As a small business owner you have more important things to do than to keep your own books. We'll take care of your books for you, so you can get back to the job of running your business and generating profits!

 

KBCPA will do the following things for you...

 

      ·  Reconcile your bank account

      ·  Generate an income statement

      ·  Generate a balance sheet

      ·  Clean up your general ledger

 

These tasks form the solid foundation of your small business accounting system.

 

 
Bank Reconciliation

 

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

 

Having KBCPA 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 ensure  transactions are posted correctly by your bank.

      · Detect amd [revemt 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.

 

 Income Statement

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 busines

        ·  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?
 
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.