Bookkeeping & Accounting
Business Owners Package
Financial, accounting and tax consultations are all part of the Premier Accounting & Tax Business Owners Package. When we prepare your reports, we’ll use the statements as a management and planning tool:
- We’ll provide monthly input and ideas that merit your review and discussion
- We’ll identify trends (detrimental or positive), bringing them to your attention for future planning.
- We’ll talk with you about your concerns and how Premier Accounting & Tax can help you manage your business better.
Small business bookkeeping services include:
Monthly Operating Statement : This gives you a monthly breakdown of sales, cost of sales and expenses (profit and loss) for the previous month, along with a total for all the months of the year to date. And, if the information is available, we also add a comparison of both to the same period of the prior year. Percentages will help you compare performance and spot problem areas so you can take immediate action.
Operating Statement Performance Graphs : Our financial statements package also includes our unique, easy-to-understand performance graphs, developed from the financial information in your operating statement. The performance graph gives you a concise visual picture of the trends in your business. The line graph presents a two year comparison of sales for the current year and previous year. The pie chart shows key fiscal year-to-date expenses, and the bar graph presents your total sales, expenses and profit margin for the year in a monthly breakdown.
A Balance Sheet is available when needed. It summarizes your total business assets, liabilities and net worth at a given point in time so you can make decisions about capital expenditures or how to improve profits.
Bank Reconciliation : By arrangement with your bank, your canceled checks and bank statement will be sent directly to our office. We’ll immediately balance the account, sending this form to you indicating if and why you need to correct your check stub balance.
Statement of Cash Flow: Provided so you can relate the bottom line to cash flow. You may wonder why you have profit that does not equal cash! This statement shows expense items that affect the operating Statement but don’t affect cash (such as depreciation). It also shows expenditures that affect cash but don’t affect the operating Statement, (such as note payments and draws).
Payroll Register: This provides a detailed account of each employee’s payroll and deductions with a total for each, by the month, quarter-to-date and year-to-date. It shows the totals for the entire payroll for the same periods. We need these records in order to prepare the payroll taxes (941, Federal and State unemployment, and W-2 forms) which we’ll provide for your review before the filing dates. We also keep track of each vendor needing a 1099 at the end of the year.
Detail General Ledger: This provides a record of the dates, check numbers, payees and amounts of all expenses within each of your business accounts. Whether you prepare your records and handle your expenditures by hand, or use one of the easy-to-use computerized accounting systems such as our Professional Business Manager or Quickbooks® , this ledger will provide you with the assurance that your reports have been properly prepared.
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