OUR SERVICES Bookkeeping & Financials

Bookkeeping is the process of recording and organizing financial transactions of a business or organization. It involves the systematic and accurate recording of all financial transactions, such as sales, purchases, receipts, and payments. The goal of bookkeeping is to create a clear and comprehensive record of a company’s financial activities, which can be used to prepare financial statements, such as balance sheets and income statements. Bookkeeping is an essential part of accounting, which involves the analysis and interpretation of financial data to make informed business decisions.

There are many resources and tools available for BookKeeping, QuickBooks being the most common for Small Businesses. With our Accounting and Financial background, we can manage the entire bookkeeping and financial cycle for Small Businesses to pay bills on time, bill clients on time, manage payroll process, manage cash flow, and oversee the month-end closing process that includes bank and credit card reconciliations and providing monthly financial statements and analysis.
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DO THINGS RIGHT

Avoid Tax
Season Headaches

It is important to understand your financials as a small business for several reasons:

  1. Financial planning: By understanding your financials, you can create a financial plan for your business. You can forecast your revenue, expenses, and cash flow to ensure that your business remains profitable and sustainable.
  2. Business decisions: Financial data can help you make informed business decisions. For example, if you know that a particular product or service is not profitable, you can decide to discontinue it. Similarly, if you have excess cash, you can decide to invest it in growth opportunities.

3. Funding: If you need funding for your business, whether it’s a loan or investment, you need to be able to present your financials to potential lenders or investors. They will want to see your financial statements to assess your business’s financial health and its potential for growth.

4. Compliance: As a small business owner, you have certain tax and regulatory obligations. By understanding your financials, you can ensure that you are meeting these obligations, such as filing tax returns and paying taxes on time.

5. Accountability: As the owner of the business, you are responsible for its financial performance. By understanding your financials, you can hold yourself accountable for the success or failure of your business.

Overall, understanding your financials is essential for the success of your small business. It can help you make informed decisions, plan for the future, and ensure that you are meeting your financial obligations.

Cash Flow Management

Understand all incoming and outgoing financial transactions to monitor cash flow and always be prepared.

Financial Analysis

Break down financials and compare for different time periods to better understand growth, margins, and other important ratios.

Bookkeeping

Bills paid on time. Invoices billed on time. Payroll processed on time. Less complaints and happy team all around.

Understand The Numbers

Understand your numbers to make better business decisions.
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FRIENDS, NOT CLIENTS

Businesses We
Worked With

We have worked in corporate America managing Accounting Departments and teams, and we have worked with small businesses to help them better understand their numbers and keep their business finances intact.
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    2023 Copyright by Malouf Consulting. All Rights Reserved.

    2023 Copyright Malouf Consulting. All Rights Reserved.