McLaughlin CPA Services

Help with not only organizing your financial data, but understand it so you can make decisions. Call us at 843-439-5225

Help with not only organizing your financial data, but understand it so you can make decisions. Call us at 843-439-5225

Full Service Accounting and CPA Services

Business accounting services from McLaughlin CPA Services provide the business owners with critical information about the companies' current, future and historical financial health. This is accomplished through the preparation of financial statements from clients’ information.

Simply put, McLaughlin CPA Services helps the business owner:

  • Keep your books up-to-date and accurate
  • Understand your cash flow instead of bouncing checks
  • Get the facts you need to make sound decisions
  • Finally, be able to read financial reports that make sense

 

We offer customized monthly financial reports and statements to provide a quick and accurate picture of your business activity. We tailor our reports to meet your needs. You choose which reports you want and what features they provide. We can print them, fax them or email them, but only the ones you want and need. Here are some examples: 

Monthly, Quarterly or Annual Operating Statements

Profit and Loss statements that provide you with a breakdown of sales, costs of sales and expenses. The Profit and Loss (P&L) Statement are also referred to as  Income Statement. It shows how well a company buys and sells inventory (or services) to make a profit. A company must create a profit in order to survive and remain solvent. Careful analysis of the components of a P&L is important in determining the cash flow available to repay existing debt, finance additional debt (for business expansion), or to reinvest in the company.

 

General Ledger Report

A record of the dates, check numbers, payees and amounts of all expenses within each of your business accounts. The general ledger is the core of your company’s financial records. These constitute the central “books” of your system, and every transaction flows through the general ledger. These records remain as a permanent track of the history of all financial transactions since day one of the life of your company.

 

Balance Sheet

The balance sheet report summarizes your total business assets, liabilities and equity at a given point in time. Use this report to make decisions about capital expenditures or how to improve profits. A balance sheet helps a small business owner quickly get a handle on the financial strength and capabilities of the business. 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 the firm.

 

Bank Reconciliation

Careful comparisons and proof that your checking account is in balance and you know how much money is in your account. Analysis to determine if the bank account balance according to the accounting records corresponds to the balance reported by the bank; the two balances seldom agree exactly, so the reconciliation lists reasons for any disagreement (fees charges or interest earned, deposits in transit or checks not cashed); important internal control procedure.

 

Help Understanding the Reports

Last and most importantly, we can help you understand what your reports mean and how they can help you in managing your business. We are always only a phone call or email away. 

We can also provide you with Compilation, Review, and Audit services of your financial statements.

Call McLaughlin CPA Services