Brian E. Lindberg, cpa, pc

Save your valuable time for building your business sales and profits. If your small business doesn't warrant a bookkeeper, or your bookkeeper needs a break, Brian E. Lindberg, cpa, pc can provide monthly bookkeeping and financial statements, or just quarterly report assistance for filing your State and Federal reports. This sounds expensive, but at year-end, fewer errors have to be corrected, making tax return preparation less costly. Plus, in the absence of an in-house bookkeeper, you can rely on the financial information we provide to give you an accurate representation of the company's financial position.

Whether you input your monthly entries, or we do, Brian E. Lindberg, cpa, pc can provide financial statements on a monthly, quarterly, or yearly basis. Be sure that the information you are receiving from your bookkeeping is correct and effective. Data entered in the wrong accounts can cause huge, incorrect swings in your perceived income and expenses – causing you to make faulty decisions and perhaps even endangering the life of your company.

The complete financials provided by Brian E. Lindberg, cpa, pc are perfect for inclusion in business plans, for use in procuring SBA Loans and other business loans, or for presentation to investors and stockholders.

The most commonly used financial reports are the monthly Balance Sheet and Income Statement (Profit and Loss), but Brian E. Lindberg, cpa, pc can set up custom reports if your business has a need for tracking a particular area of concern.

Click the items below for further descriptions.

Income Statement (Profit & Loss)

• Track Revenues and Expenses enabling you to make decisions about the performance of your business.
• Identify specific items/areas that are causing unexpected expenditures, or that are over-budget or under-budget.
• Determine directions for effective product or service advancement and sales.
• Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
• Determine your tax liability.
• Along with the Balance Sheet, provide banks and investors a categorized look at your company's health.

Balance Sheet

• Quickly get a handle on your company's financial strengths and capabilities.
• Identify and analyze trends, particularly in the area of receivables and payables. For instance, if your accounts receivables cycle is lengthening, collection methods may need to be strengthened or changed.
• Determine whether your business has an adequate cash position to handle the ebbs and flows of receivables and payables, or whether you need to take steps to improve your cash reserves.
• Along with the Income Statement, provide banks and investors a categorized look at your company's health.

General Ledger

The General Ledger is the central "book" of your accounting system. Every transaction flows through this portal and assuring that every transaction is recorded correctly and into the proper account is key to providing the most accurate financial statements for your business. Brian E. Lindberg, cpa, pc can review your General Ledger system, to help assure smooth flow and to track down any discrepancies such as double billings or incorrectly recorded expenses and payments.

If your business has reached the point where you need to initiate computerized bookkeeping, Brian E. Lindberg, cpa, pc has two programs that we recommend, depending on your individualized organization and needs. One is Quickbooks, and we can help you get your system set up so that the financial statements you are producing will give you all of the information needed to help you make business decisions. Once your books are set up, we can provide training in the use of the program, and provide follow-up phone support as needed.

Peachtree is the other program that we recommend for businesses, depending on your individual business needs. Again, we can set up the program so that the expenses and revenue are striking the correct areas, making your financial statements the most effective possible for your individual needs. Once your books are set up, we can also provide training and follow-up phone support for use of the program.

Reconciling your bank account each month provides several important functions beyond just identifying which checks / deposits have cleared and whether your bank has input them correctly. It allows you to identify unauthorized electronic transfers or embezzlement of funds from within your company, provides accurate information for your financial statements, and helps monitor cash flow. In addition, timely notification to bank officials of fraudulent checks or transfers may limit your company's liability for those unauthorized transactions.

A Review primarily includes applying analytical procedures to management's financial data for the years then ended. Inquiries are made of company management to provide limited assurance of the accuracy of the financial data. (If you are in question as to whether a Review will be sufficient, contact your lending institution about their requirements, or ask to see the cover letter and notes that are included with a standard Review.)

While a Review is less expensive and covers less scope than an Audit, it is more extensive than a Compilation, and many financial institutions will accept this for the purpose of small business loans, etc.

A Compilation is exactly what it sounds like: the CPA compiles all of the information for the years then ended, as provided by the management.

A Compilation is less expensive than a Review and has the lowest level of assurance, but it puts the management's information into a form that financial institutions can use for the purpose of approving credit lines and some small business loans. (If you are in doubt, ask your lending institution which they require, or ask us to see the cover letter and notes that are included with a standard Compilation.)