As a business owner, you have enough things to take care of in order to run your business instead of keeping your books. You need timely reports to make important business decision to make sure your business is on track. We can take care of your books for you so you can focus on your core business.
Zoom Accountancy, a small business accounting firm, provides best small business accounting services in Torrance. Our small business accounting services include customized small business accounting packages.
Small Business Accounting Package by Zoom Accountancy Corp:
We offer the following small business accounting services as part of our small business accounting package. You can choose the frequency of these services on a monthly, quarterly, or even yearly basis according to your business needs. Your satisfaction is guaranteed!
Income Statement:
An income statement provides a summary of your company’s revenues and expenses for a specific period of time. You can see how your company is performing and fine-tune your plans accordingly to achieve your business goals. With a timely Income Statement, you can
- Compare planned vs. actual revenue and expenses.
- Analyze sales, gross profit by product or service and see trends overtime.
- Analyze cost and pricing to make sure your company is competitive and profitable.
- See areas where your company can save operating cost without sacrificing quality and growth.
- Make important operating changes if your company is losing money or can’t meet demand due to unexpected economic environment.
Balance Sheet:
A balance sheet provides a snap shot of a business’s financial health at a specific time. Balance sheet provides important details of your company’s assets and liabilities. As a business owner, you have to closely monitor your cash, accounts receivable and liabilities balances to make sure your company will not run into any trouble. Your company can be very profitable but yet not have enough cash to pay its liabilities on time. Balance Sheet will help you analyze the following:
- Monitor your accounts receivable balances to make sure you don’t over extend credit to clients who may not pay you.
- Analyze your cash flow to make sure you can pay your liabilities on time.
- See if you need external financing to grow your company, complete your capital projects or just to keep up with operating cost.
- Keep a close eye on your inventory and fixed assets.
Bank Reconciliation:
We will reconcile your check register with your bank statement on a monthly or quarterly basis to make sure that you have timely knowledge of any fraudulent checks being cashed by the bank. Our Bank Reconcialiation service will provide you the following benefits.
- Bank reconciliation can provide timely knowledge of any employee embezzlement.
- It is a logical internal control not to have the same employee perform bank reconciliations and issue the checks.
- Bank reconciliation is one of the most important internal controls that a business should have in place yet many companies throw their monthly bank statement in their bottom drawer.
General Ledger:
A general ledger (GL) provides details of all revenues, expenses and other balance sheet accounts. Professional analysis of general ledger accounts is important to make sure the accuracy of the financial reports. With our General Ledger analysis service you can
- Make sure all the transactions are posted to the right general ledger accounts.
- Make timely adjustments/ re-classes to avoid costly mistakes.
- Create customized GL accounts to provide adequate reports that best provide meaningful insights about the business.
The above small business accounting services are not only important to comply with government rules about good record keeping but also to run your business more efficiently. We will refund one week’s of fees if you are not 100% satisfied with our services. We do not charge any kind of setup fees, so you have no upfront cost. You can make changes to the services that we provide or cancel them at anytime. So there are no long term commitments to worry about. We charge on an hourly basis or a one low monthly fixed fee so there are no surprises. Unlimited consultation is part of the monthly fee.
