X

Accountant | Accounting for business | Clearwater

 

 

BUSINESS ACCOUNTING

Professional Accountant Providing expertise in Accounting, Tax Services, Payroll

Having a professional accountant is a great benefit. If you are running a business and obtaining customers/clients, then generating profits should be a priority!. This becomes more difficult if you have the worry of taking care of the books and your accounting matters. We provide assistance to businesses in the areas of accounting and payroll which enables you to focus more on your business.

 

Monthly or Quarterly Accounting Services. Our services include:

 

Our accounting services can provide reconciliation of your business accounts; which refers to “proving out” cash. This is the process of verifying that your books and business accounts compares to your bank’s records. Your accounting records should reflect your bank statements. We help in rectifying any issues with your accounts and statements that could be problematic when balancing your accounting records. Reconciling your account may include utilities, rent, and other costs  your business may incur.

A balance sheet is a crucial function in any business. It is one of the most important financial statements used by accountants and businesses. The balance sheet illustrates the financial position of a business at the end of a specified date. This measures the company’s financial position at each moment and informs other interested parties including creditors, auditors, etc., and  property a business owns and its debt. This is particularly important for a business in assisting creditors and banks to determine qualifications for loans or credits. Potential investors, management, vendors, and many others, use balance sheets to qualify a business.

A balance sheet can be beneficial to your business in several ways:

  • Defining steps needed to aid in increasing cash flows.
  • Establishing the strengths and weaknesses of your business and where improvements are needed.
  • Verifying your business’s financial position to determine if it is in a stable position for expansion.
  • Uncovering financial trends otherwise unnoticed and problematic to your business.

Our accountant will provide your business with balance sheets and income statements. These are the most basic yet crucial elements in maintaining your financial reports. These documents are used by creditors, vendors and investors to qualify a business for credit. Tax auditors may also use this in ensuring your filings are accurate.

Our accountant will generate a list of income statements which is your itemized list of revenues and expenses. These documents assist in determining profit and loss. Income statements help businesses in recognizing the following:

  • Revenues and expenses that help determine business performances in all areas and recognize area needing improvement.
  • Identify specific expenditures: phones, utilities, supplies.
  • Determine income tax liabilities.

Income statements go hand-in-hand with balance sheets. When completed correctly they lessen the burden on business and assist in identifying and understanding where the business stands financially.

Having an expert accountant is profitable for your business. They will ensure all statements are accurate and proper deductions are listed.

 

CALL TODAY! (727) 389-6612

Speak with an Accounting Solutions professional to see how we can help your business!