North Aurora Small Business Accounting Services

Jones, Savarese, Harrington & Company is here to help your company with North Aurora small business accounting services. Instead of focusing on your books, we allow you to focus on what’s important—your customers. We take care of the bookkeeping for you and ensure your company has a solid financial foundation.

Each month or quarter we’ll do the following things to keep your North Aurora 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

Our accountants want to see you reach your business its fullest potential. We can help your North Aurora company set financial goals and formulate a strategy to achieve them. With Jones, Savarese, Harrington on your side, you will have a reputable company with decades of accounting expertise working towards the next step along your business journey.

North Aurora Small Business Accounting Services

Jones, Savarese, Harrington & Company is here to help your company with North Aurora small business accounting services. Instead of focusing on your books, we allow you to focus on what’s important—your customers. We take care of the bookkeeping for you and ensure your company has a solid financial foundation.

Each month or quarter we’ll do the following things to keep your North Aurora 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

Our accountants want to see you reach your business its fullest potential. We can help your North Aurora company set financial goals and formulate a strategy to achieve them. With Jones, Savarese, Harrington on your side, you will have a reputable company with decades of accounting expertise working towards the next step along your business journey.

Bank Reconciliation

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

Having us reconcile your North Aurora 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 North Aurora bank

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

Jones, Savarese, Harrington & Company is dedicated to making you a well-informed business owner. We want to make sure you know whether you’re turning a profit or suffering a loss. An income statement, otherwise known as a profit and loss statement, essentially 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 allowing you to determine the operating performance of your North Aurora business

  • Determine what areas of your North Aurora 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 North Aurora company’s financial condition at a specific moment in time.

A balance sheet helps you:

  • uickly get a handle on the financial strength and capabilities of your North Aurora 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 North Aurora business is in a position to expand

  • Determine if your North Aurora 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 North Aurora 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 North Aurora small business.

Maintaining a Clean General Ledger

A clean general ledger is vital to your North Aurora business. This constitutes all of your company’s financial accounting records. Every transaction, both income and expenses, flow through the general ledger. In other words, if your North Aurora company has a problem with your general ledger, you have a major issue on your hands.

Our skilled accountants can review your North Aurora 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

Ready to talk?

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

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