The key to producing meaningful financial reports for your business is to create a customized chart of accounts that helps you to visualize your sales and the cost of running your business. With Lend A Hand Accounting, your accountant will work with you to create a list of income, expense, equity, asset and liability accounts that are unique enough to tell the accounting story of your business. Customizing your chart of accounts will provide you with the ability to create custom reports for sales, income, cost of goods sold and business operations expenses. The cleanup and editing of an existing chart of accounts is included with this service. The Financial Reports you create with your chart of accounts will provide you with valuable insights into how to save money and grow your business revenues. Your accountant will create a customized chart of accounts hierarchy that makes sense to you as the business owner.
Your Accountant will Create Customized Account Hierarchies
Your accountant will create parent accounts together with sub-accounts that fall under these parent accounts. These accounts provide subtotals and control the look and feel of your Profit and Loss and Balance Sheet reports. Your accountant will partner with you to create a meaningful chart of accounts list that will provide you with ongoing insights into the financial operations of your unique business. Your accountant will begin this service by sending you a notification requesting your preferred chart of accounts list that will show up in your client dashboard. You can enter account information directly into the request within your client dashboard or upload your preferred chart of accounts list into a folder within your secure document upload portal.
Select Traditional Numeric or Customized Alphabetical Accounts
Traditionally a chart of accounts is numeric with 5 or 6 numbers that have a hierarchy from low to high. Assets and liabilities typically have the lowest numeric value, while expenses tend to have the highest numeric value. Many businesses choose to omit account numbers and instead have a customized alphabetical chart of accounts list that is specifically designed around how they would like to see information on their financial reports. With this service, you can select your preference and customize your chart of accounts to meet your specific business needs.
Your Personal Guide to Seamless Accounting: Advanced QuickBooks ProAdvisor at Your Service
Hey there! I’m Gina, and I’m the proud co-founder of Lend A Hand Accounting. Why did I start this? Well, I believe that everyone should have access to affordable, efficient, and flexible accounting and bookkeeping services. It’s all about making sure these essential services fit snugly into your budget without any fuss.
We’ve ditched the traditional hourly rate system and adopted a flat fee pricing. You might be wondering, “Why does this matter?” Well, this way, you know exactly what you’re paying for upfront and there are no unexpected surprises. You get to pick and choose the accounting services you need, like a customized menu. And the best part? You’re in complete control of when you start or stop using our services. We’re essentially just a call or a text away, no need for endless phone calls or draining trips to the accountant’s office.
I’m not just any accountant though. I’m an Advanced QuickBooks Online ProAdvisor. That means I’m equipped with advanced expertise and resources to help you leverage QuickBooks Online to its full potential. My goal is to make your accounting process smooth and efficient so you can focus on what you do best – running your business.
Ready to get started? Reach out to me directly at 360-637-4799. We can even kick things off immediately if you’re ready. Simply create a free account, and I can instantly take a look at your books and let you know where you stand.
At the end of the day, we’re here to serve you. We really appreciate the trust you place in us and we’re eager to meet all of your accounting and bookkeeping needs. Looking forward to being part of your team!
Take care,
Gina
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
