency and accurately.

• You’ll avoid penalties associated with payroll tax calculation errors or missed filing deadlines.

• We’ll handle employee questions and concerns, and research any issues they uncover.

• You’ll receive comprehensive reporting to help manage your business and attend to any special requirements.

• You’ll gain valuable time to focus on running your business.

We offer three payroll service options to meet the needs of different business owners and non-profit clients. All three services include:

• Vacation, sick, and personal day accruals and tracking

• IRS and State tax reporting plus Electronic Federal Tax Payment System (EFTPS) deposits

• Monthly, quarterly, and annual payroll tax reports

• New hire file creation and reporting

• W-2, W-3, and 1099 preparation

The service option you choose defines how payments are processed:

• Comprehensive Payroll Processing Service:We manage the secure check processing and direct deposits

• After-the-Fact Payroll Service: You process all of the payments, and we post your payroll records and information into our data system and handle all of the other payroll functions.

• Online Payroll Processing: We provide access to our payroll system to enable you to enter employee hours and earnings. You print the payroll checks on your printer, and we process the direct deposits.

We can also provide ad hoc services, such as:

• Worker's Compensation Audits

• Unemployment Claims

• Social Security Audits

• Child Support Audits

• Federal and State registration

Are you thinking of joining the ranks of small business owners? Along with a great idea and strong sense of the market you’ll serve, you’ll need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.

We can help you:

• Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget

• Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability

• Develop partnership agreements, as needed, to avoid financial and/or emotional trauma downstream

• Prepare and file all required state and local licenses and permits.

• Make application for your Federal Employer Identification Number.

• Identify start-up capital needs and available resources to address them

• Examine your borrowing power and provide coaching on how to cultivate a mutually beneficial banking relationship

• Identify your business insurance needs

• Select the right accounting software and establish the appropriate chart of accounts

• Establish billing and collection procedures to maximize your cash flow

• Establish procedures to monitor and control costs

• Provide payroll and payroll tax filing when and if you hire employees

We’re eager to get your business off to a good start.

We help you establish appropriate internal controls to ensure proper handling of resources and guard against employee theft. Some best practices include:

• Segregating duties across multiple individuals to minimize exposure to error and inappropriate behavior

• Establishing lines of authority and the associated processes for transaction approval

• Assigning responsibility for periodic review and reconciliation of financial records by someone who was not involved in executing transactions or preparing statements

• Scheduling periodic manual counts of equipment, inventory, and other tangible property to ensure alignment with the accounting records

• Documenting policies and procedures as guideposts for your employees’ day-to-day activities

• Training employees on their respective job duties and establishing appropriate levels of ongoing supervision

• Reviewing operations to ascertain whether results are consistent with established goals, objectives, and protocols