{"id":69,"date":"2021-03-21T16:04:07","date_gmt":"2021-03-21T16:04:07","guid":{"rendered":"https:\/\/precisionaccountinggroup.com\/?page_id=69"},"modified":"2021-03-23T03:43:33","modified_gmt":"2021-03-23T03:43:33","slug":"accounting-and-bookkeeping","status":"publish","type":"page","link":"https:\/\/precisionaccountinggroup.com\/business-services\/accounting-and-bookkeeping\/","title":{"rendered":"Accounting and Bookkeeping"},"content":{"rendered":"\t\t
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Small Business Texas<\/a><\/span><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Accounting & Bookkeeping<\/a><\/span><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Payroll Services<\/a><\/span><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Quickbooks\u00ae<\/sup><\/a><\/span><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Accounting & Bookkeeping<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!<\/span><\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Each month or quarter we\u2019ll do the following things for you\u2026<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • Reconcile your bank account<\/li>
  • Generate an income statement<\/li>
  • Generate a balance sheet<\/li>
  • Clean up your general ledger<\/li>
  • Provide consultation as needed<\/li><\/ul>

    \u00a0<\/p>

    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.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Bank Reconciliation<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Allowing us to reconcile your business checking account each month allows you to keep your bank account, accounting, and taxes up-to-date.<\/p>

    Having us reconcile your account each month allows you to\u2026<\/p>

    • Identify lost checks, lost deposits and unauthorized wire transactions.<\/li>
    • Detect and prevent excess\/unjustified bank charges and ensures transactions are posted correctly by your bank.<\/li>
    • Detect and prevent embezzlement of funds from within your company.<\/li>
    • Know how your business is doing? You can\u2019t really know unless all accounts are reconciled and properly accounted for on your financial statement.<\/li>
    • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.<\/li>
    • 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.<\/li>
    • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      A balance sheet gives you a snapshot of your business\u2019 financial condition at a specific moment in time.<\/p>

      A balance sheet helps you\u2026<\/p>

      • Quickly get a handle on the financial strength and capabilities of your business.<\/li>
      • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.<\/li>
      • Determine if your business is in a position to expand.<\/li>
      • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?<\/li>
      • Determine if you need to take immediate steps to bolster cash reserves?<\/li>
      • Determine if your business has been slowing down payables to forestall an inevitable cash shortage?Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Maintaining a Clean General Ledger<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        The general ledger is the core of your company\u2019s financial records. These records constitute the central \u201cbooks\u201d of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.<\/p>

        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\u2019ll fix the discrepancies so your books are always accurate and kept in tip top shape.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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        Year-Round Consultation<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        We are always willing 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 price, so please feel free to call us whenever you have a question or concern.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Small Business Texas Accounting & Bookkeeping Payroll Services Quickbooks\u00ae Accounting & Bookkeeping As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits! Each month […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":49,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/pages\/69"}],"collection":[{"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/comments?post=69"}],"version-history":[{"count":0,"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/pages\/69\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/pages\/49"}],"wp:attachment":[{"href":"https:\/\/precisionaccountinggroup.com\/wp-json\/wp\/v2\/media?parent=69"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}