Small Business Accounting Setup and Support
At Shegalu Accounting & Tax Services LLC, we understand that a well-designed bookkeeping system is the backbone of a successful business. Proper financial organization not only ensures accurate reporting and compliance with IRS requirements but also provides insights to help your business grow. The IRS requires all businesses to maintain records of gross receipts, purchases, expenses, and other transactions—so starting on the right foot is crucial.
We specialize in helping small businesses set up their accounting systems efficiently and correctly. Our services include:
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Selecting the appropriate accounting method (Cash or Accrual)
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Setting up a business bank account
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Choosing the right bookkeeping software for your business
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Creating a Chart of Accounts
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Implementing an expense tracking system
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Establishing a bank reconciliation process
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Designing a financial reporting system
Getting your accounting system up and running can be complex, especially if you’re not an experienced bookkeeper. Rather than spending valuable time figuring it out yourself, rely on Shegalu Accounting & Tax Services LLC to handle the setup professionally, saving you both time and stress.
Starting and running a successful business also requires careful planning: creating a business plan, defining your ownership structure, completing legal registrations, securing funding, and choosing the right tools and systems for growth. We guide you step-by-step through this process to ensure nothing is overlooked and your business starts strong.
Essential Requirements for Starting a Business:
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A clear business plan
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A unique business name
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Defined ownership or business structure
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Proper business registration and licenses
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Adequate funding sources
Missing any of these elements can unnecessarily risk your business’s future.
Year-End Accounting & Financial Support
Beyond setup, we help maintain accurate records and prepare financial statements for informed decision-making:
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Preparation of financial statements
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Year-end journal adjustments
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General ledger review
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Reconciliation of assets and liabilities
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Analytical review and variance analysis
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Preparation of supporting Excel schedules and workings
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Year-end management accounts
With Shegalu Accounting & Tax Services LLC, your small business will have a strong financial foundation, accurate records, and expert guidance to navigate every stage of growth.