Small Business Accounting

As a small business owner you have more important things to do than to be your own accountant. We can take care of your accounting for you, so you can get back to the job of running your business and generating profits!

We provide the following accounting/bookkeeping services to our business clients in Charleston, Mt. Pleasant, Daniel Island and throughout the Lowcountry:

 
Bank Reconciliation

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

Having us reconcile your account each month allows you to...

• Identify lost checks, lost deposits,and  unauthorized wire transactions.
   
• Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
   
• Manage your cash more effectively. 

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to determine a profit or loss for the period.

An income statement allows you to...

• Track revenues and expenses so that you can determine the operating performance of your business.
   
• Determine what areas of your business are over-budget or under-budget.
   
• Identify specific items that are causing unexpected expenditures.
   
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
   
• Determine your income tax liability and prepare an accurate tax return.

 
Balance Sheet

A balance sheet gives you a snapshot of your business' 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 business.
   
• Identify and analyze trends, particularly in the area of receivables and payables. 
   
• Determine if your business is in a position to expand.
   
• Determine if your 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.

 
Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your accounting.

Having an accountant review your general ledger system each month allows you to hunt down any discrepancies such as double billings or any unrecorded payments. Then you can fix the discrepancies so your books are always accurate and kept in tip top shape.

 
Unlimited Consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Please feel free to call us whenever you have a question or concern.