Avoid lost payments, know your money is accounted for & manage your money more effectively
Year End Packages include information to help in filing taxes, sending 1099s, applying for business loans & lines of credit.
The general ledger is a complete record of all the financial transactions of your company. It provides all of the information needed to prepare financial statements.
Or income statement measures incoming & outgoing money to show the performance of your business. It can show where your over budget or where you could spend more
A balance sheet, is a company snapshot, reports a company's assets, liabilities and owner's equity. This shows what the business owns, owes and what you've invested in the business.
A trial balance shows all credits and debits noting any disagreements to show an error. A trial balance helps prevent errors and show a summary of ledger balances
Reports how changes in balance sheet and income affect cash and breaks the analysis down to operating, investing and financing activities.
Shows a period's profits are divided between dividends for shareholders and retained earnings, which are kept on the balance sheet to accumulate under owners equity.
A journal entry summary shows all transactions recorded for the business. This prevents errors and allows for full review and providing for any necessary changes.