Small Business ACCOUNTING

Business advisory services are the foundation of small business accounting systems. We can manage your financials utilizing QuickBooks Online while you run your business and generate profits.

Each month or quarter we will do the following things for you:

Reconcile your bank account
Reconcile your business credit cards
Generate an income statement
Generate a balance sheet
Clean up your general ledger

Small Business ACCOUNTING

Business advisory services are the foundation of small business accounting systems. We can manage your financials utilizing QuickBooks Online while you run your business and generate profits.

Each month or quarter we will do the following things for you:

Reconcile your bank account
Reconcile your business credit cards
Generate an income statement
Generate a balance sheet
Clean up your general ledger

Experienced Tax Advisor — Billings, MT — Ten40Tax

Bank Reconciliation

Reconciling your business checking account each month allows us to keep your bank account, accounting, and tax information up to date.

Identify missing checks or deposits and unauthorized wire transactions
Help detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank
Help detect and prevent embezzlement
Manage your cash more effectively
Protect your business. 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.

Income Statement

A profit and loss statement (income statement) is an itemized list of your revenues minus an itemized list of your expenses to show a monthly or quarterly profit or loss.

• Track revenues and expenses

• Track products, costs of goods sold

• Determine where you are with your budget

• Determine your income tax liability

Balance Sheet

A balance sheet gives you a snapshot of your business financial condition at a specific moment in time. It is part of the financial reporting to potential lenders, investors, or vendors who may be considering how much credit to grant you.

A balance sheet helps you:

• Analyze your receivables and payables to determine your position to expand your business

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.