Balancing Books for Small Businesses in Portland, OR
The realities of running a small business can make balancing your books difficult. Our Portland accounting firm can help you manage your accounts through our efficient, effective services. Appel CPA offers small business accounting services in Portland and the surrounding communities.
Inconsistencies between your in-house documents and business bank account records can lead to several managerial issues and compliance problems. However, regular reconciliations between these areas keep all information accurate across the board.
Our accounting firm in Portland provides bank reconciliation for our clients. We help you identify lost checks and deposits, as well as unauthorized wire transactions that may signify embezzlement. If there are any excess or unjustified charges from your bank, we can detect and help prevent them by making sure the transactions are posted correctly. In addition, you can develop a stronger sense of your business’ overall well-being and specific cash flow management needs.
Financial Statement Generation
At key moments in your business’ launch and growth, you will need to report financial information to banks, investors, and other potential lenders. Two particular documents serve as the cornerstone of this report: your income statement, also called a profit and loss statement, and your balance sheet.
Appel CPA drafts financial documents as part of our accounting services, including income statements and balance sheets. We accurately track your revenues and expenses, dramatic increases in product returns or cost of goods sold, and whether any areas are over or under budget. We also make sure your balance sheet can give you a quick, accurate idea of your business’ capabilities, if it can handle the natural ebbs and flows of operation, and if it is able to expand or avoid inevitable cash shortages.
General Ledger Cleanup
The general ledger is the core of your company's financial records. The documents based off of the general ledger are the main sources of information for your “books.” Any mistake or problem on a general ledger will trickle down into your books, throwing off the entire accounting system.
Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or unrecorded payments. We then 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 service, so please feel free to call us whenever you have a question or concern. Our firm is happy to help you address the concerns your business faces as they arise.
Contact Us for Your Accounting Needs
Appel CPA provides accounting services for the small businesses near Portland. For more information about these services, call our firm today.