Jared G. Johnson, CPA understands that as a business owner you are often times pulled in countless directions. Let us take some of that responsibility off of you. You can feel confident that while you are taking care of running your business, we are taking care of managing your books so you can focus more on your operations and profit generation.
Each month or quarter we'll do the following things for you...
These tasks form the solid foundation of your 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.
Bank Reconciliation
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...
- Identify lost checks, lost deposits and
unauthorized wire transactions
- Detect and prevent unjustified bank
charges (ensure transactions are posted correctly by your bank)
- Detect and prevent embezzlement of funds from
within your company
- Have an accurate picture of how your business is doing with properly reconciled accounts and accurate financial statements
- Proper management of funds
- Protect yourself and your business by timely reconciling and
prompt reporting to your bank with any unauthorized, fraudulent or forged
checks
- Sleep Better! You will sleep peacefully at night knowing your accounts are reconciled, in balance and
that all escrow funds, accounts, checks and disbursed funds are properly
accounted for
Income Statement
An income statement (profit and loss statement) 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...
- Track revenues and expenses
so that you can determine the operating performance of your business
- Determine which
areas of your business are over-budget or under-budget
- Identify specific items that are
causing unexpected expenditures
- Track dramatic increases in product
returns or cost of goods sold as a percentage of sales
- Determine your income tax liability
Balance Sheet
A balance sheet gives you a snapshot of the financial condition of your business at a specific moment in
time.
A balance sheet helps you...
- Quickly realize financial the financial strength and capabilities of your business
- Identify and analyze trends, particularly in the area of
receivables and payables
- Realize growth opportunities
- Determine if your business can easily handle the normal financial ebbs and flows of
revenues and expenses
- Determine if you need to take immediate steps to bolster
cash reserves
- Determine if your business has
been slowing down payables to forestall an inevitable cash shortage
**Important note: Healthy balance sheets, along with accurate 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!
Maintaining a Clean General Ledger
The general ledger is the core of your company's financial
records. These records constitute the central "books" of your
system. Because each transaction flows through the general
ledger, a problem with your general ledger can lead to inaccuracies within your entire set of books.
Having us review your general ledger system each month allows us
to locate and dispute any discrepancies such as double billings or any
unrecorded payments.
One on One Consultation
We are willing and available to spend time with you so you fully
understand how to interpret and utilize the financial
information we provide. Our routine consultations are no additional charge , so please feel free to call us 336.971.8952 whenever you have
questions or concerns.
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