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.
Accounting and Bookkeeping Support by a QuickBooks ProAdvisor Program Member
I founded Lend A Hand Accounting because I believe accounting and bookkeeping services should be affordable, efficient, and flexible. We use flat fee pricing, which makes our accounting services a comfortable fit for any budget. At Lend A Hand Accounting, we’ve found a formula that really works! You select the accounting services you need, and control when you want to start or stop services. It is all in your hands! We’ve cut out the need for endless phone calls and long trips to the accountant’s office.
Feel free to call or text me now at 360-637-4799. We can also get started right away. Go ahead and create a free account and we can automatically look at your books and let you know where you stand.
We really appreciate your business and look forward to serving all of your accounting and bookkeeping needs. Thanks again!
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.