Financial Report Services are available exclusively to clients who have selected both Bank Feed Categorization and Account Reconciliation services. Without consistent weekly transaction categorization and monthly reconciliations performed by your accountant, the accuracy of your financial reports cannot be assured.
As part of Financial Report Services, your accountant reviews and validates Balance Sheet account balances including your Equity contributions and distributions, posts necessary adjusting entries, and verifies the accuracy of income and expenses reported on your Profit and Loss Statement. When additional information is needed, you will receive secure notifications through your client dashboard with clear requests for documentation.
Documents can be uploaded directly to your secure client portal or sent to your accountant by email. Your Monthly Management Financial Reports are customized based on your entity type and the way your business operates, and your finalized financial statements are always available directly within QuickBooks Online. We encourage you to review your reports regularly.
Your Accountant can Provide Feedback on Your Monthly Financials
Small business owners need clear, straightforward explanations of their financial reports in order to make confident, informed decisions. Your accountant provides practical, common-sense analysis of your Profit and Loss Statement and Balance Sheet so you can clearly understand your company’s overall financial health—an essential factor in long-term success.
Through CFO-level insights, your accountant helps you interpret your operating, investing, and financing activities and understand how your financial decisions impact cash flow, profitability, and growth. You may contact your accountant directly with questions about your monthly financials.
Monthly financial reports are securely available within the QBO Report center and are not manually emailed. If you would like a professionally prepared PDF copy of your financial statements with CFO commentary, it can be provided upon request.
Your Accountant will Record Asset, Liability, Equity Transactions
Because your QuickBooks Online financial reports must accurately reflect your business’s current assets, current liabilities, and owner’s equity, your accountant works with you each month to ensure these balances are properly recorded and fully reconciled.
Under Monthly Financial Report Services, we also track and record equity contributions (equity-in) and owner distributions (equity-out), validate and true-up gross income reported on Forms 1099-K from platforms such as Stripe, Square, Shopify, and other payment processors, and ensure that all sales activity is accurately reflected in your financial statements. We record fixed asset purchases, maintain accumulated depreciation schedules, and account for business investments and loans as needed to preserve the accuracy of your Balance Sheet.
The only exception to in-system recording occurs when transactions originate outside of QuickBooks Online—such as sales processed through third-party e-commerce platforms or payroll processed by external payroll providers. In these cases, our firm provides monthly point-of-sale and third-party payroll journaling services for providers such as Gusto, ADP, and Paychex to ensure your financial reports remain complete and compliant.
This service is designed to maintain and validate the integrity of your financial statements within QuickBooks Online and is not intended for manually emailing financial reports to clients.
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.