- Monthly Balance statements
- Profit/Loss Statements
- Bank Reconciliations
- Other reports as needed
We specialize in getting the right small business accounting services. Whether you are looking for an Accounting service from a CPA or a lower-cost bookkeeper, Accounting Alternatives is the answer. We have an excellent reputation among a number of professional organizations, our family-owned and operated company helps small businesses across Michigan find budget-appropriate accounting services.
By having a good accounting service, your small business will not only deal with compliance issues but have the right information to run efficiently. We can point out accounting service options you may not have thought of:
- Certified Public Accountants (CPA)
- Local Bookkeepers
- Low-cost Outsourced Accounting Firms and Bookkeeping
- Quick Books Support
- Tax or Audit Professionals
Accounting and Bookkeeping
Accounting is a vital aspect of every business regardless of size, and since it can be difficult for many small business owners to know if they need an accountant or a bookkeeper, here are a few of the ways to help you identify which services your business needs:
Bookkeepers − Bookkeepers keep track of your daily financial transactions such as data entry, accounts receivable, accounts payable, oftentimes they can do payroll, and quarterly tax prep. Bookkeepers also prepare assorted financial reports such as Profit and Loss Statements (P&L) and balance sheets.
Accountants − Accountants review your balance sheets, P&L statements and other financial reports and prepare the year-end closing of your books and reports and prepares your year-end reports and tax filings. A quality accountant will audit your books (yearly and quarterly) and look for inconsistencies or issues and offer advice on how to resolve them before they become larger issues.
Due to the fact that there is a significant cost difference between bookkeepers and accountants many small businesses opt to have a bookkeeper handle the company's day-to-day tasks and have an accountant review their books and process their year-end documents and reports in order to keep costs low.