Professional Accounting and Bookkeeping Services

Time is money, and as a business owner, this is even more crucial. You have more important things to do than to spend all day managing and balancing your books. Here’s where eProTax comes in. Avail our bookkeeping service and we’ll take care of all your books for you, so you can focus on doing what really matters, running your business and generating profit!

Each month or quarter, we will;

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

These tasks form the solid foundation of your business’s bookkeeping system. We even offer a custom package deal where you make your own package. Just pick and choose which services you want like payroll, tax planning, tax preparation, or any of our other esteemed accounting and bookkeeping services.

Bank Reconciliation

Our team of reconciliation experts will help reconcile your business accounts each month to keep your bank account, accounting books, and taxes up-to-date.

Having us reconcile your account each month allows you to;

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detects and prevents excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement in your company.
  • Know how your business is doing financially.
  • Manage your cash flow more effectively. Proper management of funds not only saves money but helps you make money. 
  • 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 alone is reason enough to reconcile. 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 showcases whether your business is profitable or not by adding an itemized list of all your revenue and subtracting it with all your expenses.

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 the area of receivables and payables.
  • 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.
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage.

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, the slightest problem in your general ledger will throw off the accuracy of all your books.

By having us review your general ledger system each month, we’ll sniff out any discrepancies such as double billings or any unrecorded payments. Then we’ll rectify any and all discrepancies so your books are always accurate and maintained in tip top shape.

Unlimited Consultations

We are always here to help you fully understand how to best interpret and utilize financial information. We offer financial consultation to all our customers, free of charge, so please feel free to call us whenever you have a question or concern.

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Copyrights © 2022 eProTax. All Rights Reserved.

Powered By – Dymentions