Accurate and Timely Records are Key to Your Business Success
Our team of accountants and bookkeepers ensure your books are balanced by accurately logging, updating and analyzing your business transactions.
Accounting for Operational Efficiency and Business Growth
Maintaining accurate financial records is crucial to the success of any small business, however it can be quite confusing and complicated for business owners, especially for start-ups.
We take on the daunting task of monitoring and recording your company's financial transactions, and accurately complete your monthly financial statements, so you can focus on your current operations and future growth.
Our finance and accounting services Include:
Our experienced bookkeepers will record, organize, secure, and retrieve financial transactions for your company each month in a professional and timely manner. If you like, we will even pay your bills for you from your accounts.
• Bank Reconciliation
Monthly, our team will complete a careful comparison, proof and reconciliation of your company's bank account statement with your checkbook balance.
• Sales Tax Reports
Our professionals will file and pay your sales tax online, whether your business is in Rhode Island or Massachusetts.
• Post Credit Card Charges
Our bookkeepers will record any expenses that are specifically from credit card payments and produce a credit card balance for you as well
• Financial Statement Prep
Each month we will provide you with carefully prepared financial statements for your business, and review them with you to ensure you understand any issues that our team identifies.
These statements include your income statements, statements of retained earnings, statements of cash flows as well as:
• Monthly Operating Statements
A Profit and Loss (P&L) statement shows your monthly breakdown of sales, cost of sales, along with fixed and variable expenses, so you can determine your profit or loss for the month.
• Balance Sheet
We will summarize your total business assets, liabilities, and net worth on a monthly basis, so you can make decisions about new capital expenditures, securing new loans or incurring additional debt.
• General Ledger Report
Each month, our firm will provide a detailed record of dates, check numbers, payees and amounts of all expenses for each of your business accounts. Whether you prepare your records by hand or use accounting software, this report is an important check and balance for your assurance and confidence.
What Should I Bring To My Business Consultation?
• Last Three Months of Bank Statements or Check Stubs
• Last Year's Business Tax Return
• Last Three Months of Credit Card Statements
• QuickBooks Access
• Business's Bank Information
Please Note: This is a generalized list of what is required for a business consultation. As each business's needs will differ, we will notify you on what to specifically bring when booking your initial appointment.
Schedule a Free 1 Hour Consultation
East Providence Providing Emergency Loan Funds
The East Providence Mayor's Office has recently announced that the city will be providing two emergency loan fund programs for small businesses. The loan programs will be offered to small businesses with no payments or interest for the first six months; these are designed to help with short-term financial needs
Small Businesses Struggle To Hang On Awaiting Government Loan Relief
Many states have shut down a number of businesses that were deemed "non-essential" and others who remain open are seeing a huge loss in sales. Small businesses are only estimated to have 26 days of cash reserve and they feel they are running out of time waiting on the government for loan relief.
Group Warns That A Number of MA Small Businesses Won't Survive COVID-19 Shutdowns
The COVID-19 pandemic is especially hitting small businesses hard as many of them are shut down or restricted in the services they can offer. Accoridng to the Massachusetts Fiscal Alliance, a large number of small businesses may close permanetly due to the shutdowns from Governor Baker.