If you are the owner of a small business, you always have heaps of work regarding your company’s finances. The fact is, there is still a need to go a professional bookkeeping service, like Elite Bookkeeping & Tax Services to take the stress off your shoulders.
Visiting with your certified bookkeeper is similar to going to your dentist. Time is money; the longer you delay your visit the more it will cost you.
First you need to know how to set up your business and to consider advantages and disadvantages of every business entity (LLC, Partnership or C Corporation, etc). Elite Bookkeeping & Tax Services’ affiliate companies can help with this! Contact American Corporate Enterprises, Inc., or AAA Corporate Services, Inc., and they will be glad to set up your entity for you or answer any questions you may have.
You can spend many hours away from your business learning about entities on your own or you can hire a specialist who saves you time and gives you qualified advice on how to protect your hard-earned money.
You are the ultimate specialist in your business. To be competitive in your field, you need to invest a lot of time. At the start, most of the entrepreneurs work an average of 12 hours a day.
In addition to your business tasks, can you learn everything about accounting and then handle it? Most likely the answer is no.
Your business’ finances are vital for your success, and your needs are unique. At Elite Bookkeeping & Tax Services, we take your individuality seriously, focusing on your business’ special situation and needs.
To make the right financial decisions for your company, you need Financial Statements; Balance Sheets, Income Statements and Statement of Cash Flow for every month of the business activity.
All of them are concerning to the company financial reports. What do you know from these financial reports are briefly described below.
From the Balance Sheet reports, you know what your company owns and what it owes. Other words, you know your company resources and obligations of your company.
From the Income Statement reports you know the economic performance of a company for the given period. Other words, you know your gross and net income.
From the Statement of Cash Flows reports you know the amount of cash generated and consumed by a company through the following three types of activities: operating, investing and financing.
The statement of Cash Flows is an important objective of the financial statements because it is somewhat insulated from the accounting estimates and judgments needed to prepare a balance sheet and an income statement.
Real world and real understanding of your company finances goes beyond numbers on a page to show to a small business owner how accounting and bookkeeping come into play in your company.
Without a good bookkeeping service, you can not plan ahead (business planning), get organized, stay informed on the financial matters of your company, avoid costly mistakes; reduce costs and save time.
Why do small business firms fail? Not always because of competition but because of lack of financial information. You are making money, but where does it all go? What is the main outsourcing of your finances? The right answer gives you a huge benefit for your company.
Other benefits you are getting if you go to a professional accountant or bookkeeper is the ability to focus on your core business, getting organized, staying informed, avoiding costly mistakes, reducing costs and saving time while improving your cash flow.
One more great benefit is the good timing — all these benefits work only if performed in the right time. Timing is the key to your business’s success. With the help of a qualified bookkeeping service like Elite Bookkeeping & Tax Services, you will have it under control and can focus on all the other duties that make your business successful and profitable. Good record keeping provides you the solid foundation needed for excellent business growth.
Your company’s reliable financial information eliminates the frustration from your small business company and your financial reports become the powerful tools for surviving in today’s business world.
For more information, contact Elite Bookkeeping & Tax Services at (800) 416-3820 or (775) 884-6188 Address: 123 West Nye Lane, Suite 103, Carson City, NV 89706. Visit our website at www.elitebookkeeping.biz