Accounting & Bookkeeping
Services For Small Businesses
Comprehensive Bookkeeping Services for Small Business Owners
As a small business owner, your primary focus should be on running your business and increasing your profits, not managing your books. At Bosaf Tax, we handle your bookkeeping needs so you can concentrate on what you do best.
Each month or quarter, we provide the following services:
-
Bank account reconciliation
-
Income statement generation
-
Balance sheet generation
-
General ledger cleanup
These services form the foundation of your small business accounting system. You can customize your package with additional services such as payroll, tax planning, tax preparation, and more.
Bank Reconciliation
Monthly bank account reconciliation ensures your bank account, accounting, and taxes are always up-to-date. Benefits of our bank reconciliation service include:
-
Identifying lost checks, deposits, and unauthorized transactions
-
Detecting and preventing excess bank charges and ensuring accurate bank postings
-
Detecting and preventing internal embezzlement
-
Accurate financial statements by reconciling all accounts
-
Effective cash management, saving and making money
-
Protection against unauthorized, fraudulent, or forged checks by timely reconciliation
-
Peace of mind knowing your accounts are balanced and funds are accounted for
Income Statement
An income statement, or profit and loss statement, lists your revenues and expenses to determine your profit or loss for the period. This allows you to:
-
Track revenues and expenses for performance evaluation
-
Identify over-budget or under-budget areas
-
Spot unexpected expenditures like phone or supply costs
-
Monitor increases in product returns or cost of goods sold
-
Determine income tax liability
Balance Sheet
A balance sheet provides a snapshot of your business's financial condition at a specific time. It helps you:
-
Quickly assess the financial strength and capabilities of your business
-
Identify and analyze trends in receivables and payables
-
Determine if your business is ready to expand
-
Manage financial ebbs and flows
-
Bolster cash reserves if needed
-
Assess your business's creditworthiness for lenders, investors, and vendors
General Ledger Cleanup
The general ledger is the core of your company's financial records. Monthly reviews of your general ledger allow us to:
-
Identify discrepancies such as double billings or unrecorded payments
-
Correct discrepancies to keep your books accurate and in top condition
Unlimited Consultations
We offer unlimited consultations to help you understand and utilize the financial information we provide. These consultations are included in our service, so feel free to reach out with any questions or concerns.
Let BOSAF Tax handle your bookkeeping so you can focus on growing your business.
For a free consultation on our Small Business Accounting Service, please complete the form below.