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About ANR Bookkeeping

SMALL BUSINESS BOOKKEEPING

As a small business owner you have more important things to do than to manage your own books. ANR Bookkeeping takes care of your books for you, so your focus can be running your gym or fitness, construction, landscaping, physician or dentist business. Monthly or quarterly we will do the following things for you...

  • Reconcile your bank account

  • Generate an income statement 

  • Generate a balance sheet

  • Clean up your general ledger

These four things form the infrastructure of your small business bookkeeping program. You may tailor the package of services you receive based on your company's individual needs. 

 

Bank Reconciliation

Reconciling your business checking account each month allows you to keep your bank account, accounting, and taxes up-to-date. Here's what ANR will do for you:

  • Identify lost checks, lost deposits and unauthorized wire transactions.  

  • Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.  Also, detect and prevent embezzlement of funds from within your company.  

  • Get a clear picture of how your business is doing. All accounts are reconciled and properly accounted for on your financial statement.  

  • Manage your cash more effectively. Proper management of funds not only saves you money but it makes money for you.  

  • You will sleep better 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, or P&L, adds an itemized list of all your revenues and subtracts a detailed list of all your expenses to determine a profit or loss for the period. An income statement allows you to:

  • Track revenue and expenses so that you can fully see the operating performance of your business.  

  • Identify specific items that are causing unexpected expenditures (i.e. phone, fax, mail, or supply expenses).

  • Determine what areas of your business are over-budget or under-budget.  

  • 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 any given time. A balance sheet helps you...

  • Show the financial strength and capabilities of your business.  

  • 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.  

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

 

General Ledger

The general ledger is the core of your company's financial records. Having ANR review your general ledger monthly helps find any discrepancies such as unrecorded payments or double billings. We repair the discrepancies so your books are always accurate. 

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CONSULTATIONS ARE INCLUDED

 We want you to fully understand how to interpret and utilize the financial information we provide. Consultations are included in our fee, so please feel free to call us whenever you have a question or concern. 

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GET YOUR FIRST CONSULTATION FREE

 If you'd like to receive a Free Consultation regarding our Small Business Accounting services