Small Business Accounting

As a small-business owner, you have more important things to do than to spend all of your time on your own books. We take care of this for you so you can get back to the job of running your business and generating profits.

Each month or quarter, we'll do the following for you:

These tasks form the solid foundation of your small-business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation or any of our other services and offerings.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting and taxes up to date.

Allowing us to reconcile your account each month allows you to:

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from inside your company.
  • Know how your business is doing. You can't really know this unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly reporting any unauthorized, fraudulent or forged checks to your bank, you can relieve your agency of responsibility for the shortfall and transfer liability to the bank. This is one of the most significant reasons to reconcile.
  • Sleep better. You will sleep more peacefully at night knowing your bank accounts are reconciled and in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement

An income statement, otherwise known as a profit-and-loss statement, adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to determine a profit or loss for the period.

An income statement allows you to:

  • Track revenues and expenses so you can determine the operating performance of your business.
  • Determine what areas of your business are over budget or under budget.
  • Identify specific items that are causing unexpected expenditures, such as phone, fax, mail or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet provides you with a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

  • Quickly get an overview of the financial strength and capabilities of your business.
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, perhaps you can collect your receivables more aggressively.
  • Determine whether your business is in a position to expand.
  • Determine whether your business can easily handle the normal financial ebbs and flows of revenues and expenses.
  • Determine whether you need to take immediate steps to bolster cash reserves.
  • Determine whether your business has been slowing 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 attempting to determine your creditworthiness.

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.

When we review your general ledger system each month, we can uncover any discrepancies, such as double billings or any unrecorded payments. Then we fix the discrepancies so your books are always accurate and in excellent shape.

Unlimited Consultations

Our goal is to always make ourselves available so you will fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have questions or concerns.

If you'd like to receive a free consultation on our Small Business Accounting Service, please complete this form.

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Get In Touch

At SchillingCPA, Inc., we've been serving the accounting needs of Roseville, CA and the surrounding areas for years. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. We will happily offer you a FREE initial consultation to determine how we can best serve you.

Thank you for visiting. We look forward to working together!

SchillingCPA, Inc.

4010 Foothills Blvd Suite 103, PMB 96,
Roseville, CA 95747
T: (866) 932-2721
F: (866) 568-1247


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