Accounting and Bookkeeping
We understand that as a business owner you have many responsibilities other than managing your company’s books. RAC Accounting and Bookkeeping Services takes care of the bookkeeping considerations so you can give your full attention to managing and growing your business.
Our comprehensive approach, knowledge, and experience will improve your company’s financial well-being. Timely billing, collection, and decreased costs are just a few of the benefits of our accounting and bookkeeping services. We also provide the financial and project data you need to make informed, profitable decisions.
What We Can Do For You
Are you an entrepreneur who knows a lot about your business but not about bookkeeping? Our accounting and bookkeeping services can get your business off to a good start.
Bookkeeping Clean up
Did you think you had a handle on your bookkeeping, but somehow the task got away from you, and now your books are in disarray? No worries. We can get them organized and back on track for you.
Once your books are in order, you want to keep them that way. Worried you won’t have enough time to give them the attention they need? Our accounting and bookkeeping services can keep your books accurate and up-to-date.
Bookkeeping Consultation & training
Our bookkeeping consultants get to know your business and then provide advice about organizational, financial, and management strategies. They will develop bookkeeping solutions and teach you how to implement them, and help your business grow.
Invoice & Statement Preparation
Creating invoices and keeping track of those sent out for payment will allow you to have a clear picture of your outstanding accounts payable. Recording your invoices will also make it easier to prepare a statement of invoices should it be necessary. We provide comprehensive invoicing and statement preparation services.
This can be a time-consuming process that no business owner enjoys doing. However, it is necessary. We provide collections services that will ensure your invoices are paid and allow you to focus on taking care of business.
Bank Statement Reconciliation
Regular reconciliation of your business bank statements is an important part of bookkeeping. Neglecting to reconcile statements could allow missed payments or deposits to go unnoticed. Our reconciliation services will ensure every payment or deposit is documented, and every penny is accounted for.
Business growth is virtually impossible without a clear understanding of your company’s financial health. Our financial reporting service will track, analyze, and report your business income. These reports will allow us to work with you to examine resource usage, cash flow, business performance and identify the availability of resources for future growth.
Filing Systems Set-up
Do you need to set up a filing system for your business but don’t know where to start? We can work with you to determine which filing system would be the best fit for your business, and get it set up for you.
Filing System Organization
Did you get off to a great start, but now your files are a mess, and you don’t have the time to get them in order? We can handle that for you and get your filing system back on track.
To create and stay within your business budget, expense tracking is necessary. Accurately tracking expenses can help you stay on top of your cash flow and allow you to avoid having to sort and document a mountain of receipts when it’s time to prepare for tax season.
Credit Card Reconciliation
When using a credit card for business expenses or receiving payments, it can be easy to lose track of how much revenue is coming in and going out. Credit card reconciliation services will ensure that your credit card and merchant service statements match your financial records.
Inventory (Set-up and Maintenance)
It’s crucial that you know exactly how much inventory you have on hand at any given time. It will help you make informed decisions about implementing discounts and placing new orders. We can establish an accurate account of your current inventory and help you choose and implement an inventory maintenance system.
Audit & forensic Reviews
It is not something any business owner wants to discover about their employees or associates. However, if the need arises, our audit and forensic review services can examine your business financials and help to determine if any fraud or wrongdoing has occurred.