Utah Valley Small Business Accounting Services

Services

• Accounting system selection and set-up
• Bookkeeping (Monthly, quarterly, or annual)
• General ledger and financial statement preparation
• Cash flow budgeting, analysis and forecasting
• Employee benefit and profit-sharing plans
• Financial policy and procedure review & creation
• Transitions from cash basis to accrual accounting
• Reviews and Compilations

Accounting System Selection and Set-Up

Nebo CPA can assist in researching and selecting an accounting system software that will fit your business and future growth needs.

Bookkeeping

Nebo CPA can help you with the organization and day-to-day tasks of bookkeeping including proper recording of all financial transactions allowing you to focus on running your business.

General Ledger and Financial Statement Preparation

Nebo CPA can assist in setting up your general ledger and creating financial statements that are done according to Generally Accepted Accounting Principles (GAAP).

Cash Flow and Budgeting Analysis

Reliable cash management processes allow company decision makers an accurate picture of a company's liquidity, can reduce costs, and increase profitability. Nebo CPA will work with you to develop an easy-to-understand cash tracking process allowing for daily, weekly and/or monthly tracking of cash flowing in and out of bank accounts. This process will provide decision makers with a quick snapshot of the company's liquidity and expect future cash flows.

Nebo CPA can assist with setting up electronic that will allow you to maximize the use of cash by receiving payments from customers quicker and holding on to the cash longer by paying bills 1 to 3 days before they are due.

Nebo CPA can do an in-depth review and analysis of cash outflows to determine potential cost cutting freeing up cash for future growth and expansion.

These action plans would be revisited annually or when there were any major changes in your business structure to ensure that you are operating at an optimal level.

Employee Benefits and Profit-Sharing Plans

Choosing providers, selecting plan options, and administering benefit plans for your employees can often be a stressful and confusing process. Nebo CPA can help you develop, implement, and administer your benefit and profit-sharing plans with the goals of rewarding your employees and reaching your company's financial and business goals.

Financial Policy and Procedure Review and Creation

Financial policies and procedures should be reviewed annually and when businesses have personal or business structure changes. Nebo CPA can review current policies and procedures for recording financial transactions to assure they are being followed and determine if any changes need to be made. Nebo CPA can assist in creating new policies and procedures and train employees on those new processes.

Transitions from Cash Basis to Accrual Basis Accounting

As companies grow, they often find that accrual basis accounting will give a more accurate financial picture than cash basis. Nebo CPA can assist with the conversion of cash to accrual basis including prior years for an accurate year over year presentation.

Reviews and Compliations

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.