Small Business Accounting

1. 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...

   • Reconcile your bank account
   • Generate an income statement 
   • Generate a balance sheet
   • Clean up your general ledger
   • Provide unlimited consultations

   These tasks form the solid foundation of your small 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.

    Online Accounting to accomplish your accounting needs

    

   Unlike any other accounting systems, Accounting Relief lets us work with you as a team—a simple transformation offering far-reaching benefits you can’t afford to miss.

   What can you expect:

   • Simplify your finances with a system designed just for you.
   • Whatever your needs, we’ll design a financial management system just for you.
   • If you want to shield yourself from all the details of accounting, we’ll set up a system that’s as simple as writing checks and entering deposit slips—while we do everything else behind the scenes for you.
   • If you require a full-blown accounting system with accounts receivable, accounts payable, bank reconciliation, and more - that’s what you’ll get. And we’ll modify the system for you as your needs change.

   With Accounting Relief you’re never burdened by unwanted features that make your bookkeeping complex and time-consuming. Instead, you get a financial management system that’s simple, efficient, and fun to use.  

   • Don’t work all by yourself. Work with us, with our full support. Accounting Relief is a unified system that lets us work collaboratively as a team. By working closely with you, we can be more vigilant in identifying any difficulties you might be experiencing while using the system, so we can correct the situation immediately. 
      
   • Work from anywhere, any time. Because Accounting Relief is web-based, you can access it anywhere an Internet connection is available. Assessible 24X7.

   What about security & Privacy? 
   Ensuring the security and privacy of your data is paramount to us. The system uses one of the most sophisticated security systems available today—128-bit SSL encryption, the same encryption protocol that banks, financial institutions, and governments use to encrypt and transmit data. To prevent unauthorized access, the servers are firewall-protected and monitored with sophisticated intrusion detection devices. Furthermore, to make sure your data files are physically safe, servers are located in a highly-secure data center facility with a high level of hardware redundancy.
   
   Watch our Demo of Online Accounting Relief:

   • Accounting Relief Information Video: Time = Approx. 5 min. 

   Top 7 Reasons to use Accounting Relief
     

   1. Simplify your finances with a system designed just for you.
   2. Don't work all by yourself. Work with us, with our full support.
   3. Never again hassle with maintaining an in-house accounting system.
   4. Manage your cash flow effectively.
   5. Work from anywhere, any time.
   6. 6. Eliminate the nuisance of getting your accounting data to us.
   7. Never worry about losing your crucial accounting data.

 By investing just a little time at the start, you’ll save a lot of time later, and help yourself manage your business finances more efficiently than ever.

And if you have any questions, you’ll receive the same timely and courteous personal support from our firm as you always have. 

 
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 excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
   
• Detect and prevent embezzlement of funds from within your company.
   
• Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
   
• Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
   
• Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
   
• Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

An income statement, 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...

• Track revenues and expenses so that you can determine the operating performance of your business.
   
• Determine what areas of your business are over-budget or under-budget.
   
• Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
   
• 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 your business' financial condition at a specific moment in time.

A balance sheet helps you...

• Quickly get a handle on the financial strength and capabilities of your business.
   
• Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
   
• Determine if your business is in a position to expand.
   
• 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?

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.

 
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. 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.

 
Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.