Like phone, fax, mail, or supply expenses. Identify specific items that are causing unexpected expenditures.Determine what areas of your business are over-budget or under-budget. Track revenues and expenses so that you can determine the operating performance of your business.You will sleep more peacefully at night knowing your bank accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly accounted for.Īn income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. This reason to reconcile alone should be enough. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. Proper management of funds not only saves money, it makes money for you. Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.Detect and prevent embezzlement of funds from within your company.Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.Identify lost checks, lost deposits and unauthorized wire transactions.Having us reconcile your account each month allows you to. Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services. These tasks form the solid foundation of your small business accounting system. We take care of your books for you, so you can get back to the job of running your business and generating profits!Įach month or quarter we'll do the following things for you. We look forward to continuing to provide the highest quality of service with the health and safety of our staff and customers always being top of mind.As a small business owner you have more important things to do than to keep your own books. Thank you for your understanding and support during this uncertain time. As always, we will be practicing diligent personal hygiene practices in accordance with the CDC, Public Health Madison & Dane County, and WI Department of Health regulations.We have informed our employees that if they are experiencing any symptoms they should not report to work and should follow their doctor’s advice and CDC guidelines regarding medical care before returning to work.We ask that you refrain from keeping an appointment if you or a family member is experiencing any cold or flu-like symptoms including fever, coughing, or shortness of breath.Our staff is also wearing masks while in the building. In accordance with guidelines from Public Health Madison & Dane County, you are required to wear a mask when visiting our office.We are trying to limit all person-to-person contact and maintain appropriate distancing when possible. We ask that you not be offended if we don’t offer a handshake.We are communicating with clients by phone and/or email as much as possible.We have hand sanitizer and soap available in the building for use by all clients and employees.We are following all guidelines from the Centers for Disease Control and Prevention, Wisconsin Department of Health Services, Public Health Madison & Dane County, and other local agencies regarding COVID-19. We as a team are taking every precaution to help prevent the spread of the novel coronavirus (COVID-19). Under the latest orders from Public Health Madison & Dane County, we are open and are operating at our adjusted tax-season hours of 8 a.m. During this time of uncertainty, we at DMA Tax & Accounting want to assure you that the safety and wellbeing of our clients and community is our highest priority.
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