Small Business Accounting
At Hooker CPA Firm, PLLC, we believe that accounting is the most crucial part of operating a cultivating business. For small businesses, we understand how arduous it is to manage your business accounts in an efficient and cost-effective way. That is why we provide excellent bookkeeping and accounting services that include so much more than standard financial statements and budgets. If you are looking for a company that can help you in the most efficient way possible by meeting all your inquires, your search ends here. Hooker CPA Firm, PLLC, is the one-stop shop that offers the best in class small business accounting services at the most competitive prices.
In our basic package, we can perform the following services for your company.
- RReconcile your bank account
- RGenerate an income statement
- RGenerate a balance sheet
- RClean up your general ledger
- RProvide unlimited consultations
Bank Reconciliation
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up to date. Having us reconcile your account each month allows you to…
Identify lost checks, lost deposits and unauthorized wire transactions as well as detect embezzlement of funds from within your company.
Detect and prevent erroneous bank charges.
Easily assess your business when all accounts are reconciled and properly accounted for on your books.
Manage your cash more effectively.
These steps will help ensure you will have a better night sleep knowing your bank accounts are reconciled, balanced and properly accounted for.
Income Statement
An income statement or profit and loss account is one of the financial statements of a company and shows the company’s revenues and expenses during a particular period. An income statement allows you to…
- RTrack revenues and expenses to understand operating performance.
- RUnderstand which area of your business is operating above, at or below budget expectations.
- RUtilize profitability ratios to assess a business’s ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders’ equity over time, using data from a specific point in time.
- RTrack dramatic increases in product returns or cost of goods sold as a percentage of sales.
- RDetermine your income tax liability.
Maintaining a Clean General Ledger
A general ledger is the foundation of a system used by accountants to store and organize financial data used to create the firm’s financial statements. It is a chronological record of daily financial transactions, and the general ledger book is itemized by accounts. These records constitute the central “books” of your system. Any error in recording your daily transactions could throw off all of your financial statements. By either having us enter your general ledger entries or reviewing your general ledger system, we can ensure there are no discrepancies or errors in your books. Because our objective is to make sure you have accurate and clean financials.
Balance Sheet
A balance sheet reveals the financial status of a business at a specific point in time. A balance sheet helps you…
- RAssess the financial strength and capabilities of your business.
- RIdentify and analyze trends related to account receivables and payables; determine the length of time to receive money owed to you from customer “Account Receivables” and pay money owed to vendor “Account Payables”.
- RDetermine if your business is in a position to expand.
- RDetermine if you need to take the necessary steps to strengthen cash reserves.
- RUtilize profitability ratios to assess a business’s ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders’ equity over time, using data from a specific point in time.
Unlimited Consultations
We are more than willing to meet and discuss any questions you make have about your books. We want to make sure 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.
“no matter how strong or weak your understanding of accounting is, you need to keep very careful, well-organized records.”