Bookkeeping is the maintenance of detailed financial records of a company's earnings and expenses. Accounting and accountants, use the information collected by bookkeepers to help a company make financial decisions.
Our office has 20 years of experience in bookkeeping and accounting practices. We serve a wide variety of businesses and have a great understanding in the automobile, not-for-profit, towing, and related service businesses.
Many businesses make the grave mistake of either not maintaining their books and by mis-categorizing their expense. Failure to properly record and maintain your books will eventually become costly to your business. Most accountants will not file your business taxes without having a proper reporting of balance sheets, cash flows, profit and loss. Our office will maintain an accurate and reconciled book that can be given to your accountant for Tax purposes.
Rally offers:
• Year-round bookkeeping services
Our team will dedicate adequate time to providing accurate and up-to-date information on your company’s financial health allow you to meet the demands of your business without it affecting your daily operations.
• Financial Categorization of Vendors, Customers, Products, and Services
Proper categorization of revenue and expenses is crucial to your business’s financial success. If items are miscategorized, then your financial reporting will be wrong. Items that are to receive tax breaks, if categorized wrong, will become unknowable to your accountant, hurting your business from any tax relief you may be entitled to. Rally will ensure that your book is maintained according to GAAP (Generally Accepted Accounting Principles).
• Monthly and Yearly Reconciliations
Rally will have your book reconciled every month within a reasonable time period, provided that all documents are received on time. A yearly reconciliation will be done as well at the end of your fiscal year. Our reconciliation works with your preferred financial institution along with bookkeeping software.
• Financial Reporting
Financial reporting is what will allow a business to determine financial health. Reporting is a useful tool when making business decisions for growth. Most financial institutions will not provide funding or loans to businesses that cannot demonstrate proper cash flow, balance sheets, and or profit and lost margins. Rally will maintain your financial reports and will interpret what each report indicates for the business.
• Business Projects and Goals
Our office will create tailored business plans that can meet the needs of your business. These plans include short- and long-term goals, financial growth, expansion, projections, potential cost saving reductions, investment opportunities, and much more information that can assist your business in becoming financially, economically, and administratively organized.