Understanding your financial statements is one of the most important skills you can develop to help your small business. If you're looking for...
If you maintain an ending balance, your Bank Reconciliation will include any adjustments you need to make. When you receive your bank...
After entering all transactions for the month, you will need to send us your QuickBooks file. Please do not make any changes to prior periods after...
We use a standard chart of accounts that can be modified to fit your individual needs.
If you are using a manual bookkeeping system, we will have...
Bank statements, all cancelled checks and bank deposit records should be kept for three years. Cancelled checks for taxes and contracts should be...
Electronic transactions include electronic bill payment systems and vendor generated debits to your account. Details for these transactions need to...
You must use a separate business credit card for business purchases. Do not use your personal credit card. The IRS does not approve of mixing...
If you are an accrual basis taxpayer or need accounts payable listed on your financial statements for your bank, you must provide us with a list of...
Expense reports are used to account for and record business expenses paid personally. This would include business expenses paid by personal cash,...
If your corporation owns the vehicle that you drive, then the corporation should pay all expenses on the vehicle, including gas, oil, repairs,...
Entertainment expenses incurred to entertain a client, customer, or employee may be deductible if the expense meets two tests. First, the...
Items purchased that have over one year of useful life and are over $_____ in value are typically considered depreciable assets. This includes such...
