TRAVIS RAML, CPA & ASSOCIATES, LLC
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Accounting & QuickBooks

Schedule a FREE NO PRESSURE Consultation

Accounting and Bookkeeping Services

As most small business know accounting and bookkeeping can be a nightmare.  To provide relief we offer a comprehensive set of packages to get most if not all of this work off a clients plate. We offer weekly, monthly, or quarterly/trimester accounting packages.

We also offer a variety of on-time and recurring QuickBooks services.  Some of our most notable one-time solutions are:
  • QuickBooks Setup,
  • QuickBooks Review,
  • QuickBooks Data Migration,
  • QuickBooks Health Check, and
  • QuickBooks Consulting Projects.
CONTACT US FOR More Details

Key Features Included in
all these plans:

QB Online
Subscription

Bank & Credit
Card Entry

Free & Unlimited
Phone &
Email Support


​Service is Ideal For:
Key Features
Financial Statements​​
Bank  Reconciliations
​Virtual Financial Meetings
KPI's, Reporting, Analysis
Accrual Accounting
Industry Comparisons
Cash Flow Management​
​Integrated Services
Individual Tax Preparation
​Business Tax Preparation
​State / Local / Other Tax Prep
Payroll Processing
Employee Time Tracking
A/P & Bill Pay
A/R & Invoicing
Standard
Plus
Premier
New Businesses,
Start-Ups, Freelancer,
Side Gigs
Business with Approx 500K or More in Revenue
Businesses with Approx
1 Million or More in Revenue

Included
​Included
​Included
Included
Included
​Included
​Quarterly
Monthly
Weekly
Standard
Enhanced
Advanced
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Optional
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Are You Leaving Money On The Table?

Are You Leaving Money On The Table?

QuickBooks: Setting up your books right!

QuickBooks: Setting up your books right!

Are Your Accounts Receivable Piling Up?

Are Your Accounts Receivable Piling Up?

Are You Leaving Money On The Table?
The research and development (R&D) tax credit is one of the least utilized and most beneficial tax credits.

Although many businesses meet the qualifying criteria, small and midsize businesses often don't realize they can take advantage of this potentially lucrative tax credit. Most businesses that design, develop or improve products, processes, techniques, formulas, inventions or software can claim the credit!

While some exceptions exist, most R&D expenses are also deductible from your business's operating expenses .
See Full Article
QuickBooks: Setting up your books right!
QuickBooks is the mostly widely used accounting systems for handling business finances, and it's suitable for a wide range of businesses.  However there are several difficulties that businesses routinely run into it, this articles will address the need to set up the books correctly.
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Are Your Accounts Receivable Piling Up?
Accounts receivable (A/R) can be a headache for businesses even in good times. In difficult times, managing account receivables is more important than ever and could be key to a businesses survival.

This article outlines several strategies and best practices to be mindful of.
Full Article

Accounting & Financial Ratios

Current Ratio | current assets/current liabilities
Used as a measure of a company's liquidity or near-term solvency, it demonstrates the extent to which cash on hand and disposable assets are enough to pay near-term liabilities. A high ratio provides some assurance that the obligations coming due will be paid.
Quick Ratio | cash + (accounts receivable /current liabilities)
Also known as the Acid-Test Ratio, it measures a company's ability to meet its short-term obligations with its most liquid assets. The higher the ratio, the stronger the company's position. A ratio of<t means the company does not have the liquid assets to pay current liabilities and may be a cause for concern.
Days Inventory / 365 | (cost of sales /inventory)
Also known as Days Inventory Outstanding, it measures the average number of days the company holds inventory before selling it. The lower the ratio, the less the company's cash is tied up in inventory. Average ratios will vary by industry, but a ratio lower than the inventory average indicates that the company is efficiently managing cash by controlling inventory levels.
---  Click Here To Read More  ---
Days Receivables | accounts receivable / (annual sales /365)
Calculates the number of days on average customers take to pay invoices. Generally, a ratio lower than stated payment terms is positive for cash flow management. A ratio higher than stated payment terms can indicate the company is selling to customers with credit problems and/or is deficient in its collection activity.
Days Payable | accounts payable | (cost of sales /365)
Calculates how many days on average it takes a company to pay its invoices from trade creditors, such as supplies. A ratio higher than stated payment terms can indicate the company is struggling to meet obligations. However, a ratio within stated payment terms but greater than the industry average can indicate strong cash management
Pre-Tax Return on Revenue | pre-tax net profit/total revenue
Measures the profitability performance of the company. Increasing return on revenue indicates the company is generating higher net income with lesser expenses. Ratio may appear higher in small businesses (likely partnerships and LLCs) where owner compensation is distributed without impacting net profit.
Pre-Tax Return on Assets | pre-tax net profit / total assets
Shows the percentage of profit (pre-tax) a company earns in relation to its overall resources. Companies using their assets efficiently tend to show a higher than the industry norm. The ratio may appear higher in small businesses, likely partnerships and LLCs) where owner compensation is distributed without impacting net profit.
Pre-tax Return on Net Worth | pre-tax net profit/net worth
Also known as return on equity, it calculates how many dollars of profit (pre-tax) a company generates with each dollar of shareholder's equity. A rising return on net worth indicates that a company is increasing its ability to generate profit without needing as much capital investment. The ratio may appear higher in small businesses (likely partnerships and LLCs) where owner compensation is distributed without impacting net profit.
Interest Coverage | earnings before interest, taxes, depreciation, and amortization /interest expense
Measures the company's ability to generate enough cash to pay off its interest expenses. A ratio greater than 1 indicates the company has enough interest coverage to pay off its interest expenses.
Current Liabilities to Net Worth | current liabilities/net worth
Also known as the debt-to-equity ratio, it measures the proportion of equity and debt used to finance the company's assets. Ratios may vary between industries depending on how capital intensive the industry may be. A ratio below the industry average may mean a capacity to finance growth by taking on additional debt. A ratio above the industry average may indicate that the company is over-leveraged and in danger of failing to meet debt obligations
Total Liabilities to Net Worth | total liabilities /(liabilities + equity)
Measures the extent to which the company's net worth can offset its liabilities. A ratio greater than 1 indicates the creditors have a greater stake in the business than the owners and may be a cause for concern.

CPA Firm Services

Accounting Services
​Tax Services
​Tax Representation
​CFO & Advisory
​Financial Consulting
DCAA Compliance
Incorporation

​Payroll Services
Coaching & Training
Growth & Wealth

Industries we Serve

Doctor & Physicians 
Dental Practice
Consulting Firms
​Law Firms
​DCAA & Governments Contractors  
​Real Estate
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COLUMBIA MD ACCOUNTANT

Travis Raml, CPA & Associates, LLC is an accounting firm in Columbia MD which offers, tax services, outsourced CFO, outsourced controller, businesses advisory, and coaching services to businesses and individuals thorough out the Greater Washington, DC and Baltimore, MD area.

​We also provide service in Ellicott City, Columbia, Annapolis, Severn, Odenton, Crofton, Silver Spring, Rockville, Bethesda, Gaithersburg, Potomac, Reston, Tysons Corner, Fairfax, Alexandria, Arlington. We're also a local CPA firm conveniently located in Columbia Maryland directly across from Columbia Mall.
​
Travis Raml, CPA has been an accountant since 1998 and a certified public accountant (CPA) since 2003 and prides his firm on delivering high quality small business CPA services. He specializes in Columbia Tax Preparation, and Columbia Maryland Accounting Firm.


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​        (443) 927-9152
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  • Home
  • Services
    • Accounting & QuickBooks
    • Tax Preparation & Planning
    • CFO & Advisory Services
    • Coaching & Training >
      • Coaching Center
    • DCAA & Government Contracting
    • Financial Consulting Services
    • Tax Representation & Resolution
    • Incorporation & Business Setup
    • Wealth Growth & Planning
    • Payroll Services
  • Contact Us
  • About Us
  • Blog
  • Industries
    • Doctors & Physicians
    • Dentists & Dental Practices
    • Technology & Management Consultants
    • Lawyers and Law Firms
    • DCAA & Government Contracting
    • Real Estate
  • Resources
    • Newsletter Sign Up
  • Schedule Meeting
  • Consultations