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We Can
We Can
Handle the day-to-day management of accounts
Ensure that your business stays in compliance with the laws
Manage bank feeds
Handle accounts payable
Send out invoices
Manage accounts receivable
Prepare financial statements
Process payroll
Perform stocktake
Manage cash flow
Prepare books
As a small business owner, you need current and accurate financial data in order to make sound business decisions and maintain a healthy cash flow. However, when your company expands and you add more clients, vendors, and staff, keeping track of how much money comes in and out of your company becomes more complicated – and time-consuming.
Reconciliation of Bank Accounts
Reconciliation of Bank Accounts
We can keep your bank account, accounting, and taxes up to date by reconciling your business checking account each month.
Having your account reconciled by us each month helps you to...
Locate misplaced checks, deposits, and illicit wire transfers.
Excess/unjustified bank charges are detected and prevented, and transactions are posted accurately by your bank.
Detect and prevent money embezzlement within your firm.
Profit and Loss Statement
Profit and Loss Statement
A profit and loss statement, also known as an income statement, calculates a profit or loss for the period by adding an itemized list of all your revenues and subtracting an itemized list of all your expenses.
You can use an income statement to...
Keep track of your revenue and expenditure so you can assess your company's overall performance.
Determine which aspects of your company are over or under budget.
Identify the precise goods that are causing you to overspend. Expenses for phone, fax, mail, and supplies, for example.
Keep track of significant increases in product returns or the cost of products sold as a percentage of total sales.
Calculate the amount of income tax you owe.
Accounts Payable
Accounts Payable
A balance sheet is a snapshot of your company's financial situation at a certain point in time.
You can use a balance sheet to:
Get a rapid understanding of your company's financial strength and capabilities.
Discover and analyze trends, especially in the field of payables and receivables. If your receivables cycle is longer, for example, you might be able to collect your receivables more aggressively.
Evaluate whether or not your company is in a position to grow
Check to see if your company can handle the usual ebbs and flows of revenue and costs.
Decide if you need to increase your cash reserves right away.
Check to see if your company has been holding down payables to avoid a cash shortage.
The most basic aspects in presenting financial reporting to potential lenders such as banks, investors, and suppliers that are deciding how much credit to provide you are balance sheets and income statements.
Maintaining Your General Ledger
Maintaining Your General Ledger
The general ledger is the foundation of your organization's financial records. Your system's central "books" are made up of these records. Because every transaction passes via the general ledger, a malfunction with your general ledger throws your entire accounting system into disarray.
Each month, having us evaluate your general ledger system allows us to look for any irregularities, such as double billings or unrecorded payments. Then we'll correct the errors so your books are always up to date and in great shape.
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