Tailored Accounting Services
Assets. Liabilities. Simply Balanced.
Tailored Accounting Services
Assets. Liabilities. Simply Balanced.
The Accounting Department refers to the division in a firm that looks after the preparation of financial statements, maintenance of general ledger, payment of bills, preparation of customer bills, payroll, and more. In other words, they are responsible for managing the overall economic front of the business. It is impossible for any business, whether a small firm operating out of home or a large multinational company, to function for too long without an Accounting Department.
More than likely, you are missing out on the advantages and financial conversations that million-dollar businesses with an Accounting Department are having every week. At Simply Balanced, our passion is providing you with the department to get your business to the next level.
As accomplished professionals, we can take over the often time-consuming chore of keeping the books. You can trust our experts to keep track of all of your transactions monthly—recording and checking that everything is consistent, accurate, and complete.
We can prepare balance sheets and profit and loss statements to help you and your clients better understand the financial strength of your company and economic trends to plan for the future. We will also prepare monthly sales tax returns if requested.
As a small business grows, its owner may start to spend too much time working on the accounting books rather than conducting business. Accounting Managers provide day-to-day guidance and oversight to the accounting staff. They create plans to ensure accounting activities follow Generally Accepted Accounting Principles (GAAP).
The Accounting Manger is responsible for supervising accounting staff and maintaining standards throughout the department. This department head focuses on daily operations and ensures all accounts are accurate and is responsible for implementing checks and balances.
Accurately collecting and presenting the relevant data associated with payroll activities demands focus and punctuality. With their hectic schedules, business owners and managers may not always be able to ensure such high levels of accuracy and agility by processing this themselves. This necessitates delegating payroll administration.
Payroll administrators are instrumental in ensuring the timely and accurate payment of salaries and wages to all the employees in an organization. Right from issuing and distributing wages and paychecks, payroll administrators help your business with several processes.