318.629.6266 info@shreveportcfo.com
As 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 we'll do the following things for you...
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, financial planning, or any of our other services. Outsourcing your accounting can save you time and money!
We will enter vendor bills and prepare payments for your review, or we can train you to properly enter your vendor bills and prepare checks to send out.
We will prepare your customer invoices for you and record all customer payments to the appropriate invoices. If you prefer to prepare your customer invoices, we will review and train you to prepare them. We can also train you to record all customer receipts and apply to the appropriate invoices.
We will set up your sales tax items to track the taxes collected for each of your tax agencies. We will prepare reports to those agencies for your review and release.
Reconciling your business checking account each month keeps your bank account, accounting, and taxes up-to-date. We will reconcile your bank account(s) each month as well as prepare a reconciliation report.
Having us reconcile your account each month allows you to...
We will generate an income statement each month for your review. This report, 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...
We will generate a Balance Sheet for you each month. This report gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you...
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.
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.
We are not in the business of income tax preparation and accordingly, we do not calculate income taxes, depreciation, or other tax return information. However, we can recommend tax professionals to meet the needs of your business.