A general ledger is a company's set of numbered accounts for its accounting records. The ledger provides a complete record of financial transactions over the life of the company. The ledger holds account information that is needed to prepare financial statements and includes accounts for assets, liabilities, owners' equity, revenues and expenses.

Bookkeeping is the recording, on a day-to-day basis, of the financial transactions and information pertaining to a business. It ensures that records of the individual financial transactions are correct, up-to-date and comprehensive. Accuracy is therefore vital to the process.

An accounting system is the collection, storage and processing of financial and accounting data used by internal users to report information to investors, creditors and tax authorities. An accounting system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. An accounting system combines traditional accounting practices, such as the Generally Accepted Accounting Principles (GAAP), with modern information technology resources.

Payroll is the process by which employers pay an employee for the work they have done. Any business with employees should have a payroll established. Although, payroll seems like a mundane task, it involves many aspects including, withholding taxes from each paycheck and making sure accurate funds are paid to the correct government agency. Payroll duties can create a huge burden and unwanted stress for small business owners. A missed deadline or incorrect filing of taxes can result in fines or jail time. To avoid these issues, small and middle-sized businesses can benefit from using payroll systems.

Cash budgeting is a process of predicting cash inflows and allocating cash outflows for a specific time period. For this reason, cash budgeting relies heavily on accurate cash flow forecasts. It also requires effectively managing activities such as customer billing and collections, short-term investing and accounts payable disbursements. The goal is to strike a cash reserve balance that is neither too much nor too little but still allows the business to pay its daily operating expenses.

A document or spreadsheet outlining an individual's financial position at a given point in time. A personal financial statement will typically include general information about the individual, such as name and address, along with a breakdown of their total assets and liabilities. Assets would include any account balances in checking or savings accounts, retirement account balances, trading accounts and real estate. Liabilities would cover items such as credit card balances, loans and mortgages.

Attractive benefits packages are more important than ever for recruiting and retaining key employees, but the complex and ever-changing rules and regulations associated with qualified retirement plans can be too much to manage on your own. Our employee benefits plan department can help you design, implement, and administer a qualified retirement plan that complies with current legislation and provides value both to you and your employees.

We know one of your top priorities is paying less tax. This is best accomplished with smart tax planning. Whether you’re an individual, corporation, partnership, estate or trust, we can accommodate your needs. We provide you with a seasoned tax specialist who will work with you throughout the year to develop a tax-saving strategy that is tailored to your unique situation.

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. We can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

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