Shegalu Accounting & Tax Services LLC believes that a well-designed small business bookkeeping system will keep your financial information in good order, facilitate reporting, and scale with your business as you grow. Even The IRS requires all businesses to keep basic financial records in order to accurately track gross receipts, purchases, expenses, and other transactions.
Shegalu Accounting & Tax Services LLC will help you to set up you’re accounting on the following areas
- Choose Cash or Accrual Accounting method
- Set Up a Business Bank Account
- Pick a Bookkeeping Software Package for Small Businesses
- Create a Chart of Accounts
- Set Up an Expense Tracking System
- Prepare Your Bank Reconciliation Process
- Set Up Your Financial Reporting System
Getting accounting help Setting up can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending an enormous amount of time and effort on getting your books up and running, consider turning to shegalu for help.
We’ll set up your accounting system for you to ensure that your business is starting off right – and we’ll save you a huge amount of stress to boot.
In order to build and run a successful company, you’ll also need to create and fine-tune a business plan, assess your finances, complete all the legal paperwork, pick your partners, research apps for startups growth, choose the best tools and systems to help you get your marketing and sales off the ground … and a whole lot more.
This process may feel overwhelming, so we’ll walk you through it step-by-step.
Requirements for Starting a Business
A business plans, A business names, An ownership or business structure, A business registration certificate A legal license or seller’s permit (as well as other legal documents), A source of funding
Without these elements in place, you unnecessarily risk your new business’s future.
‣ Preparing financial statements
‣ Year-end Journal adjustments
‣ General ledger scrutiny
‣ Reconciliation of assets and liabilities
‣ Analytical review and variance analysis
‣ Preparation of excel schedules and workings to support financial statements
‣ Year-End Management accounts