Do nothing, flowers bloom and grass grows on its own, sooner or later you'll have weeds. Before the weeds of your financial statements bog you down, call us to help. In this dwindling economy, you have to make the very best of your money and effectively budget your time to do so.
We understand that everyone who owns a business doesn’t have time to become a CPA but you don’t have to. Engage Richardson & Associates, LLC in caring for your monthly accounting and bookkeeping needs. Our services include everything from the trial balance to the month-end financial statements. We not only prepare your statements, we teach you what the mean and show you how to use them as a tool.
Don’t Understand Your Financials? Statements 101
Income Statement - The income statement summarizes your income and expenses for the month, so you can tell whether you are operating at a profit or loss.
Balance Sheet - The balance sheet provides a financial snapshot of your company as of a specific date. The report calculates how much your business is worth.
Cash Flow Statement - The cash flow statement shows how your cash position changed over a period of time. It shows the amount of cash earned from profit, where you received additional cash, and where your cash was spent.
Cash Flow Forecast - The cash flow forecast helps you forecast how much cash you will have by projecting your cash inflows, cash disbursements, and bank account balances on a week by week basis.
Account Receivable Report - An accounts receivable report summarizes the status of unpaid invoices and statement charges in accounts receivables. For each customer who owes money, the report shows:
What the customer owes for the current billing period
What the customer has not paid from previous billing periods.
Subtotal balances for each job (if the customer has multiple jobs with your company).
Vendor Balances - This report shows your company's unpaid balance with each vendor.
Bank Reconciliation - This is a statement explaining any difference between bank book balance kept by the business and the bank statement issued by the banker.
We are equipped with accounting software to keep track of your daily revenue and expenditure