SMALL BUSINESS ACCOUNTING
Consistent records for informed business decisions.
Bookkeeping, reconciliations, management-use reporting, cash-flow support, budgeting, and accounting-system guidance for qualifying small businesses.
RECORDS BEFORE REPORTS
Accounting support begins with a review of the existing books, transaction volume, systems, reporting needs, responsibilities, and intended use of the information.
A RELIABLE ACCOUNTING RHYTHM
From source documents to management reports.
A business recordkeeping system should capture income, expenses, assets, liabilities, and owner activity with enough detail to support operations and applicable reporting requirements. The suitable process depends on the business, accounting method, systems, and transaction flow.
Scope and fees are confirmed before services begin. Cleanup work, historical reconstruction, payroll correction, inventory, multiple entities, or additional reporting may require a separate or expanded engagement.
Record
Capture transactions from approved source information.
Reconcile
Compare accounts and resolve identified differences.
Report
Prepare agreed management-use information.
ACCOUNTING SOLUTIONS
Support shaped around the recordkeeping need.
Availability depends on engagement acceptance, source records, software access, transaction volume, timing, complexity, and the intended use of each deliverable.
Bookkeeping setup
Initial configuration of selected accounting software, opening balances, workflows, and recordkeeping responsibilities.
Chart of accounts
Organization or refinement of account categories to reflect the business model, tax reporting needs, and agreed management reporting.
Recurring bookkeeping
Recording and classification of transactions from information supplied through the agreed process and at the agreed frequency.
Account reconciliations
Comparison of selected bank, credit-card, loan, and other balance-sheet accounts with available third-party statements.
Accounting cleanup
Review and correction of selected historical bookkeeping items after the condition of the records and available support are evaluated.
Cleanup does not guarantee that every prior error or omission will be identified.
Financial statement preparation
Preparation of financial statements for management use based on the books and records provided, without an audit, review, compilation report, or assurance.
Cash-flow reporting
Selected cash activity reporting and forecast support based on historical records, stated assumptions, and information supplied by management.
Budgeting & forecasting
Preparation of management budgets or forecasts using assumptions approved by management. Forecasted results are not guaranteed.
Tax-ready accounting support
Year-end organization, reconciliations, and selected schedules intended to support the separately scoped tax-return preparation process.
SERVICE BOUNDARIES
Management-use information is not assurance.
Accounting records and financial statements can serve different purposes. The intended audience and level of service should be identified before work begins.
No audit or review
No opinion, conclusion, or assurance is provided on financial information.
No compilation report
Financial statement preparation does not include a compilation report unless separately engaged and permitted.
Management remains responsible
Management is responsible for records, controls, decisions, assumptions, and the accuracy and completeness of information supplied.
INFORMATION NEEDED
Complete source records support consistent bookkeeping.
The exact information depends on the engagement. Common inputs include statements, invoices, receipts, payroll reports, debt schedules, asset purchases, owner transactions, and access to the selected accounting platform.
Secure delivery: Bank statements, payroll reports, tax documents, login credentials, and other confidential information should be transmitted only through the approved secure process.
- Bank and credit-card statements
- Sales and deposit records
- Vendor bills and receipts
- Payroll and contractor reports
- Loan and financing statements
- Fixed-asset purchase records
- Owner contributions and distributions
- Prior reconciliations and reports
ENGAGEMENT EXPECTATIONS
Clear roles support the accounting process.
Only a signed engagement agreement establishes the services and responsibilities for a particular business.
Defined scope
Accounts, periods, reports, and services not identified in the agreement are not included.
Timely records
Delivery schedules depend on complete information, access, and management responses.
Management decisions
Business decisions and implementation remain the responsibility of management.
LET'S CONNECT
Questions about a small-business accounting need?
A complimentary initial conversation can help determine whether the requested service aligns with the firm’s scope and availability.