Accounting

Increase the Odds of Business Success with Expert Accounting Services

It’s a fact: Working with an accountant from Abacus Tax & Accounting, Inc. dramatically increases the odds of success for your business. With 50% of businesses failing in their first five years (Source: SBA), it makes sense to find ways to increase your chances of success with your business, no matter where you are in the US.


Finding the Perfect Blend of Accounting Skills and Expertise

Every business is different regarding the type and level of accounting services needed. Some small businesses may only need bookkeeping services, while others benefit from many layers of accounting skills, from bookkeepers to Chief Financial Officers.


Suppose your business is in the small to mid-market range, generating $500,000 to $20 million in annual revenues. In that case, having a full-time CFO, a full-time controller, and multiple bookkeepers with all the full-time salaries and benefits in your accounting department may not make sense.


The good news is you can still get advice on these high-level accounting skill sets while paying only for what you need. Abacus Tax & Accounting, Inc. works with business owners like you to create a customized package based on your company’s unique accounting needs.


Unlock the magic of financial success for your business. Let Abacus Tax & Accounting, Inc. be your trusted partner, providing customized accounting services that foster synergy and empower your financial knowledge. Contact us today to take the first step towards mutual benefit. Call or email us now!

Accounting Services Overview

Recordkeeping Services

Almost all businesses start with basic recordkeeping, often handled part-time by available staff or outsourced to a vendor. The focus is on meeting tax compliance requirements.

Bookkeeping Services

For businesses with revenues under $500,000, our bookkeeping services include transaction coding, bank reconciliation, and monthly report generation. Bookkeepers can be part-time or full-time employees, contractors, or outsourced service providers.

Bookkeeping + Light Advisory Services

Small businesses earning $500,000+ annually, benefit from bookkeeping services and advisory support. We assist with cash flow management, accounting software, payroll compliance, and workflow efficiency, providing returns through process improvements and training.

Controller Services

For businesses surpassing $1 million in annual revenue, controller services are crucial. Bookkeeping is handled by in-house employees, contractors, or outsourced providers, with an accounting manager overseeing the process and discussing financial reports. Additional advisory services may include budgeting, forecasting, and financial analysis. In addition, some advisory services may be included:


  • Budgeting & forecasting
  • Cash flow projections
  • Loan package creation
  • Insights into where you can reduce expenses, increase revenues, decrease risk, and/or benefit from financial opportunities
  • Accounting process setup, improvement, and documentation
  • Accounting system selection, setup, customization, and training
  • Chart of accounts optimization
  • Accounts receivable support and analysis
  • Inventory setup, reporting and analysis
  • Job costing setup, reporting, and training
  • Internal control review to reduce the risk of fraud and other management risks
  • Key performance metrics selection, setup, and review
  • Financial training to elevate skill sets of employees and owners
  • Financial report review and guidance
  • Compliance with financial reporting rules and regulations
  • DCAA compliance
  • Audit assistance and coordination with an external auditor
  • Hiring or supervising accounting staff


Many of these advisory services will not be needed every month. A great accounting team will be proactive and suggest services that will positively impact your profitability.

CFO

For companies with $5 to $10 million+ in annual revenue, a Chief Financial Officer (CFO) provides executive-level decision-making, strategic planning, capital management, investor relations, contract negotiations, and regulatory compliance. Our customized accounting services cater to businesses of all sizes, supporting your growth and success.

Why Does Your Business Need an Accountant?

Keeping the Cash Flowing

Ensure steady cash flow with our expert tools and strategies, including optimized reporting, accelerated receivables, forecasting, and loan package preparation.

Accounting System Selection, Setup, Customization, and Training

Find the perfect accounting system for your business and enjoy seamless implementation, customization, and staff training to maximize efficiency.

Process Development & Improvement

Streamline your accounting processes, eliminate inefficiencies, and save time and money with our expert analysis and recommendations.

Profitability Analysis

Gain valuable insights into your profitability by location, product, or employee, enabling informed decision-making and improved financial performance.

Behind the Controls

Strengthen internal controls, minimize risks of fraud and theft, and protect your business assets with our comprehensive reviews and recommendations.

Planning, Budgeting, and Metrics

Develop long-term plans, create budgets, and set key performance indicators (KPIs) for better financial management and goal achievement.

Real Estate and Equipment Acquisition

Make informed decisions on major investments through our financial evaluation and comparison services, ensuring optimal outcomes.

Staff Training

Empower your bookkeeping and accounting staff with comprehensive training tailored to your business needs, enhancing their proficiency and contribution.

Sounding Board

Benefit from our experienced perspective as a fellow small business owners, providing valuable advice and support for your business ideas and decisions.

Get Your Free Consultation Today!

(408) 761-9471

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