- Full Cycle Bookkeeping
- Monthly Close
- Payroll Processing
- Payroll Reporting
- W2 and 1099 Preparation
- Sales Tax Reporting
- System Implementation
- Internal Controls
- Financial Reporting
- Management Reporting – customized to your needs
- Notary Services
We offer fractional accounting services to bring an accounting team to you.
Large corporations typically have in-house accounting and finance teams that produce managerial accounting reports and work with external teams to create financial accounting and tax returns. Our team is proficient in managerial reporting, financial reporting, and working directly with a CPA of your choice to file annual returns. We take the guesswork out of accounting by working directly with you monthly, quarterly, or annually – customized to fit your needs.
Industry Experience
Construction
Faith Based
Food & Beverage
Non-Profit
Professional Service Organizations
Retail
Managerial Accounting vs. Financial Accounting – we offer both!
Many business owners find themselves frustrated with reading and interpreting financial statements. You are not alone! One of the fundamental misconceptions in accounting is that all accounting is the same. A vital piece to understanding the financial status of your business is understanding the difference between financial accounting and managerial accounting and how the two complement one another.
Financial Accounting to explain your financial performance and overall health to outside parties, focused on GAAP compliance. Think – Investors, creditors, Internal Revenue Service. Your tax return will be produced based on your annual financial statements, which compile a balance sheet stating current assets, liabilities, and equity; a profit and loss statement showing annual revenue and expenses; and a cash flow statement showing how cash was utilized for the current period.
Managerial Accounting differs from Financial Accounting because it is primarily used for internal purposes, focusing on an organization’s internal financial process. The main objective in managerial accounting is to maximize profit while minimizing losses by focusing on budgetary management, business strategies, and implementing internal controls. Data presentation is organized to predict financial inconsistencies, assisting managers in making critical financial decisions.