Bookkeeping & Small Business Accounting Services in San Martin and the South Bay

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 helps:

• Identify lost checks, deposits, or unauthorized wire transactions

• Detect excess or unjustified bank charges

• Ensure proper posting by your bank

• Detect and prevent potential embezzlement

• Give you an accurate picture of your cash flow

 

Why does it matter? Because you can’t really know how your business is performing if accounts aren’t reconciled and properly recorded. Solid cash management not only saves you money — it can make you money.

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Income Statement (Profit & Loss)

An income statement itemizes all your revenues and subtracts all your expenses to calculate your profit or loss for the period. With an income statement, you can:

• Track revenues and expenses to monitor business performance

• Spot areas that are over or under budget

• Identify items causing unexpected costs (supplies, returns, COGS, etc.)

• Estimate your income tax liabilities​

 

Balance Sheet

A balance sheet provides a snapshot of your business’s financial health at a specific moment. This critical report helps you:

• Analyze trends in receivables and payables

• Assess your ability to expand

• Plan for normal revenue and expense swings

• Determine if cash reserves need bolstering

• Provide solid documentation to lenders and vendors​

 

General Ledger Maintenance

The general ledger is the backbone of your accounting records. Every transaction flows through it. When errors exist in your ledger, your entire reporting structure is off.

We review your general ledger monthly to find and fix any discrepancies, such as double billings or missing payments, so you always have accurate, audit-ready books.