Small Business Accounting

As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits.

At Metro Accounting we offer comprehensive business accounting services in Atlanta, and to the surrounding communities of Marietta, Alpharetta, Douglasville, Decatur and Stone Mountain . We help business owners grow their revenue, improve their profitability and better manage their cash flow.

Experience in Multiple Industries

Small business services available at our Atlanta accounting firm are available for a variety of industries. Metro Accounting, CPA has experience assisting clients in the medical industry, including the independently owned and operated practices of general physicians, dentists, and other healthcare professionals.

In addition to the medical industry, Metro Accounting, CPA provides accounting services for independent contractors, businesses in logistics and transportation, and other self-employed business owners. Whether the companies in these industries are single individual entities, or employ multiple workers, we help you to limit tax liability, keep accurate records, and properly reconcile payroll.

Cash Flow Management Services

We help business owners create financial projections for their companies, and to understand the difference between profit and cash flow. We help you to maintain the necessary liquid assets to ensure that you are able to meet your financial obligations to banks, investors, and other interested parties.

With our experience in business advisory, Metro Accounting , CPA is also skilled in identifying your business’ mode of growth, and can point out positive trends of the peers in your industry for a competitive analysis of your business’ position. In identifying your business’ competitive position and implementing proactive management strategies, your business will be well prepared for growth, and able to open new lines of credit without taking on more than you can manage.

Each month or quarter we’ll do the following things for you…

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to…

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can’t really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
  • Sleep Better. You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.

Income Statement An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. An income statement allows you to…

  • Track revenues and expenses so that you can determine the operating performance of your business.
  • Determine what areas of your business are over-budget or under-budget.
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
  • Determine your income tax liability.

Balance Sheet

A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time.

A balance sheet helps you:

  • quickly get a handle on the financial strength and capabilities of your business
  • identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
  • determine if your business is in a position to expand
  • determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
  • determine if you need to take immediate steps to bolster cash reserves
  • determine if your business has been slowing down payables to forestall an inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and kept in tip top shape.

Contact Metro Accounting, CPA Today

If you are in need of comprehensive small business accounting services backed by an experienced CPA, contact Metro Accounting, CPA, LLC today. We provide quality cash flow management, bookkeeping, and internal control services for businesses of varying industries throughout Atlanta, Decatur, Marietta, Stone Mountain, Douglasville, Gwinnett, College Park, and the surrounding communities in Georgia.

If you’d like to receive a free consultation on our Small Business Accounting Service, please complete this form.