Small Business Accounting
a small 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 BHGP&S can do the following things for you:
- Reconcile your bank account
Reconciling business checking accounts each month allows us to keep your bank account, accounting, and taxes up-to-date.
- Generate an income statement
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all revenues and subtracts an itemized list of all expenses to come up with a profit or loss for the period.
- Generate a balance sheet
A balance sheet gives you a snapshot of the business’ financial condition at a specific moment in time. Balance 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.
- Clean up your general ledger
The general ledger is the core of company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a general ledger problem throws off all your books. Having us review the 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.
- Provide unlimited consultations
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. So please feel free to call us whenever you have a question or concern.
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.