Most Small Business Owners admit to not knowing enough about bookkeeping. With business owners feeling like this, accounting services are more crucial than ever
Small to medium businesses make up 99% of global companies. We assist with tax filing and support, business consulting, payroll, accounts payable and receivable, payroll, and cash flow.
57% of accountants find technology literacy to be the most critical additional skill for the future of the field. We offer more skills than bookkeeping: We incorporate Software & Cloud Technology in our Book Keeping Services
The inventor of bubble gum was an Accountant! In 1928, an accountant named Walter E. Diemer managed to invent bubble gum by conducting experiments with gum recipes. The first created bubble gum was colored pink because that was the only food coloring available to him.
Accounting plays a vital role in running a business
We help you track income and expenditures, ensure statutory compliance, provide investors, management, and government with quantitative financial information which can be used in making business decisions.
What We Do
Your financial records reflect the results of operations as well as the financial position of your small business or corporation. In other words, they help you understand what’s going on with your business financially. Not only will clean and up to date records help you keep track of expenses, gross margin, and possible debt, but it will help you compare your current data with the previous accounting records and allocate your budget appropriately.
Laws and regulations vary from state to state, but proper accounting systems and processes will help you ensure statutory compliance when it comes to your business.
The accounting function will ensure that liabilities such as sales tax, VAT, income tax, and pension funds, to name a few, are appropriately addressed.
Budgeting and future projections can make or break a business, and your financial records will play a crucial role when it comes to it.
Business trends and projections are based on historical financial data to keep your operations profitable. This financial data is most appropriate when provided by well-structured accounting processes.
Businesses are required to file their financial statements with the Registrar of Companies. Listed entities are required to file them with stock exchanges, as well as for direct and indirect tax filing purposes. Needless to say, accounting plays a critical role in all these scenarios.
There are three key financial statements generated by your records:
1. The income statement provides you with information about the profit and loss
2. The balance sheet gives you a clear picture on the financial position of your business on a particular date.
3. The cash flow statement is a bridge between the income statement and balance sheet and reports the cash generated and spent during a specific period of time.
It is critical you keep your financial records clean and up to date if you want to keep your business afloat. We help your Business, big or small to keep proper records