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ACCOUNTING SERVICES
Our Firm provides bookkeeping and financial compilation services for small and medium-sized businesses.
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Bookkeeping
Our team provides the best service in bookkeeping to help businesses establish a solid foundation when carrying out their daily transactions. Through our bookkeeping services, we have been able to assist clients in presenting strong financial statements which has assisted our clients in obtaining lines of credits, mortgage loans and refinancing. Bookkeeping involves the recording, on a daily basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions. Our bookkeeping services include but are not limited to the following services:
· Expense classification
· General ledger maintenance
· Bank account Reconciliation
· Credit card reconciliation
· PayPal reconciliation
· Fixed asset management
· 1099 forms
· Profit and loss statement generation and review
· Balance sheet generation and review
Compilations
A financial statement compilation is a service to assist the management of a business in presenting its financial statements. At Chance Accountancy, we provide financial compilation service to our clients to meet their needs for business purposes. A compilation is more complicated than bookkeeping service and involves (1) gaining a general understanding of your business, accounting principles used and financial reporting system and (2) presenting financial information in the accepted format of proper financial statements. Our financial compilation services include but are not limited to the following services:
· Gather documentation to support account balances
· View financial data for obvious errors
· Record adjusting journal entries for misstatements found while analyzing financial data
· Draft financial statement reports and notes
· Provide with a signed compilation report
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