Small Business Accounting in Oak Park
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Merritt Financial Services, LLC’s Small Business Accounting Services
We offer a wide range of accounting services for small businesses that can be carefully selected and modified to suit your company’s unique needs.
Here are a few of the more common ones that our clients ask for:
- Maintaining a chart of accounts
- Reviewing assets and liabilities
- Processing payroll
- Evaluating equities such as compensation for you and other owners
- Consolidating overhead expenses
- Balancing bank and income statements
- And much more!
If you have any questions related to these services or need assistance with something not listed here, don’t hesitate to drop us a line!
In-Depth Consultations at Your Accounting Firm
During your initial consultation at our accounting firm, we’ll speak with you in-depth. We want to hear about your current financial situation as well as your future goals. We’ll take a look at your business as a whole and assess its monthly totals. Is your business growing? Shrinking? Staying the same? Drawing from years of training and experience, we’ll help you organize, optimize, and strategize your small business accounts.
Tips for Small Business Accounts
To help you get started, we’ve compiled a short list of accounting basics. Here are four general tips for managing your company’s accounts:
Keep your books organized. We understand that this is harder said than done, but it’s imperative to your business. If you’re not sure how to go about organizing your current system, call us today. We can provide you some time-tested and proven advice on how to improve the efficiency of your bookkeeping system.
Balance Your Books
In addition to bookkeeping, it’s important to review your bank statements and records to make sure that everything adds up. We can provide you with simple equations that will allow you to check everything quickly and accurately. Keeping a close eye on this will make sure that mistakes are caught before they become an issue.
Invest in an Accounting System
To make your upkeep a little easier, invest in a basic accounting software system. There are several online to choose from, and we can also give you a few pointers on which one will work best for you. A modern and secure accounting system will make everything easier.
Record All Transactions
We cannot stress the importance of detailed record-keeping enough—even if you just stash away your receipts in an envelope—make sure you keep them. Even if you’re unsure they will be of value down the line, it’s crucial to have an accurate record of expenses. Our accounting team is familiar with a variety of record-keeping systems. We can help you implement one that is easy-to-use and covers all your bases.
Contact Us for Small Business Accounting in Oak Park
If any of these services interest you, or if you have another one in mind, our specialists are here to help. Contact us now to speak with a certified accounting consultant!