Bookkeeping Services Overview

Quality Bookkeeping Services

At Cahill Associates, we strive to help your business run smoothly. We are able to handle all aspects of your bookkeeping needs. Each month you will be provided a balance sheet, profit and loss statement, and a general ledger detail of all transactions occurring during the month. 

This allows you to have an accurate summary of your monthly income and expenses and saves you time. We can handle the load of inputting and tracking checks written and deposits made to your bank account. 

As part of our monthly bookkeeping services, bank reconciliations will be completed for each bank account owned by the business. This is an important, and often overlooked, aspect of managing your business. Bank account reconciliations ensure that all transactions have been properly recorded on your books and by the bank. 

Bank reconciliations assist you in identifying checks that have been outstanding for long periods of time and give you an accurate month end cash balance.

As part of our bookkeeping procedures, your account will be reviewed by a CPA on a monthly basis. This is beneficial in a variety of ways:

1. It ensures proper recording transactions
2. It provides a deeper understanding of the transactions that drive your business
3. The continuous updating of your fixed assets schedule based on assets purchased or disposed, and the related depreciation expense
4. The tracking of loan payments and creating loan amortization schedules as required
5. It allows the continuous monitoring of profits, which provides valuable insight for year- round tax planning

In addition, we make your year-end tax preparation simple and hassle free. With all the information for your tax return completed just after your year-end, we can prepare and file your tax return quickly.

We can tailor our bookkeeping services to meet your needs!

Please contact our office for more details on how our bookkeeping service can benefit you and your business.