Campton Hills Small Business Accounting

The qualified staff at Jones, Savarese, Harrington & Company is ready to help your Campton Hills business set financial goals and create a plan to achieve them. Our Campton Hills small business accounting services allow companies to focus on success instead of the behind-the-scenes finances. We meet the diverse needs of our Campton Hills clients every day by handling a wide array of CPA accounting services.

Each month or quarter we’ll do the following things to keep your Campton Hills 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

As leading CPAs, we want to build a solid foundation for your small business accounting system. We offer customizable services to keep your Campton Hills business operating at the tip-top financial shape.

Campton Hills Small Business Accounting

The qualified staff at Jones, Savarese, Harrington & Company is ready to help your Campton Hills business set financial goals and create a plan to achieve them. Our Campton Hills small business accounting services allow companies to focus on success instead of the behind-the-scenes finances. We meet the diverse needs of our Campton Hills clients every day by handling a wide array of CPA accounting services.

Each month or quarter we’ll do the following things to keep your Campton Hills 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

As leading CPAs, we want to build a solid foundation for your small business accounting system. We offer customizable services to keep your Campton Hills business operating at the tip-top financial shape.

Bank Reconciliation

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

Having us reconcile your Campton Hills 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 Campton Hills bank

  • Stay informed of how your Campton Hills 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 Campton Hills bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your Campton Hills 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.

Income Statement

At Jones, Savarese, Harrington & Company, our accounting staff uses our accounting expertise to discover how much of your hard-earned money is staying with your business. Our CPAs will work with you to organize an income statement, otherwise known as a profit and loss statement. This statement includes an itemized list of your revenues and expenses. We determine if your Campton Hills business has generated a profit or suffered a loss for that particular period.

An income statement allows you to:

  • Track revenues and expenses allowing you to determine the operating performance of your Campton Hills business

  • Determine what areas of your Campton Hills 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

Small Business Balance Sheet

A balance sheet gives you a snapshot of your Campton Hills 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 Campton Hills 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 Campton Hills business is in a position to expand

  • Determine if your Campton Hills 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 Campton Hills 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 Campton Hills small business.

Maintaining a Clean General Ledger

A clean general ledger constitutes all of your company’s financial records. Each transaction flows through the general ledger, both income and expenses. In other words, if your Campton Hills company has a problem with your general ledger, you have a significant issue on your hands. It is vital to any Campton Hills business.

Our skilled accountants can review your Campton Hills company’s ledger to keep your finances running in top shape. We can identify any discrepancies, such as double billings, or any unrecorded payments. From there, we’ll fix the discrepancies, so your books are always accurate and prepared for tax filing each year.

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Give us a call or email us to set up your business consultation today!

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