ACCOUNTING SERVICES
Accurate, Timely Financial Management for Your Business
Sound financial management is the foundation of every successful business. Yet many business owners find themselves buried in bookkeeping tasks, uncertain about their cash position, or making decisions based on incomplete data.
Boulder CPAs’s accounting services free you from back-office burden while delivering the accurate, timely financial information you need to run your business with confidence.
Day-to-Day Bookkeeping
Your daily financial transactions tell the story of your business. But when bookkeeping falls behind or errors accumulate, that story becomes unreliable—and so do the decisions you make based on it.
Bookkeeping Services Include:
- Transaction Recording and Categorization — Daily or weekly transaction entry with proper account coding.
- Expense Tracking — Vendor payment categorization, credit card reconciliation, reimbursable expense tracking.
- Cash Flow Monitoring — Daily cash position reporting and short-term forecasting.
- Multi-Location Tracking — Department and location-based tracking when needed.
- Documentation Management — Receipt attachment and audit trail maintenance.
Accounts Receivable/Payable Management
Cash flow problems often stem from inefficient receivables collection or poorly managed payables. Boulder CPAs helps you optimize both sides of the equation.
Accounts Receivable Services:
- Invoice Processing — Generate and send professional invoices promptly.
- Payment Application — Record and apply customer payments accurately.
- Collections Follow-Up — Systematic follow-up on overdue invoices.
- Aging Analysis — Regular review and Days Sales Outstanding (DSO) tracking.
- Bad Debt Management — Write-off procedures and collection agency coordination.
Accounts Payable Services:
- Invoice Processing — Receipt, review, and coding of vendor invoices.
- Payment Scheduling — Strategic timing to optimize cash flow and capture early payment discounts.
- Vendor Management — W-9 collection and 1099 reporting preparation.
- Purchase Order Matching — Three-way matching to prevent overpayment.
General Ledger Maintenance
The general ledger is the foundation of your financial reporting. Proper maintenance ensures accurate financial statements and clean audit trails.
General Ledger Services:
- Chart of Accounts Management — Design and ongoing maintenance tailored to your business.
- Journal Entry Processing — Month-end accruals, depreciation, and adjusting entries.
- Account Reconciliation — Monthly reconciliation of all balance sheet accounts.
- Period Close Procedures — Standardized month-end close checklist and timeline management.
Financial Statement Preparation
Financial statements are more than compliance documents—they’re management tools that reveal your business’s health, trajectory, and opportunities.
Statements We Prepare:
- Income Statement (Profit and Loss) — Revenue, COGS, gross margin, operating expenses, and profitability metrics.
- Balance Sheet — Assets, liabilities, equity, working capital analysis.
- Cash Flow Statement — Operating, investing, and financing cash flows.
- Budget vs. Actual Reports — Variance analysis highlighting areas requiring attention.
- Custom Management Reports — KPI dashboards and segment reporting tailored to your needs.
Bank Reconciliation
Bank reconciliation is a critical control that catches errors, identifies fraud, and ensures your books match reality.
Reconciliation Services:
- All Account Types — Operating accounts, payroll accounts, savings, credit cards, merchant services.
- Thorough Process — Download transactions, match entries, investigate discrepancies, prepare documentation.
- Error and Fraud Detection — Identification of unauthorized transactions, duplicates, and bank errors.