Accounting is a high-level process that makes sense of information previously compiled and produces financial statements or models using that information. The process of accounting is more subjective than bookkeeping, which is typically more transactional in nature.
The process of accounting includes:
The process of accounting provides reports that bring key financial indicators together. The result is a better understanding of actual profitability, and an awareness of cash flow in the business. Accounting turns the information from the ledger into statements that reveal the bigger picture of the business, and the path the company is progressing on.
The process of accounting includes:
- Preparing adjusting entries (recording expenses that have occurred but aren’t yet recorded in the bookkeeping process)
- Preparing company financial statements
- Analyzing costs of operations
- Aiding the business owner in understanding the impact of financial decisions
The process of accounting provides reports that bring key financial indicators together. The result is a better understanding of actual profitability, and an awareness of cash flow in the business. Accounting turns the information from the ledger into statements that reveal the bigger picture of the business, and the path the company is progressing on.
Here are some of the services I can provide.
- Financial Statement preparation (Balance sheet, Income statement, and Cash Flow).
- General Ledger setup and maintenance.
- Journal Entry maintenance
- Monthly Closings
- Fixed Asset and Depreciation maintenance
- Analysis of equipment purchases, expansions, etc.
- Budget preparation, Budget tracking, and forecasting.
- Cash flow management and projections
- Training accounting staff
- Presentation development for Boards and Investors
- Calculating and understanding financial ratios
- Financial Statement preparation (Balance sheet, Income statement, and Cash Flow).
- General Ledger setup and maintenance.
- Journal Entry maintenance
- Monthly Closings
- Fixed Asset and Depreciation maintenance
- Analysis of equipment purchases, expansions, etc.
- Budget preparation, Budget tracking, and forecasting.
- Cash flow management and projections
- Training accounting staff
- Presentation development for Boards and Investors
- Calculating and understanding financial ratios
Client Specific Needs Such As:
Inventory, Capital Assets, Prepaid Expenses, Accrued Expenses, Accrued Payroll, Deferred Revenue, Work In Process (WIP), Compensation Programs (salary and incentive), Bonus and Commission Plan Design Assistance, Cash Management, Accounting System Establishing and Maintaining, Internal Controls Establishing and Managing, Assistance with Forecasting, Customer Analysis Reports, Major Expense Analysis, Accounts Receivable and Accounts Payable Management, Shareholder Presentation Preparation, Manager Training for Understanding and Interpreting Financial Reports, Assistance with Product Pricing Decisions, Profitability Analysis for Products and Divisions, Capital Budget Monitoring, Special Report Preparation for Investors, Accounting Rules and Regulations Compliance, Trend Tracking & Profitability Analysis, Financial Trend Analysis and DCAA Compliance.
Inventory, Capital Assets, Prepaid Expenses, Accrued Expenses, Accrued Payroll, Deferred Revenue, Work In Process (WIP), Compensation Programs (salary and incentive), Bonus and Commission Plan Design Assistance, Cash Management, Accounting System Establishing and Maintaining, Internal Controls Establishing and Managing, Assistance with Forecasting, Customer Analysis Reports, Major Expense Analysis, Accounts Receivable and Accounts Payable Management, Shareholder Presentation Preparation, Manager Training for Understanding and Interpreting Financial Reports, Assistance with Product Pricing Decisions, Profitability Analysis for Products and Divisions, Capital Budget Monitoring, Special Report Preparation for Investors, Accounting Rules and Regulations Compliance, Trend Tracking & Profitability Analysis, Financial Trend Analysis and DCAA Compliance.