ACCOUNTING

Accounting Services

Keeping your accounting records up-to-date often is a time-intensive and expensive practice for almost any business, rendering little apparent added value. Have you been facing problems understanding where your money is going? Do you happen to be putting in hours of your precious time handling the books? Let our team at B&D Tax & Accounting Services LLC help save your time, effort, and money, while also minimizing your financial pressure by means of our outsourced bookkeeping services. The advantage to you involves lowering administration expenses, reassignment of the workforce to concentrate on your primary business pursuits, and the certainty that your accounting data is going to be up-to-date and correct.

Every client’s requirements are unique, so we take great pride in ourselves on having the ability to offer personalized bookkeeping services that are designed particularly to suit the preferences of every client.

Books cleanup
Monthly, quarterly, & year-end reviews
Preparing financial statements
Year-end adjustments
Payroll & sales tax filling
Management reporting
Financial analysis
Cash flow & budgeting

Small Business Accounting

As a small business owner, you have more important things to do than to keep your books. Let Brittney Dunn, CPA LLC assist you with your accounting needs, so you can get back to the job of running your business and generating profits.

Each month or quarter, we’ll do the following things for you:

Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide monthly consultations

These tasks form the solid foundation of your small business accounting system. Our packages are customizable to fit your business needs. Or firm also specializes in payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up to date.

Having us reconcile your account each month allows you to…

Identify lost checks, lost deposits, and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Help to detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can’t know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money; it makes money for you.
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent, or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks, and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to…

Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.

A balance sheet helps you:

Quickly get a handle on the financial strength and capabilities of your business
Identify and analyze trends, particularly in receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
Determine if your business is in a position to expand
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
Decide whether you need to take immediate steps to bolster cash reserves
Determine if your company has been slowing down payables to forestall an inevitable cash shortage

Balance sheets and income statements are essential in providing financial reporting to potential lenders such as banks, investors, and vendors, considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your public ledger throws off all your books.

Reviewing your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the differences, so your books are always accurate and kept in tip-top shape.

Monthly Consultations

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 price for our monthly clients, so please feel free to call us whenever you question or concern.

ACCOUNTING

Accounting Services

Small Business Accounting

Bank Reconciliation

Income Statement

Balance Sheet

Maintaining a Clean General Ledger

Monthly Consultations

CONTACT US

Shreveport : Louisiana

Office: 839 Kings Highway Suite 125 Shreveport, LA 71104

Phone: 318-734-9829

Email: [email protected]

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