Accounting Freedom, Ltd.

• Small Business Accounting & Bookkeeping Services
• Accounting Freedom Services for QuickBooks Users
• Small Business Payroll Tax Services
• Corporate Background Check Services Shift the Burden From Your Shoulders to Ours As being the owner and running a small business you have more important things to do than to keep up with your bookkeeping Our small business accounting company can take care of the books for you, allowing you to get back to managing your business and producing profits! Monthly we will provide the following accounting and  services for you:
• Reconcile your bank account
• Generate a balance sheet
• Generate an income statement
• Organize your general ledger
• Offer continuous business consulting These essential tasks are the solid foundation of your small business accounting structure Our small business accounting and bookkeeping services are completely customizable We offer additional services to our packages including tax planning, tax preparation, payroll, or any of our other accounting services

Doing monthly bank reconciliations for your business checking account allows us to maintain your bank account, accounting, and taxes up-to-date

Some benefits of having us reconcile your account monthly as your small business accountant include:

• Identifying lost deposits, lost checks and unauthorized wire transactions
• Detecting and preventing additional bank charges, to ensure that your bank posts all transactions correctly
• Spotting and preventing stealing of funds from within your company
• Do you know how your business is performing? It’s hard to identify your business performance unless you reconcile all accounts and properly account for them on your financial statements
• Managing your cash more efficiently
• Not only are you saving money by proper management of funds, but you’re also making more money!
• Protecting yourself and your business
• Through punctual reconciliation, you will be able to immediately object to your bank regarding any unusual transactions
• This includes any unauthorized or counterfeit checks given to your bank and paid by that bank
• In a situation like this, you can dismiss your organization of accountability for the loss and transfer the risk to the bank
• Remember, crime exists, and this should be a good enough reason to reconcile!
• Mind at ease
• You will feel better knowing that we are correctly reconciling your business’ bank accounts and accounting for all aspects to the accounts, keeping them in balance

An income statement, which is also known as a profit and loss statement, mostly adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to calculate a profit or loss for the period

Some benefits of having us monthly income statement include:

• Tracking your revenues and expenses
• Doing so will help you determine the operational performance of your business
• Determining which areas of your business is either over-budget or under-budget
• Tracking large increases in the cost of goods sold or products returns as a percentage of sales
• Identifying individual items that are triggering unexpected costs
• A few examples include phone, utility, mail, or supply expenses
• Determining your business’ income tax liability