Monthly Reporting. . . Rizzolo Group offers monthly financial statement preparation, business counseling and other accounting bookkeepingservices to provide a quick and accurate picture of your business activity. Financial statements provide owners and managers with current financial data thus enabling them to optimize their profits, keep their accounts receivable current, make sound business decisions and much more. They also serve as documentation in the event of an accounting audit. Rizzolo Group can also prepare a business plan template for use in managing your business.
Income Statement. . . This report, also called a Profit and Loss Statement, presents your monthly breakdown of sales, cost of sales, expenses and profit or loss. It can be formatted to accommodate any industry as well as those businesses with multiple divisions or departments. This report is ideal for gauging a business' performance with regard to targeted levels such as sales, gross profit and overhead. This is a must for clients of all Stuart CPA, West Palm Beach CPA and other accounting firms and CPA firms.
Balance Sheet . . . The Balance Sheet is a snapshot of your total business assets, liabilities and net worth at a given point in time. To the extent that a business' assets exceed its liabilities; that business has net worth. This report is particularly useful in determining whether your business is adequately capitalized, what your levels of receivables and debt are and will also enable you to make decisions about capital expenditures or how to improve profits. Additionally, the Balance Sheet is used as an analytical tool by Rizzolo Group. Rizzolo Group will compare various components of the Balance Sheet in a process known as Ratio Analysis. This process allows for the further refinement of your financial data in the never-ending quest to maximize profits. The Balance Sheet is definitely another must for clients of a Stuart accountant, West Palm Beach and Jupiter accounting firms or other accounting and CPA firms.
Cash Flow Documents. . .
There are two types of cash flow documents that need comprising on a monthly basis. The first document is the Cash Flow Forecast. The forecast is your estimate of your cash income and expenditure over a period of time: usually twelve monthly forecasts per year. The second type of cash flow document is a Cash Flow Statement. The statement records your actual cash income and expenditure at the end of the forecast period. The closer these two documents are, in financial terms, the more understanding and control you have over your business.
Budget Report. . .
Many businesses and organizations prepare annual budgets. Budgets provide the basis for controlling(monitoring and revising) activities of a business or other organization by comparing actual performance (actual sales or costs) with budgeted performance (budgeted sales or costs). A budget report has columns for budgeted and actual amounts. The difference between the two is known as the variance. If your business utilizes a budget, Rizzolo Group can incorporate your budget data into your reports and provide you with your variances.
General Ledger Report . . . The General Ledger is the main accounting bookkeeping record of a business. It is the collection of a group of accounts that supports the value items shown in the major financial statements. It will usually include accounts for such items as assets, liabilities, revenue and expense items, gains and losses. Each General Ledger is divided into two sections; the left hand side lists debit transactions and the right hand side lists credit transactions.This gives a 'T' shape to each individual general ledger account. The General Ledger provides a record of the dates,check numbers, payees and amounts of all expenses and other disbursements within each of your business accounts. As the main accounting record, this report is also extremely useful in the event of an accounting audit.
Bank Reconciliation . . . Careful comparison and proof of your bank account statement with your checkbook balance each month to ensure you are working with the correct total. Your Rizzolo Group bookkeeper will reconcile your cash account statements to the penny.
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