{"id":2452,"date":"2019-11-12T05:01:32","date_gmt":"2019-11-12T05:01:32","guid":{"rendered":"https:\/\/hirschhirschcpa.com\/?page_id=2452"},"modified":"2019-12-27T20:58:06","modified_gmt":"2019-12-27T20:58:06","slug":"small-business-accounting","status":"publish","type":"page","link":"https:\/\/hirschhirschcpa.com\/small-business-accounting\/","title":{"rendered":"Small Business Accounting"},"content":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Small Business Accounting&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!<br \/>\nEach month or quarter we&#8217;ll do the following things for you&#8230;<\/p>\n<ul class=\"flist2\">\n<li>Generate an income statement<\/li>\n<li>Generate a balance sheet<\/li>\n<li>Clean up your general ledger<\/li>\n<li>Provide unlimited consultations<\/li>\n<\/ul>\n<p>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.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Income Statement&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]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.<br \/>\nAn income statement allows you to&#8230;<\/p>\n<ul class=\"flist2\">\n<li>Track revenues and expenses so that you can determine the operating performance of your business.<\/li>\n<li>Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.<\/li>\n<li>Track dramatic increases in product returns or cost of goods sold as a percentage of sales.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Balance Sheet&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]A balance sheet gives you a snapshot of your business&amp;#39; financial condition at a specific moment in time.<br \/>\nA balance sheet helps you&#8230;<\/p>\n<ul class=\"flist2\">\n<li>Quickly get a handle on the financial strength and capabilities of your business.<\/li>\n<li>Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.<br \/>\nBalance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Maintaining a Clean General Ledger&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]The general ledger is the core of your company&amp;#39;s financial records. These records constitute the central &#8220;books&#8221; of your system.. Since every transaction flows through the general ledger,a problem with your general ledger throws off all your books.<br \/>\nHaving us review your general ledger system each month allows us to hunt down any<br \/>\ndiscrepancies such as double billings or any unrecorded payments. Then we&#8217;ll fix the discrepancies so your books are always accurate and kept in tip top shape.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Unlimited Consultations&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Small Business Accounting&#8221; font_container=&#8221;tag:h3|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]As a small business owner you have more important things to do than to keep your own books. We take<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business Accounting Services | Long Island &amp; NYC<\/title>\n<meta name=\"description\" content=\"Small business accounting services on Long Island by Warren Hirsch, CPA. 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