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JB Tax and Accounting Accounting Firm, New Orleans, LA.

Small Business Accounting

Running a small business is difficult enough as it is. Let JB Tax and Accounting handle your bookkeeping services so you can focus on your business rather than worrying about accounting. The small business bookkeeping services that we offer are the foundation of a successful accounting system.

We offer these key small business bookkeeping services on a monthly or quarterly basis:

 

Bank Reconciliation

Monthly reconciliation of your business checking account is an important step in keeping your financial statements and taxes up to date. As part of our bookkeeping services, we reconcile your monthly statements so you can:

  • Ensure transactions are posted correctly and prevent unjustified bank charges
  • Identify lost deposits
  • Detect and prevent embezzlement
  • Manage cash flow effectively
  • Understand how your business is doing
  • Protect yourself from unauthorized activity-Be confident your accounts are reconciled and balanced and that all funds, checks, and charges are properly accounted.

Income Statement Generation

Income statements - also known as profit and loss statements - clarify profit or loss by subtracting itemized expenses from itemized revenues. JB Tax and Accounting can generate income statements periodically for your business. These statements will allow you to:

  • Determine the operating performance of your business
  • Highlight areas of your business are over- or under-budget
  • Identify unexpected expenditures
  • Track any increases in returns or cost of goods
  • Determine income tax liability

Generate Balance Sheets

Get a snapshot of your business’s current financial condition with a balance sheet. Balance sheets and income statements are important financial reports that potential lenders use to determine credit.  Have J&B Tax and Accounting generate your balance sheets so you can determine:

  • The financial strength of your company
  • Receivables and payables trends
  • Whether your business is in a position to expand
  • If your business can handle the typical ebb and flow of revenue and expenses
  • Whether you need to bolster cash reserves
  • If your business is slowing down payables to avert cash shortages

Maintain a Clean General Ledger

Every transaction your business makes flows through the general ledger. Problems with your general ledger can affect all of your books. Our team will review your general ledger system monthly to find and fix any discrepancies such as double billing or unrecorded payments. With our service, your financial records will always be accurate. 

Unlimited Financial Consultations

The team at JB Tax and Accounting enhances our expert small business accounting services with unlimited financial consultations. We want you to fully understand and utilize the financial information that we provide. There are no additional charges for consultations, so you are welcome to call at any time with questions or concerns.

To receive a free consultation on our Small Business Accounting Service, please complete this form.

If you'd like to receive a free consultation on our Small Business Accounting Service, please complete this form.

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