You work hard and earned it, let us help you keep it.
Running a small and medium business takes time and dedication. But if you’re like most business owners and managers, you’ve already got a lot on your plate. Why add accounting to your ever-growing list of responsibilities when our team is on hand to help? At iCode Business Solutions, we offer a variety of business accounting services to our local ventures.
Each month or quarter we’ll do the following things for you…
- Reconcile your bank account
- Generate an income statement
- Generate a balance sheet
- Clean up your general ledger
- Provide unlimited consultations
These tasks form the solid foundation of your small business accounting system. You can customize the package
of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Bookkeeping and Accounting
What to Expect
Reconciling your business checking account each month allow us to keep your bank account, accounting, and
Having us reconcile your account each month allows you to…
Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank,
detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can’t really know unless all accounts are reconciled and properly
accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your
revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to track revenues and expenses so that you can determine the operating
performance of your business and determine what areas of your business are over-budget or under-budget,
determining your income tax liability.
A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.
A balance sheet helps you to quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables
cycle is lengthening, maybe you can collect your receivables more aggressively
The general ledger is the core of your company’s financial records. These records constitute the central “books” of
your system. Since every transaction flows through the general ledger, a problem with your general ledger throws
off all your books.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as
double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate
and kept in tip top shape.
We are always available to spend time with you so you fully understand how to interpret and utilize the financial
information we provide. Our consultations are already included in our price, so please feel free to call us whenever
you have a question or concern with our free unlimited consultation program!.
If you’d like to receive a free consultation on our Small Business Accounting Service, please us today!