Small Business Accounting

Grow a Healthy Business with Our Accounting Services 

Managing a small business is no small feat. With business accounting taking up so much time, brain power, and effort, it can be easy for business owners or entrepreneurs to overlook their books.

Properly managed businesses are bound to grow, even in competitive markets. Reap the rewards of professional, stable accounting with Turner and Patat, PC. Handoff your business’s finances with full confidence, and get back to the things that matter most to you.

Our small business accounting services include:

  • QuickBooks
  • Payroll
  • Financial Statements
  • Part-Time CFO Services
  • Compliance Communication

Ensure IRS Compliance with Communication and Tax Services

With small businesses being a leading target for IRS audits, it’s of the utmost importance to remain compliant with legislation. We take the time to communicate the rules and regulations regarding your business operations and finances.

From garnishing employee wages to filing your taxes, our services ensure legality and help prevent IRS intervention. The competent staff at Turner and Patat, PC are well-versed in all areas of legal business operation, finance, and taxation.

We prepare and file your tax returns, as well as offer counsel on your year-round tax planning decisions.

Financial Planning for Your Small Business

A working budget plan determines where to allocate your capital. Having a strong budget helps your business thrive in highly competitive markets.

We evaluate income sources, determine fixed and variable expenses, predict tax payments, and compile our findings to create a strong budget for your business.

QuickBooks

This intuitive accounting software is easy to use and great when managing your business’s finances. With our QuickBooks managing service for both online and desktop applications, we help you utilize this innovative tool to the fullest.

Using the QuickBooks accounting software, the skilled accountants at Turner and Patat, PC help you maintain accurate data and up-to-date records, preventing capital loss, fines, and even IRS audits. Each month or quarter we can do the following things for you...

Turner and Patat, PC: Providing Peace of Mind

Call Turner and Patat, PC today and get started on the path to success. Call us today to speak with one of our skilled accountants. We offer free consultations and look forward to working with you.

 
Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to...

  • Identify lost checks, lost deposits and unauthorized wire transactions.
  • Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
  • Detect and prevent embezzlement of funds from within your company.
  • Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
  • Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
  • Protect yourself. 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. 
 
Income Statement

An 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.

An income statement allows you to...

  • Track revenues and expenses so that you can determine the operating performance of your business.
     
  • Determine what areas of your business are over-budget or under-budget.
     
  • Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
     
  • Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
     
  • Determine your income tax liability.

 
Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

  • quickly get a handle on the financial strength and capabilities of your business
     
  • identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
     
  • determine if your business is in a position to expand
     
  • determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
     
  • determine if you need to take immediate steps to bolster cash reserves
     
  • determine if your business has been slowing down payables to forestall an inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

 
Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

If you'd like to receive a free consultation on our Small Business Accounting Service, please complete this form.

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Get In Touch

At Turner and Patat, PC, we've been serving the accounting needs of Athens, GA and the surrounding areas since 1983. If you need help managing any aspect of your home or business's finances, we want to hear from you.

Please fill out this form and let us know how we can be of service. Our initial consultation will determine how we can best serve you.

We look forward to working together!

Turner and Patat, PC

1165 Cedar Shoals Drive,
Athens, GA 30605

1800 Hog Mountain Road, Building 700 Suite 101,
Watkinsville, GA 30677

T: (706) 354-1212
F: (706) 546-7708
E: info@turnerandpatat.com

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