Bank Reconciliation – On an ongoing basis, there is generally a difference between what the business shows in the cash account (book balance) and what the bank shows (bank balance). The bank reconciliation brings to light these discrepancies to create an understanding and reconcile the differences will prevent costly mistakes. Potential losses are mitigated by uncovering fraudulent activities earlier.

Financial Statement Preparation – The all important preparation of financial statements is the most important step in the financial accounting process. These regularly, scheduled reports include the balance sheets, income statements, statement of cash flows, and finally retained earnings statement.

Financial Statement Analysis  – The next step in good business financial fitness.  This is your review, on a regular, cyclical basis for maintaining financial fitness. The purpose of financial statements is to provide pertinent information on the financial position (Balance Sheet), profitability (Income Statement) and operating, investing, and financing activities (Cash Flow Statement) of a company.

Month-end closing support – Why do businesses utilize month-end closing processes? Month-end closing is an accounting procedure performed at the end of each month to close out the accounting period. It adjusts for accrual accounts such as wages payable, interest payable, depreciation, etc. These items are recognized in the current period but will be paid in a future period.