The Ashton Group PA

Introduction: You have more significant things to do than to keep your own books, as a small business owner. We handle your books for you, so you can get back to the job of generating profits and running your business! We are retail and automotive specialists! Each month or quarter we'll do the following things for you: - Generate an income statement - Reconcile your bank account - Generate a balance sheet - Provide unlimited consultations - Clean up your general ledger These tasks form your small business accounting system's solid foundation. You can tailor the package of services you get by adding tax planning, tax preparation, payroll, or any of our other services. Bank Reconciliation Reconciling your business checking account every month enables us to keep your taxes, bank account and accounting up to date. Letting us reconcile your account every month permits you to: - Prevent and detect unjustified/excess bank charges and ensures the bank correctly posts your transactions - Identify unauthorized wire transactions, lost checks and lost deposits - From within your company, prevent and detect embezzlement of funds - Manage your cash more effectively. Proper management of funds makes money for you, as well as saves money. - Know how your business is doing? You really can't know unless all accounts are properly accounted for and reconciled on your financial statement. - Sleep Better. You will sleep more peacefully at night, knowing your bank accounts are reconciled, in balance and that all escrow funds, checks, accounts, and disbursed funds are properly accounted for. - Protect yourself. By timely reconciling and objecting promptly to your bank regarding any unauthorized, forged or fraudulent checks presented to your bank and paid by that bank, your agency can be relieved of responsibility for the shortfall and transfer to the bank the risk. This reason to reconcile alone should be enough. Crime exists. Income Statement An income statement, also known as a profit and loss statement, basically adds a detailed list of all your revenues and subtracts the itemized list of all your expenses to come up with the period's loss or profit. An income statement lets you: - Determine what areas of your business are under-budget or over-budget - Monitor expenses and revenues, so that you can assess your business' operating performance - Identify particular items that are causing unexpected expenditures, like supply expenses, phone, mail, or fax - Determine your income tax liability - Track dramatic increases in cost of goods sold or product returns as a percentage of sales Balance Sheet A balance sheet provides you a snapshot of your business' financial condition at a particular moment in time. A balance sheet helps you: - Identify and analyze trends, specifically in the area of payables and receivables. For example, if your receivables cycle is lengthening, perhaps you can collect your receivables more aggressively. - Quickly get a handle on the financial capabilities and strengths of your business - Assess if your business is capable of expanding - Determine if you have to take immediate steps to boost cash reserves - Determine if your business can handle easily the normal financial flows and ebbs of expenses and revenues - Income statements and balance sheets are the most basic elements in giving financial reporting to potential lenders such as vendors, banks and investors, who consider how much credit to grant you - Determine if your business has been slowing down payables to avert an inevitable cash shortage Maintaining a Clean General Ledger The core of your company's financial records is the general ledger. These records comprise the central "books" of your system. Since each transaction flows through the general ledger, a general ledger problem throws off all your books. Letting us review monthly your general ledger system allows us to hunt down any discrepancies such as any unrecorded payments or double billings. Then, we'll fix the discrepancies, so your books are always kept in tip-top shape and are accurate. Unlimited Consultations We are constantly available to spend time with you, so you understand fully how to interpret and utilize the financial information we offer. Our price already includes consultations, so please feel free to contact us whenever you have a concern or question. Starting at $75.00 mo and up, visit our website, or call us for more details.