Small Business Accounting

Expert in Business Planning and Accounting and Tax Resolution

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HOW IT WORKS

Small Business Accounting BOOKKEEPING SERVICES

Our professional bookkeeping services will get your books in order, Guaranteed! No need to hire your own staff bookkeeper. Think of us as your own bookkeeping and accounting department.
We offer a full range of bookkeeping services. Do you need a bookkeeper on-site? No problem. We offer bookkeeping both remotely and on-site. Weekly, monthly, quarterly, or yearly, our complete accounting services are designed to free up your valuable time so you can focus on your business.
Whatever bookkeeping task you need you can count on us to do it all:

  • Accounts Payable
  • Accounts Receivable
  • Invoicing/Billing
  • Bank Reconciliation
  • Financial Reports and Statements
Small Business SERVICES

HOW WE CAN HELP YOU WITH SMALL BUSINESS ACCOUNTING

Our expertise in the area of accounting and financial reporting will help you make an informed decision for the betterment of your business. We are equipped with modern tools and techniques to cater to your varying needs. Our service includes daily bookkeeping functions as well as monthly and annual reporting activities.

ACCOUNTS RECEIVABLE

Accounts receivables reports for collection and cash flow management are prepared and delivered to you on a schedule of your choice. Finance charges can be assessed on overdue invoices based on your company’s payment terms and conditions. And statements can be initiated and transmitted on a schedule of your choice.

ACCOUNTS PAYABLE

Once you send the invoices you received from vendors, we will record those and take steps to pay them back on a schedule determined by you. At the end of a period, we will email you a report of all open vendor invoices to give you an idea of what is outstanding. Your bookkeeper can then set up the requested bill payment checks in your accounting file. However, you will maintain full control over your funds.

CASH RECEIPTS

Cash deposits or payments always follow cash receipts. Once cash is received, we will take on the responsibility of recording deposits to the banks or payments to the vendors. We will take your customer cash payments to expedite cash receipts.

PAYROLL SERVICES

In the area of payroll, we help you either to processes payroll or to make necessary entries to record payroll processed by a third-party provider. In either case, payroll entries will include complete recording of:

  • Gross Wages
  • Employer taxes 
  • Payroll expenses
  • Payroll liabilities
  • Quarterly and annual reconciliation of general ledger balances to payroll returns.

BANKING ACTIVITIES

As part of our responsibility, we will update your banking activity daily in your accounting file. You will always know your available cash balance. Bank account balance notifications and cash receipts and disbursement reports can be emailed to you daily, weekly, or monthly, as desired.

BANK RECONCILIATION

Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date. Having us reconcile your account each month will enable 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 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.

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. We can provide specialist help in preparing an income statement, which would allow 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.

BALANCE SHEET

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. Our knowledge, combined with your experience, would enable us to prepare a balance sheet that would help you to:

  • 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.
  • Determine if your business is in a position to expand.
  • 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.

Schedule An Appointment for your desired services

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Adress

55 6th Road suite 07
Woburn, MA 01801

Email

simon@simonsabircpa.com

Call or Text

(781) 477- 4272

Fax

888-508-6019
800-708-7519

Hours

Mon-Thu: 10am – 4pm
Sat-Sun: Closed