Benefits of Having Your Own Accounting System.
Do I need my Own Accounting System?
You want an accounting system that gives you peace of mind while increasing your bottom line. We’re guessing that you also want to reduce taxes, improve cash flow, and manage your business more profitably.
That’s what we do best! Work with us, and select the accounting system that best suits your business’s needs:
Receive training to use a system exclusively designed for your business, -OR- Have us completely manage a custom-designed system at an affordable cost.
How can Forbes Bookkeeping help in Building Your Own Accounting System?
Wholesale / Retail / Service
Have complete control systems for Accounts Receivable, Accounts Payable, and Inventory.
TV / Automotive / Furniture
Properly account for Contracts in Transit, Bank Reserve Accounts, and Flooring of Products for Resale (inventory financing). Maintain control of income and expenses.
Manufacturing
Control Raw Materials, Direct Labor, Work in Progress, and Finished Goods. Keep expenses categorized into Manufacturing and General Overhead areas.
Construction
Easily track profits or losses on each job in progress. Control cash flow based on percentages of completion. Minimize losses from under-billings created through change orders.
Professional
Control expenses and income for year-end savings. Take advantage of conversion from cash-to-accrual accounting. Manage Accounts Receivable and improve Collections.
Food / Cafe / Beauty
Utilize a combination of Cash and Accrual statements. Have a low-cost, low-maintenance accounting system.
Enjoy an accounting system designed specifically for your business that shows where you stand at all times. Simplify the books that maintain all your financial data:
Cash Receipts
Deposits
Charge Accounts
Credit Purchases
Cash Purchases
Bank Reconciliations
Depreciation
Adjusting Entries
Inventory Control
Reconciliations
Income Statements
Balance Sheets
Individual Accounts Receivable Records
Individual Accounts Payable Records
Payroll Journal
Individual Payroll Records
Property, Plant and Equipment Records
Incredible Benefits You Will Enjoy
Your accounting system will be tailored to your business. You can do it, I can do it, or we can do it together.
Your bookkeeping/accounting costs will be substantially reduced.
Your personnel will be free to produce more profits for you.
We can help you acquire funding for your business through financing, investors, and other means.
You will receive properly-designed financial statements that will allow you to manage your business efficiently and help you better plan for the future.
Choose from hand-posted or computerized programs specifically tailored to meet your accounting needs.
Streamline the accounting task, and free up your valuable time. [Consider this: the average small business owner spends over 10 hours personally, each month, accounting for the business. If your average billing rate is $50 per hour, you may be spending more than $500 of your time per month.]
How Would You Describe Your Business?
Steady and stable
Growing fast
Hanging in there
Brand new
If your business is steady and stable or growing fast, then congratulations! But IT IS POSSIBLE for your business to improve and generate more profits!
If you’re just hanging in there, you can turn things around . . . FAST!
If your business is brand new, don’t make expensive mistakes that will mean be the difference between success and failure!
No matter which of these groups describes your business, you can benefit from these small business services that can save you both time and money!