Accounting Services As a small business owner you have more important things to do like run your business and generate profit than to utilize your time to keep your own books therefore we assist you in keeping your books. Each month or quarter we'll do the following things for you... These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services. 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 books. Having us review your general ledger system each month or quarterly allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Manage Income Statement 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 come up with 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. Identify specific items that are causing unexpected expenditures. Like Repairs, phone, postage, or supply expenses. Track dramatic increases in product returns or cost of goods sold as a percentage of sales. 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. You can 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?  Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, factoring company, investors, and vendors who are considering how much credit to grant you. 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. Detect and prevent embezzlement of funds from within your company. Manage your cash more effectively.  Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists. Technical Support & Training Peachtree Services                           Peachtree Accounting Software is designed for small to medium sized businesses with a better understanding of accounting priciples, To run and maintain your books of accounts could get messed up if you don't have trained staff member and accountant who specialized  in Peachtree accounting software. More information QuickBooks Services QuickBooks is the ideal business accounting software for small to mid-sized business owners. Here's why you should be using QuickBooks. Although QuickBooks is designed for the layman to understand, the initial setup and installation can be tricky. We can save you hours of frustration by assisting you in setting up QuickBooks. We can train you or your staff to properly operate QuickBooks for your business. More information We Offer Initial Complementary Consultations Bharmal & Associates are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our fee, so please feel free to call us whenever you have a question or concern. Thank you for your inquiry, Ismail F Bharmal CPA, EA Bharmal & Associates, Inc.   Back to Home Page or Professional Services Page