A complete outsourced accounting solution to maintain financial records which are used for preparing and filing tax returns each year.
Financial Analysis and Reporting
Bank Reconciliation
Budgeting and Forecasting
Sales Tax Reporting
Financial Statement Preparation
Advisory and Consulting Services
General Accounting Ledger Management
Tracking and Recording Expenditures
Bill Payment
Inventory Control
Invoicing and Collections
Employee Payments
IRS and State tax reporting
Payroll Liability Reports
Employee Benefits Tracking
New Hire Reporting
Worker Compensation Audits
Calculating Income
Claiming Deductions and Credits
Reporting Capital Gains and Losses
E-Filing or Mailing Tax Returns
Paying Taxes Owed or Receiving Refunds
Estimated Tax Payments
These financial statements are essential for assessing a company's financial health, performance, and profitability.
Income Statement (Profit and Loss Statement): It shows a company's revenues, expenses, and net income over a specific period. It starts with revenue, subtracts expenses, and calculates the net income or loss.
Balance Sheet: It provides a snapshot of a company's financial position at a specific point in time. It includes assets (what the company owns), liabilities (what the company owes), and shareholders' equity (the difference between assets and liabilities).
Cash Flow Statement: It presents the inflows and outflows of cash and cash equivalents during a specific period. It categorizes cash flows into operating activities, investing activities, and financing activities, giving insights into a company's liquidity and cash management.
