Costin and Kendall, CPAs is a full service, comprehensive accounting firm helping with your accounting and tax needs. Our firm provides a wide range of accounting, tax and management advisory services. We use a personalized approach by implementing a customized plan of action tailored to your specific needs.
Each month, quarter or annually we'll do the following things 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 tax preparation, tax planning, or any of our other services.
An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.
An income statement allows you to...
A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.
A balance sheet helps you:
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 you.
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 allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.
Reviewing the reconciliation of your business checking account allows us to keep your bank account, accounting, and taxes up-to-date.
We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Please call us whenever you have a question or concern.