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Accounting and Bookkeeping

                  

 Why CLIMB Accounting & Bookkeeping Services?



Reliable financial information is crucial to the success of any business endeavor. It enables the successful business leader to better manage their organization by providing the visibility needed on financial position and performance, thus allowing for better decision making and planning. Reliable and timely financial information is critical to the success of any organization...not having it could be detrimental.

CLIMB Business Services has the expertise and practical experience to ensure reliability and timeliness of your financial information. As a licensed CPA firm we are held to a higher standard and will address your accounting and bookkeeping needs in a technically sound manner consistent with Generally Accepted Accounting Principles (GAAP) so that you avoid the pitfalls of not having the reliable financial visibility needed for success.

Our accounting and bookkeeping services are typically provided at a fraction of the cost charged by larger CPA firms and include services such as: 

Accounting System Design & Setup  Financial Statement Preparation 
Accounts Payable Management  Accounts Receivable Management 
Account Reconciliation Service  General Ledger Maintenance 
Business Tax Service  Payroll Services 
Fixed Asset Management  Advisory Services

Our accounting and bookkeeping services are tailored to your needs and can range from a complete outsourcing of your accounting function to periodic reviews of the work performed by your in-house team. 

We can provide monthly, quarterly, and annual bookkeeping services that include these critical items:

Bank Statement Reconciliation
The importance of reconciling your company's bank accounts cannot be overstated. Reconciled bank statements ensure that your bank accounts are up-to-date and assist with:
  • Identifying lost checks, deposits, and erroneous transactions.
  • Detecting fraud, embezzlement, and unauthorized charges to your account.
  • Understanding exactly where you are at with cash balances.
  • Management of your cash flow and better decision making capability.
  • Peace of mind knowing that your cash is accounted for.
Balance Sheet Preparation
A Balance Sheet is sometimes referred to as a Statement of Position as it enables the user to see the financial position of a company at a particular point in time. It can be considered a "snap shot" of a business. In essence, a Balance Sheet shows a company's resources (Assets) and the claims against those resources (Liabilities and Equity). Among other things, a well prepared Balance Sheet allows the user to analyze key areas of a business, which include amounts owed to a company (Receivables), inventory levels, and amounts owed to others (Payables). Having visibility and an understanding of these and other items on the balance sheet are critical to business success and a properly prepared Balance Sheet is generally a requirement for any source of outside financing.

Income Statement Preparation
An Income Statement is also referred to as a Profit & Loss Statement. While the Balance Sheet can be considered a "snap shot" at a point in time, the Income Statement can be considered a "motion picture" covering a period of time; it reflects the business activities that occurred over a given period of time. Key items such as sales volumes generated, related costs of those sales, operating expenses, and profitability are reflected on an Income Statement. An Income Statement allows for visibility of the performance of the business over a period of time, indicates whether goals are being met or not, and provides a "springboard" for any corrective actions that may be necessary. Just like a Balance Sheet, a properly prepared Income Statement is critical to the success of a business and having a properly prepared Income Statement is generally a requirement for any source of outside financing.

Financial Statement Analysis
Having accurate financial information, reconciled accounts, and properly prepared financial statements are all key items in driving the success of a business. However, understanding what is being presented and the "story" that is being told by the numbers on the financial statements is critical. CLIMB Business Services provides financial analysis showing key areas of your company's performance, performance trends, and discussion points on  areas of concern. Our financial statement analysis is included with the preparation of financial statements.


*Our accounting and bookkeeping services are tailored to meet your specific needs. We can take care of your monthly, quarterly and annual reporting requirements, including payroll tax, sales tax, and personal property tax reporting as well as your lender and shareholder reporting responsibilities. Call us today to discuss your specific needs!


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