As a small business owner or independent contractor, you may need some help with your accounting. I can help you take care of setting up a proper accounting system and keeping your books current on an ongoing basis, so you can focus on growing your business. I can also help as needed and work with your staff to train them to perform accounting related tasks more effectively.
Reconciling your bank account is important, as going through the process can help you to identify outstanding checks, so you will know what your true balance is with liabilities taken into account. Going through this process also helps you to capture any transactions that went through cash that have not been captured in your books. These transactions must be captured for your financials to be accurate. Additionally, reconciling the bank account can enable you to spot any unauthorized withdrawals or transactions on your account.
Maintaining an accurate and up-to-date ledger is key for producing reports that will show your business results properly. I can examine your ledger setup and advise you or help you implement a appropriate set of accounts to correctly classify transactions. Correct classification will simplify your financial reporting and tax processes.