Small Business Accounting
No matter what size business you may have, your time would be better spent doing business than keeping the books. Let the small business experts at Kelly & Small take care of all your business bookkeeping needs so you can do what you do best: generating income.
Kelly & Small can perform the following services for you on a monthly or quarterly basis:
Our small business customers often customize their regular package of services provided by Kelly & Small to include such additional services as payrool, tax planning, tax preparation, and any of our other services. Ask us how we can best serve your business.
* While your bookkeeper is most likely proficient at his/her job, a review by Kelly & Small can make sure your business is taking full financial advantage of all available accounting and regulatory options.
By reconciling your business checking account each month, Kelly & Small is able to better keep your bank accounts, tax information and accounting complete, accurate and up-to-date.
Monthly reconciliation by Kelly & Small lets you:
An income state, also known as a profit and loss statement, totals up an itemized list of all your revenues, then subtracts another itemized list of all your businesses expenses to determine a profit or loss for the period.
An Income Statement prepared by Kelly & Small lets you:
A well-prepared balance sheet provides a "snapshot" of your business' financial condition at a specific moment in your fiscal year. You can:
Let Kelly & Small show you how well-maintained and structured Balance Sheets, Income Statements and other basic financial reporting elements can make a significant difference in the way your business is seen by others. This is especially important when considering the impact to banks, investors, and vendors who may be considering how much credit risk to assign to you.
Maintaining a Clean General Ledger
As the core or central "books" of your company's financial records which every transaction must flow through, the General Ledger must be accurate and up to date. A problem here is a problem with all other books involving your business.
Kelly & Small monitors the General Ledgers of many small business clients in order to track discrepancies including double billings or any unrecorded payments. We correct any and all discrepancies so clients' books are constantly maintained in the most accurate state possible.
Review and oversight of your financial data is a critical control for any size business. Kelly & Small can play an integral part in this area by providing regular accuracy checks and setting up a routine that can help mitigate misappropriations and ensure that your business is taking advantage of all tax benefits available.
We can help:
Kelly & Small is always available to discuss all aspects of small business accounting needs and practices and to help you fully understand and utilize any and all financial information provided by us. Please do not hesitate to call us whenever you have any questions or concerns.