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Bookkeeping Services

We specialize in working with the home-based business owners who are growing or desire growth.  Our firm knows the challenges faced by small and/or home-based businesses. 

 

We offer a full range of bookkeeping services to help keep your business running efficiently.  We realize that most small businesses can not afford full-time accountants, but still need the expertise one can provide.   

 

 

 

 

 

 

 

 

 

 

 

 

We will work with you to create a seamless relationship to help your business run efficiently. At the same time we will make sure you are doing what you need to do to increase your profits and reduce your expenses and taxes.  We do this by helping your business record and interpret financial data that allows you to make better business decisions. 

 

From the data entry to financial statements, we process:

Accounts Receivable:

It is important for a small business to carefully manage cash flow.  An important part of managing cash flow is tracking accounts receivable.  Our firm understands that need and we take the time to make sure all invoicing and cash collection services are performed in an organized and timely fashion.  Our accounts receivable services include:

  • Maintaining Client Account Information
  • Preparing Receivables/Client Invoices
  • Submitting Client Invoices for Payment and Posting Payments on Accounts
  • Preparing Aged Receivable Reports

Accounts Payable:

Very often small businesses ignore the importance of maintaining a strong accounts payable department.  It is usually the last thing that comes to mind during a hard day of being creative and servicing customers.  Our firm takes the time to manage your payables, analyze patterns, and make suggestions on how you can lower certain operational expenses.  We can manage your payables by:

  • Developing a customer chart of accounts
  • Maintaining vendor information
  • Preparing Payables/Vendor Invoices and Generating Checks for Signature
  • Ensuring that any Discounts Allowed are Taken
  • Organizing Processed Invoices and Check Registers
  • Preparing Aged Payables Reports
  • Analyzing Payable Patterns and Issues

Monthly Operating Statements:

Statements that will enable you to take a monthly look at where you stand so you are able to fix a problem or seize an opportunity.  Every month we look at your financial picture and let you know what areas require your attention.

 

Bank Reconciliations:

We tie out your bank balance every month and advise you of any bank error, bank charges, or arithmetic mistakes on your part so you know exactly how much cash is available for spending.

 

Balance Sheet:

Shows cash balances, accounts payable and receivable, taxes owed, etc.  If you are trying to obtain a loan, this is very useful to your banker when he is trying to make his decision.



 Giving Back the Gift of Time

Tax and Accounting Services, LLC

 508 E Market St., Ste 200, Leesburg, VA 20176
Ph: 703-777-6187