Outsourced CFO Services:
As CPAs specializing in business accounting, we know that 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 stay focused on the job of running your business and generating profits.
Our office is located in Long Beach, but we serve all of Southern California, including Orange and Los Angeles County.
Each month or quarter our business accounting services will include:
- Reconcile your bank account
- Generate an income statementÂ
- Generate a balance sheet
- Clean up your general ledger
- Provide unlimited consultations
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding tax planning, tax preparation, or any of our other services.
When we reconcile business checking account each month, your bank account, accounting records, and taxes remain up-to-date and in good order.
An income statement, otherwise known as a profit and loss statement, adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with an accurate assessment of profit or loss for the period.
A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.
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.
In addition to the services listed above, we can serve as a part-time CFO, assist with cash flow management, budgeting and forecasting services.