As a small business owner, you have more important things to do than to keep your own books and to handle the many related accounting functions.  We’ll take care of the bookkeeping and accounting for you, so you can get back to the job of running your business and generating profits.

Small Business Accounting

We provide flexible on-site or off-site services. YourBizManager has been providing trusted, flexible accounting and on-going bookkeeping  services for small to medium sized businesses starting at four (4) hours per month.  At your offices or ours, here are accounting services that may be customized for your situation.

Each month or quarter we’ll perform the following tasks for you, which may be customize for your needs.

Bank Reconciliation: Reconciling your business checking account each month allows us to keep your bank account, accounting, and taxes up-to-date. Having us reconcile your account each month allows  you to…

• Identify lost checks, lost deposits and unauthorized wire transactions.
• Detect excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
• Manage your cash more effectively to save money.

Income Statement: 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. 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 expense items that should be eliminated
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
• Determine your income tax liability.

Balance Sheet: Balance 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. A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time and helps you…

• Quickly get a handle on the financial strength and capabilities of your business.
• Identify and analyze trends, particularly in receivables and payables.
• Determine if your business can handle the normal financial ebbs and flows of revenues and expenses.
• Determine if your business is able to expand.
• Determine if you need to take immediate steps to increase cash reserves.

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, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to find any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in good shape.  Like many others, choose us to be your west-side Los Angeles accounting and bookkeeping firm that you can depend on.