Accounting & Bookkeeping

QB-Certified-ProAdvisor-OnlineEaton’s professional team includes two Certified QuickBooks ProAdvisors and maintains membership with the American Institute of Professional Bookkeepers (AIPB).

Whether you need a full-charge bookkeeper on a weekly basis or someone that handles your books monthly/quarterly/annually – we aim to optimize! Our accounting staff provides comprehensive assistance for all your financial needs in a stream-lined, efficient manner. We offer QuickBooks setup, cleanup, review and maintenance both on-site and remotely no matter what the industry.


Cleanup / Setup Process

Ideally, having QuickBooks setup correctly from the start will save you from headaches down the road. We can do a complete setup of your bookkeeping system or review your current records, correcting any errors and providing necessary cleanup. And we have the technological resources to reduce data entry even if you only have printed documents or PDF versions of your financial statements. We have a teamwork mentality and can also work with your current bookkeeper and/or CPA to suggest any enhancements. If you are unsure which software to use, or are contemplating moving from QuickBooks Desktop to QuickBooks Online, we can assist in that decision.

Bookkeeping Services Detail

Monthly and Quarterly Bookkeeping Services

Bookkeeping can be very time-consuming and it might NOT be cost-effective to hire an employee to do it for you. We offer comprehensive all-inclusive bookkeeping at a flat or hourly rate, making to your job easier and providing you more time to focus on your business. Some of our services include:

  • bank & credit card account reconciliation
  • year-end adjusting journal entries
  • fixed assets, liabilities and depreciation
  • management of inventory records
  • A/P – invoicing and customer payments
  • A/R – expenses and bill payments
  • sales and use tax reporting
  • 1099 and W-2 payroll reporting

Bank Reconciliation

Reconciling your accounts each month allows us to keep your bank account activity monitored and up to date:

  • Identify lost checks, lost deposits and unauthorized wire transactions
  • Detect and prevent excess/unjustified bank charges
  • Ensure transactions are posted correctly by your bank
  • Detect and prevent embezzlement of funds from within your company
  • Want to know how your business is doing? You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement
  • Manage cash effectively, proper management not only saves money, it makes money
  • Sleep more peacefully at night knowing your bank accounts are reconciled, in balance and those funds, accounts, and transactions are properly accounted for

Annual Bookkeeping & Accounting Services

We provide year-end bookkeeping services for companies that have not kept up with their bookkeeping throughout the year and need to catch-up before filing taxes. We also can provide a thorough review of your records, discovering and correcting any errors before closing out your books. A custom quote for our service will be given at the time of the request.

Financial Reporting

Income Statement

An income statement, also known as a profit and loss statement, is an itemized list of all your revenue and all your expenses and concludes if you had a profit or loss for the period. Your company’s income statement is an extremely useful tool as it can…

  • Track revenues and expenses so that you can determine the operating performance
  • Determine what areas of your business is over-budget or under-budget
  • Identify items that are causing unexpected expenditures
  • Track increases in product returns or cost of goods sold as a percentage of sales
  • Determine your income tax liability and eligibility for a line of credit

Balance Sheet

A balance sheet gives you a snapshot of your financial condition at a specific moment in time. A balance sheet helps you…

  • Quickly get a handle on the financial strength and capabilities of your business
  • Identify and analyze trends, particularly in the areas of receivables and payables (for example, if your receivables cycle is lengthening, maybe you can strategize to be more aggressive in your collection efforts)
  • Determine if your business is in able to expand
  • Determine if your business can handle the financial ebbs and flows of revenues and expenses
  • Determine if you need to take immediate steps to bolster cash reserves?
  • Determine if your business can slow down payables to forestall an inevitable cash shortage?

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.

Key Performance Indicators (KPI’s)

Do you know what your Profit Margin Ratio is? Or your Working Capital or Accounts Receivable Turnover numbers are? Understanding and knowing your company’s key performance indicators and then tracking these values from dashboard reports allows you to see an entire analysis of your financial health. We can help in determining your KPI’s and generate custom reports so that you can stay current in observing the trends of your goals and financial success.

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 or annually allows us to hunt down any discrepancies such as double billings or unrecorded payments. We also are experts in making the necessary adjusting journal entries to correct these discrepancies.

Pricing

We first want to find out a little more about your business and your accounting records before we quote you an exact price. Rest assured that we work with many different clients in all types of industries and our rates are designed to fit their budgets. Your exact needs will be determined and priced accordingly.