BOOKKEEPING

Bookkeeping is typically a time-consuming and often frustrating task — a “necessary evil” that distracts you and your staff from focusing on your products, services, and customers. Let us ease the burden of financial reporting, and deliver to you a level of expertise that few small to mid-sized companies could afford to maintain in-house.Each month, we prepare a complete set of easy-to-read management reports that give you an accurate, up-to-the-minute picture of your company’s financial status. Below is a list of some analyses which you would receive with a Prestige professional that will make a difference to your business.

BALANCE SHEET

The Balance Sheet displays the company's assets, liabilities and owner's equity at a particular date.

INCOME STATEMENT / PROFIT & LOSS

The Income Statement displays the sales, expenses and net income (loss) for a particular period of time.

STATEMENT OF CASH FLOW
The Statement of Cash Flows displays the company's beginning and ending balances of cash, and the sources and uses of cash for a particular period of time. Cash flows are separated into three categories; operating, investing and financing activities.

BANK RECONCILIATION

The Bank Reconciliation Report displays the cash balance shown on the company's books at a particular date and reconciles this balance with the amount shown by the company's bank statement.

JOURNAL ENTRY AND CHECK REGISTER

The Journal Entry and Check Register, displays by date, the company checks that were written during the month with the associated general ledger accounts they were charged to.

DETAIL GENERAL LEDGER

The Detail General Ledger Report displays, by general ledger account, all activity to the accounts over the current month.

PAYROLL REGISTER

The Payroll Register displays alphabetically, by individual, all employees who were paid during the month. The employee’s gross pay with the related payroll taxes and other deductions are shown.

INCOME STATEMENT BY MONTH

The Company’s income statements for the most current twelve-month period are displayed by month.

FINANCIAL ANALYSIS

The Financial Analysis Report compares the company's most current month balance sheet with the prior month balance sheet. Changes in the balances of assets, liabilities and owner's equity are shown by type of account.

OPERATIONS ANALYSIS

The Operations Analysis Report displays sales, cost of sales and expense by category. The gross profit dollars and percent of gross profit are shown for each type of sales category. Each expense category is shown as a percent of total sales and total gross profit. The information is displayed for the current month, year-to-date and prior year.

BUSINESS ANALYSIS

The Business Analysis Report is a powerful tool for analyzing the financial performance of a business. Financial information from the Balance Sheet, Income Statement and Cash Flow Statement are used to calculate key performance metrics.

ANALYSIS SLIP SHEET

A separate page titled, "Things we noticed this month," can be printed and included with the Elite statements. The page is in letter format and highlights important financial issues which should be addressed with you each month.

All personal and business information is strictly confidential and can only be shared if permission is granted by the client.