An income statement, also known as a profit and loss statement, adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to arrive at a profit or loss for that period. We provide management consulting based on your profit & loss statement. This allows you to:
Leave your business financial reporting to us. We’ll make sure it’s organized and government compliant. We input your records into our system, which allows us to analyze and advise you on any small business issues. You receive complete information each month, so it is available whenever you need it.
The general ledger is the core of your business’s financial records. These records make up the books of your system. Since every transaction flows through your general ledger, a problem with you general ledger can throw off all your books. Our monthly review of your general ledger system allows us to identify any discrepancies such as double billings or unrecorded payments. If we discover any issues, we will make the corrections so that your books are always accurate.
When it comes to government regulations, we’ve got you covered. We make sure you are completely compliant when it comes to business and tax laws. When policy makers address small business issues, we see to it that they are educated about what is important to our clients. We help educate government officials and tax agencies on the small business issues that mater most to your business. In turn, government has repeatedly come to Padgett for our small business expertise.
We’re always here to answer questions and offer sound advice that gives you the competitive edge.