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:
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.
Key Features Included in all these plans: |
QB Online Subscription |
Bank & Credit Card Entry |
Free & Unlimited Phone & Email Support |
|
Service is Ideal For:
|
|
|
|
QuickBooks: Setting up your books right! |
Are Your Accounts Receivable Piling Up? |
|
|
|
|
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.
