Accounting Services |
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We know that running a business
requires a great deal of time, effort, and dedication. Running a
profitable business requires accurate accounting and review of
monthly financial statements. We can organize and analyze your
financial information so that you'll be able to answer the
following questions:
▪ Is there enough working capital?
▪ Are advertising costs too high?
▪ Is the company in good financial
condition?
▪ What is the inventory turnover rate?
Once you have all the financial data, you can make better management
decisions and create a plan to increase your profits. We can help
you with the financial details. We can help you increase your
profits.
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Afable ACS provides
personalized and professional accounting and computer services to
small businesses. We have an accounting system for your specific
industry. We can fulfill all your accounting needs, or train your
personnel to do the detailed work. Here is a listing of our
business services...
▪
Bookkeeping
▪ Bank
Reconciliations
▪ Budgeting
▪ Account
Analysis
▪ Payroll
Services
▪ Financial
Statement Preparation
▪
Forecasting
▪ Income Tax
Preparation
▪
Computerized Accounting (QuickBooks, Peachtree)
▪ Network
Setup/configuration
▪ Technical
Support
▪ Website
Design & Hosting
▪ VPN
(virtual private networking)
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Details |
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We review specific accounts and provide the
transaction detail. Unusual items are investigated and
explained. Corrections are made accordingly. For example,
an analysis of Equipment Expense could result in the
reclassification of large dollar items to Fixed Assets. In
addition, depreciation expense would be calculated and
recorded.
Bank Reconciliations
We compare the transactions on your bank statements with
those in your accounting books and reconcile the balances.
You receive a detailed list of all the reconciled items
(deposits received by the bank and checks that were
cleared), as well as all outstanding items. We adjust your
accounting records accordingly for any missing transactions
and investigate all discrepancies.
Bookkeeping
We record your company's financial transactions
accurately and efficiently into an accounting system
designed specifically for your industry.
Budgeting
We highly recommend the preparation of an annual
budget for income and expenses. This budget is based on
historical information and incorporates any foreseeable
changes for the upcoming fiscal year. We will then spread
this annual budget into monthly amounts in order to monitor
differences between actual and budgeted numbers.
Computerized Accounting (QuickBooks)
We use QuickBooks accounting software for all your
accounting needs. We also provide training if you decide
that you want to have your own staff enter the financial
transactions. In that case, we would review your financial
statements monthly to ensure accuracy.
Financial Statement Preparation
We will prepare and review your Balance Sheet, Income
Statement, and Statement of Cash Flows.
A Balance Sheet, or
Statement of Financial Position, is a financial photograph
of your company at a given point in time. It consists of 3
parts:
▪ Assets (what you own)
▪ Liabilities (what you owe)
▪ Equity (what you're worth)
An Income Statement, also
called a Profit and Loss Statement, tells you if your
company is making a profit for a specific period of time.
It lists the following:
▪ Sales/Revenues
▪ Cost of Goods Sold
(if applicable)
▪ Expenses
A Statement of Cash Flows
shows how cash is affected according to the following type
of activities:
▪ Operating
▪ Financing
▪ Investing
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