Accounting & Bookkeeping Services in Northville, MI
The financial side of a business has many moving parts. Here are four primary areas that Ascent Accounting & Bookkeeping Services provides crucial assistance.
Financial reporting is the process of producing financial statements that disclose an organization's financial status to management, investors and the government.
In the United States, the four basic reports are balance sheets, income statements (profit and loss statements), cash flow statements and statements of shareholders' equity.
Budgeting & Forecasting
A budget is a set of plans that quantitatively describe an entity's projected future operations.
A budget is a yardstick against which to measure actual results, for allocation of funding, and as a plan for future operations.
Bookkeeping is recording the day-to-day financial transactions of an organization such as purchases, sales, receipts and payments.
The bookkeeper is responsible for ensuring all transactions are recorded correctly in the suppliers ledger (accounts payable), customer ledger (accounts receivable) and general ledger (financial reporting).
A system is a method of keeping track of your accounting information all in one place.
Using current software, such as Quickbooks Online, simplifies a small business owner's day to day tasks.
Moving your data into this system can be confusing and time-consuming. Let us help set up your accounting system quickly. No muss no fuss!