Summit Accounting Service offers a range of essential financial services to businesses and individuals, helping them manage their financial records and ensure accurate and up-to-date financial information. Here are some services that I offer:
Responsible for accurately recording financial transactions, such as sales, purchases, expenses, and payments, into the company's accounting system. I ensure that all transactions are properly categorized and documented.
Handle accounts receivable, which involves tracking and managing the money owed to the business by its customers. I also manage accounts payable, which involves tracking and managing the money owed by the business to its suppliers and creditors.
Reconcile the company's bank statements with its accounting records to ensure that all transactions have been accurately recorded and that there are no discrepancies.
Generate financial reports, such as income statements, balance sheets, and cash flow statements, which provide a snapshot of the company's financial health. These reports are crucial for making informed business decisions and assessing the company's performance.
Handle payroll processing, calculating employee wages, deducting taxes and other withholdings, and issuing paychecks or processing direct deposits.
Maintain the general ledger, which is a central repository for all financial transactions, making it easier for businesses to track and manage their financial activities.
Help businesses create and manage budgets, providing insights into financial planning and forecasting future financial performance.
Offer basic financial analysis, such as calculating key financial ratios, assessing financial trends, and identifying areas where the business can improve its financial performance.
Assist with gathering and organizing financial data for tax purposes. While I am not a tax professional, I can help ensure that the necessary financial information is ready for tax filing by working closely with accountants or tax advisors.
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