Bartlett Small Business Accounting Services
Jones, Savarese, Harrington & Company is dedicated to providing Bartlett clients with consistent accounting expertise. We are ready to help your Bartlett business set financial goals and create a plan to achieve them. With our Bartlett small business accounting services, our staff can handle every aspect of your small business’s finances. We worry about your financial accounting so you can focus on your business, not the books.
Each month or quarter we’ll do the following things to keep your Barlett small business running at peak performance:
Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide unlimited consultations
We aim to continually grow your business by setting and reaching your financial goals. Jones, Savarese, Harrington & Company has a superb reputation as a Bartlett business advisor. It’s a reputation that we’ve worked hard for. As the leading choice for CPAS in Bartlett, we will provide personalized attention and ensure we devise the best plan for your Bartlett business.
Bartlett Small Business Accounting Services
Jones, Savarese, Harrington & Company is dedicated to providing Bartlett clients with consistent accounting expertise. We are ready to help your Bartlett business set financial goals and create a plan to achieve them. With our Bartlett small business accounting services, our staff can handle every aspect of your small business’s finances. We worry about your financial accounting so you can focus on your business, not the books.
Each month or quarter we’ll do the following things to keep your Naperville small business running at peak performance:
Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide unlimited consultations
We aim to continually grow your business by setting and reaching your financial goals. Jones, Savarese, Harrington & Company has a superb reputation as a Bartlett business advisor. It’s a reputation that we’ve worked hard for. As the leading choice for CPAS in Bartlett, we will provide personalized attention and ensure we devise the best plan for your Bartlett business.
Bartlett Bank Reconciliation
Reconciling your Bartlett business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date.
Having us reconcile your Bartlett small business 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 Bartlett bank
Stay informed of how your Bartlett business is doing, by properly balancing and reconciling all accounts
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 Bartlett bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your Bartlett agency of responsibility for the shortfall and transfer the risk to the bank.
Enjoy the peace of mind knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.
Bartlett Small Business Income Statement
Income is what fuels your Bartlett business. While it may seem intuitive, do you really know how much your business is bringing in each money? An income statement, otherwise known as a profit and loss statement, is an itemized list of your revenues and expenses. With these itemized transactions in place, the accountants at Jones, Savarese, Harrington can determine a profit or loss for the period.
An income statement allows you to:
Track revenues and expenses allowing you to determine the operating performance of your Bartlett business
Determine what areas of your Bartlett business are over-budget or under-budget
Identify specific items that are causing unexpected expenditures: For example, unexpected 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
Bartlett Small Business Balance Sheet
A balance sheet gives you a snapshot of your Bartlett company’s 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 Bartlett business
Identify and analyze trends, particularly in the area of receivables and payables: For example, if your receivables cycle is lengthening, you may consider implementing a policy to collect your receivables more aggressively.
Determine if your Bartlett business is in a position to expand
Determine if your Bartlett 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 Bartlett 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 your Bartlett small business.
Maintaining a Clean General Ledger
Think of your general ledger as the foundation of your central “books” system. This is the core of your Bartlett company’s financial accounting records. Every transaction flows through the general ledger, both income and expenses. If there’s a problem with your general ledger, your entire accounting approach is thrown off.
Having Jones, Savarese, Harrington & Company 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. This process is also vital for your tax accounting and will greatly assist with overall tax prep and tax filing each year.
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