Bank Reconciliation : By definition, a bank reconciliation statement is a document or report made by a company to compare its balance sheet with the bank statement. Reconciliation is done at regular intervals to ensure a business’s cash records are accurate and up-to-date.

Our bank reconciliation service will allow you to;

• Keep track of your checks, deposits, and wire transactions.
• Identify and avoid unwarranted or excess bank charges and make sure your bank records all the transactions correctly.
• Identify ongoing fraudulent transactions and prevent embezzlement of funds.
• Evaluate how your business is performing by assessing financial statements.
• Efficiently and effectively oversee your cash. With proper cash management, you can save as well as make money.
• Spot unauthorized, forged, or fraudulent checks presented to your bank so that you can promptly notify your bank and protect yourself.
• Get peace of mind after knowing that all your checks, transaction, funds are accurately accounted for.

Income Statement: An income statement or a profit and loss statement shows your company’s income, revenues, and expenditures. This statement allows you to evaluate your company’s financial health and assess whether you have made a profit or loss for that period.
With an income statement, you can;

• Keep a check on your company’s earnings and expenditures to determine how your business is performing.
• Identify the areas of business that are over-budget or under-budget.
• Detect items that are producing unexpected expenses.
• Accurately assess your income tax liability.

Balance Sheet: A balance sheet is a summary of your company’s financial balances. It offers you an overview of your company’s financial health for a given time.

Our balance sheet maintenance service will help you;

• Assess the financial strength and proficiencies of your company.
• Discover and evaluate trends, especially in receivables and payables areas of finance.
• Establish whether your business is in a position to expand or not.
• Establish whether your business can manage the normal fluctuation of income and expenditure.
• Ascertain whether you need to strengthen your cash reserves.
• Ascertain whether you are avoiding inevitable cash shortages by slowing down payables.

General Ledger Maintenance:  General ledger works as financial records of any company’s income and expenditure. Each financial transaction that takes place during the operation of a business is recorded in a general ledger. Accountants refer to the general ledger when preparing financial statements, calculating liabilities, determining revenues, etc. Thus, it’s essential to maintain the general ledger properly.

Our general ledger maintenance services are designed to help you identify any discrepancies arising due to double billings or unaccounted payments. Our experts will rectify these errors to ensure your books are accurate.

Round the clock Consultation: We are always ready to help our clients keep their accounts clean. You can consult our experts on how to make the most out of your business by providing you with accurate, reliable, and complete information.

Why do you need TaxAccountPro Services?

Time Benefit – Allows to plan round-the-clock operations.
Cost-Benefit – Lower cost of operations by 40%.
Staff Benefit – Right Level staff for different requirements.
Business Benefit – Save on Infrastructure and Technology for outsourced staff.

If you need a fast, accurate tax professional to prepare your tax return this year give us a call today at +1 (315) 644-2677