Accurate and timely bookkeeping and maintenance of various day to day accounting books in order to record financial transactions such as sales, purchases, income and payments is essential in running a business. A simple data entry error can have a significant effect on the financial statement. Therefore, decisions made based on wrong numbers will definitely have a negative impact on your company. An effective accounting and bookkeeping process must be able to track and maintain your income and expenses as well as collect the necessary financial information for your various tax returns.
As a small business owner you have more important things to do than to keep your own books. Our Virtual Bookkeeping Service will take care of your books for you, so you can get back to the job of running your business and generating profits!
Each month or quarter our Bookkeeper or Virtual Bookkeeper will do the following things for you...
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.
Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. Our Virtual Bookkeeper will take care of this task daily, weekly, or monthly depending on your company's needs.
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...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps 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 general ledger throws off all your books.
Having us review 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 discrepancies so your books are always accurate and kept in tip top shape.
We can add value by providing you with meaningful, well-organized financial records that ensure your business operations will run efficiently on a daily basis. Solid financial records are the foundation of a successful business. We can assist you with the day-to-day tasks associated with bookkeeping or take a leading role in your bookkeeping and financial administration.
ABA Tax Accounting’s Workflow of Client Accounting Online
With today’s technologies, completely paperless work product is possible. Each component of service, whether it’s paying bills, recording deposits, preparing payroll and financial statements, or handling tax compliance, are supported by a simple and consistent paperless process.
Pricing Policy and Packages
ABA Tax Accounting’s pricing policy is fixed, our quotes are not estimates. This means we charge your company a set price based on specific criteria. When you receive a quote from us price is all encompassing and there will be no hidden costs or miscellaneous fees. You will know exactly what it will cost you prior to accepting the engagement. Our quote is based on the information given. We stand behind our quote. However, if the actual circumstances of the agreed upon engagement is different than the information initially given, we reserve the right to adjust the price accordingly.
Pricing: For a business with monthly expenses: