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Business Accounting Support

young couple home bad financial situation stress asking for help

Cash Flow Pie Chart on a Blackboard

sales report 1

Finance concept

Small business owners are consumed with the day to day operations of their business that they commonly neglect a vital element of the business – accounting. Known as the “language of business” – accounting provides the essential data to inform decision makers of progress and results.  SBS can provide first rate accounting service allowing business owners and leaders the peace of mind of knowing the current fiscal and managerial status of their business at any time. SBS accounting service includes the following:

Monthly reconciliations of bank accounts

Reconciliations help your business confirm accurate balances, accounting, and current taxes due. It also allows a business to immediately identify unknown expenses, lost checks or deposits, ensure transactions are posted correctly, detect and prevent fraud, etc. Most importantly up to date reconciliations are vital to support accurate financial statements.

Generate Income Statements

Also known as a profit and loss, an income statement is a financial statement the reports a company’s revenues and expenses over in record time. The report shows whether the company was able to generate enough revenue to cover the expenses of running the business. It answers the question: “Does my company have enough money to keep running?

Generate Balance Sheets

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. The report provides a fundamental of the value of the business. It answers the questions – what are my resources and assets? What my liabilities?

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

QuickBooks services and support

QuickBooks is Intuit software accounting solution designed to manage payroll, inventory, sales and other needs of a small business. Available remotely or on-site, SBS provides immediate QuickBooks support entering transactions, managing AP, AR, invoices, bills, inventory, etc.

Financial Staff augmentation

SBS provides high quality on-site temporary support for all transactional accounting. SBS members have advance expertise in Microsoft office software including Excel, PowerPoint, Word, Visio and Project Management.