Accounting for small businesses
Accounting that tells you where the business stands
Financial statements you can read, a year-end close you do not dread, and someone to explain what the numbers mean, so decisions are not made on a hunch.
- Based in Avenel, New Jersey
- A person reviews the work before it is filed or sent
- Plain-English answers, not jargon
Who this is for
Owners who want more than a tax return
You want to know whether the business is actually making money, where it goes, and what to expect before the year ends.
Businesses with books that are already current
Bookkeeping is under control and you want someone to review it, produce statements from it, and act on what it shows.
Owners preparing for a lender, partner or buyer
Clean statements and a clear story behind them, prepared before someone else asks for them.
What we handle
Profit and loss, balance sheet and cash flow statements prepared from your books, on the schedule we agree.
A review of the books for errors, misclassified transactions and missing entries before statements go out.
A year-end close, so your tax preparer receives finished numbers instead of a pile of open questions.
Tax planning through the year: estimated tax, and what a big purchase or a good quarter does to what you will owe.
A plain-English walkthrough of the statements, so you know what changed and why.
Coordination with your bookkeeper, payroll and tax return, whether we prepare them or someone else does.
What changes for you
No surprises at tax time
Estimated payments and year-end numbers are worked out during the year, not discovered in March.
Decisions on real numbers
Pricing, hiring and equipment purchases get made with current statements in front of you.
One team behind the numbers
The people producing your statements can also handle the bookkeeping, payroll and tax filings that feed them.
How it works
- 1
Tell us about the business
What you do, how the books are kept today, and what you want the numbers to answer.
- 2
We review what exists
We look at your current books and tell you honestly what needs cleaning up first, if anything.
- 3
We agree on the reports
Which statements you receive, how often, and who you talk to about them.
- 4
Ongoing accounting
Statements, a year-end close and planning conversations on the schedule agreed.
What we ask for to get started
- Access to your books
- QuickBooks, another accounting system, or spreadsheets. If you have nothing yet, we start with bookkeeping.
- Bank and credit card statements
- For the period we are reviewing, so the statements can be tied back to the accounts.
- Prior-year tax return
- If you have one. It shows how the business was reported before.
Questions
What is the difference between accounting and bookkeeping?
Bookkeeping records and reconciles transactions. Accounting takes those records and produces statements, reviews them, and turns them into tax and planning decisions. Most small businesses need both, and we do both.
Do I need bookkeeping before accounting?
Accounting is only as good as the books under it. If yours are behind, we start by getting them current, then move to statements and planning.
Can you work with my existing bookkeeper?
Yes. We can review their work and produce statements from it, and tell you plainly if anything needs to be fixed at the source.
Do you publish accounting prices?
Not yet. The work depends on the size of the business and how clean the books are, so we quote after a short conversation.
Often handled together
Bookkeeping
Transactions categorized and accounts reconciled on a regular schedule, so the books are current, not rebuilt once a year.
Learn morePayroll
Payroll calculated correctly and your federal payroll tax filings handled alongside it.
Learn moreBusiness Tax
Business tax return preparation and filing for sole proprietors, LLCs and other small businesses.
Learn more1099 Preparation
Contractor payments totaled, W-9s checked, and 1099 forms prepared and filed before the January deadline.
Learn moreReady to talk about accounting?
Tell us a bit about the business and what you need. A person reads every message, usually within one business day.
Prefer to talk?
202-505-3437or email 2290@kayacct.com
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