Solid bookkeeping and accounting is a critical component of any growing company’s operations. At R.L. Hinton, CPA, PC, we help you keep your books in order, leveraging technology like QuickBooks Online, FreshBooks Cloud Accounting, and Wave Accounting. This helps you take care of the following important tasks:
Reconciling your bank account
It’s important to keep your bank account up to date so that you can properly plan for taxes and other financial issues impacting your business. Through our service, you will be able to:
• Easily identify lost checks and deposits
• Prevent unnecessary bank charges and make sure your bank is properly logging all transactions
• Effectively manage cash flow, saving you money in the short and long term
You’ll rest easy knowing that all the primary tasks associated with small business accounting are covered and that you are putting your company in the best financial position possible.
Creating and maintaining balance sheets
Your balance sheet gives you a snapshot into your business’s financial picture, allowing you to examine any trends, especially when it comes to payables and receivables. You can also see how strong your business truly is financially, and if now would be a good time to grow.
Additionally, maintaining a strong balance sheet informs you on the state of your cash reserves and if a cash shortage may be in your future.
Generating profit-and-loss statements
These statements, also known as income statements, offer you an itemized list of your income and expenses on a monthly, quarterly or yearly basis. This enables you to track the operating performance of your company and determine if there are any areas of your operations that are over or under budget.
You can also gain insights into any specific expenses that could be costing your business more than expected, and if your cost of goods sold are in line with your projections. Also, profit-and-loss statements are terrific resources for estimating your income tax liability.
Cleaning up your general ledger
Serving as the foundation of your business’s financial records, the general ledger includes every single transaction in which your company engages. Thus, if there’s a problem with your general ledger, it can throw off your books completely.
By having a professional accountant regularly review your general ledger each month, you can find any potential discrepancies like unrecorded payments or double billings. We’ll quickly fix these problems for you.
We also deliver unlimited consultations, giving you a sound foundation for your business’s accounting and financial planning efforts. You can combine our small business accounting solutions with our wide range of additional services, including tax planning, tax preparation, payroll consulting and more.
Speak with a knowledgeable small business accountant in Kennesaw
R.L. Hinton offers comprehensive small business accounting services for clients in Kennesaw and the surrounding communities in northwest Georgia. For a free initial consultation, please call 770-729-4470.