Accounting services for Individuals Manage your personal finances as a business and get them back on track in no time! We offer you weekly, bi weekly or monthly statements to know your cash flow, see how much you’re spending and on what! We will prepare your bank reconciliations and help you keep track of your payment due dates. Another service we offer is income tax preparation and help with decision making such as: car lease or purchase? Rent or buy a house? Refinance now? We will provide you different tools and reports so you are always aware of your economical situation and gain control of your personal finances. Our reports are easy to understand and we will always be available for your consultations and willing to answer all your questions. Some of the tools we offer are: Cash flows: Analysis over a period of time that will reveal your availability or lack of cash. This is the difference between cash in (income) and cash out (expenses). Bank reconciliations: This is the process of comparing the cash balance reported by the bank with the cash balance on your records and explaining the differences (bank charges, checks in transit, etc.). After taking into account these differences the two statements should show an identical balance. Profit and loss statement: A financial document that shows how much money (revenues) came in and how much money (expenses) was paid out. Subtracting the expenses from the revenue gives the net profit. Income tax preparation: We will prepare your return and also be available for additional questions during the year to provide the assistance you need with your life changing events such as having a new baby, getting married, etc. Decision making: Sometimes we have difficult choices to make that will impact our financial situation in a very significant way. Decisions such as refinancing or buying a house, buying a car or leasing might be complicated. It will be a pleasure for us to assist you with those decisions by showing you all the different scenarios adapted to your circumstances. Using the tools above (cash flows, profit and loss statements, etc.) we will present to you your current and expected economical situation and guide you throughout the whole process so your final decision is based on facts and it's the most accurate one. Accounting for Small Business Great ideas get the business started but good financial management keeps the business going… that's where Total Accounting Support comes in. We are committed to provide you the timely and accurate information you need to run a healthy and prosperous business. We offer professional, affordable accounting support to get your business to the top! Some of our bookkeeping services for your business include: * Accounts Payable * Accounts Receivable * Bank Reconciliations * Bill Payment * General Ledger * Financial Statement Preparation * Cash Flow Forecasting and Reporting * Tax Preparation * Financial Consulting * Budgets and Forecasts * Daily, Weekly, Monthly, Quarterly, Annual Updates Choosing an accountant is one of the most important decisions a small business can make. One of the keys that will contribute to your business success is the accurate and timely financial reporting. We can take care of your books for you and establish a process by which your financial information will be recorded, classified, summarized, interpreted and communicated to you. We will record your daily business transactions, receipts, payments, sales invoices, prepare the books of account to trial balance, make deposits and deal with payments and the recording thereof. Sales and income tax preparation is also one of the services we will provide. We will produce the following reports for you: Bank reconciliations: By this simple routine procedure you will be able to find out the reasons for discrepancies between the balance in your checking account presented by the bank and the balance recorded in your books. This important tool will help you identify lost checks, unauthorized transactions and know how your business is doing. Also will help you manage your cash in a more efficient way. Income statement: Also known as “profit and loss statement” includes a list of all your revenues or income less all expenses to arrive to a profit or loss for the period. This will give you the information you need in order to evaluate the performance of your business and help with the decision making process. General Ledger: This is an accounting record in which all increases or decreases of accounts such as assets, liabilities, capital, income, and expenses are listed. These are the central books and every transaction flows through the general ledger. This is specifically useful to identify trends in the area of receivables and payables and it is one of the most crucial elements to provide to potential lenders or vendors who are considering how much credit to grant you. In addition we offer income and sales tax preparation. We handle your tax needs and will always be available for your consultations throughout the year.