Small Business Accounting Services
Exact Accounting Staff helps small business owners focus on building their business instead of worrying about administrative burdens and bookkeeping. Our Accounting and Finance Solutions Division can manage every aspect of your accounting needs including audits, operating statements, budgets, bank reconciliations, and more. We can even take over your payroll so you can reduce costs and forgo the complexities of managing staff and contract employee pay. Below are just some of the small business accounting solutions we help our clients with on a daily basis.
Audit Trails
Our accounting professionals will make sure you are prepared for potential accounting audits through printed audit trails. We can also help you establish internal controls and procedures to improve the accountability and recording of all financial transactions.
Balance Sheets
A well prepared balance sheet gives you a snapshot of your company's financial position at a given point in time. Our team will analyze your assets and liabilities to give you an immediate picture of where your business stands in terms of financial strengths and weaknesses and where you can make improvements. A proper balance sheet is vital for any small business looking for a loan.
Bank Reconciliations
Exact Accounting Staff can keep your bank accounts in balance and make sure all transactions are accounted for. Our monthly bank reconciliations will help you manage your cash flow and identify bank errors, incorrect bank charges, lost checks and fraudulent transactions.
Budgeting
Although budget preparation is imperative for any business, it can be a painful process for the small business owner. We can help you avoid pain and procrastination by preparing estimates and developing and managing your annual budget for you.
Financial Graphs and Dashboards
Graphs, charts and dashboards literally give you a better picture of your finances. Whether you want visual insight into your own operations, or need to present a financial picture to a client, Exact Accounting Staff can turn your data into impactful visual presentations that are pleasing and powerful.
Monthly Operating Statements
Every month we analyze your revenue, direct costs and overhead to prepare a monthly operating statement for your business. Our team will review the statement with you and give you insight into the financial status of your company. The monthly operational statement will help you compare profits and expenditures and look at forecasted performance vs actual performance on monthly and YTD basis.
Payroll and Payroll Registers
Exact Accounting Staff has the advantage of housing our own dedicated payroll department. Payrolling allows you to bring on your own contract staff without absorbing the costs and administrative difficulties of managing temporary labor. We handle employee W-2s, I-9s, insurance, worker's compensation, disability and all associated payroll taxes. If you keep your payroll in-house we can generated payroll registers and prepare your payroll tax reports.
