- July 22, 2016
- Posted by: Admin
Accurate and timely accounting information is a necessity for any successful business.
ADMANCO can assist you on either a temporary or on-going basis. We truly care about our clients and strive to form lasting relationships with each of them – providing beneficial information, access to a wealth of resources in order to serve each client’s needs.
We work with you to create a seamless relationship to help your business run smoothly, while making sure you are doing what you need to do to increase your profits and reduce your taxes.
We do this in a number of ways by helping you record and interpret financial data to make better business decisions.
First, the recording of the information. Just why is it important to maintain good records?
There are three primary reasons:
Better Management Control – All Business Owners need to have a tool to determine what results have been achieved in the past to make decisions for the future. Good records enable you to substitute informed judgment for guesswork and intuition in making business decisions.
Proof of Credit Worthiness – Time after time, statistics have revealed that almost 80% of business failures resulted from inability to avoid certain conditions that adequate records would have disclosed in time to correct. Records are a basic necessity in securing a loan. Few banks or other lending institutions are willing to negotiate loans without properly prepared financial statements that can only be compiled from the proper records.
Support for Tax Reports –
There are many tax returns that are required by Governmental Agencies:
Just to name some: Income tax (“Loonbelasting”), Business tax (“Profit Tax Return”) and Payroll tax. The responsibility for keeping records and proving their accuracy falls on the taxpayer, so the importance of keeping records is obvious!
Secondly, the interpretation of the financial data. We view our most important job as your business partner, is to make sense, out of all the numbers and statistics. As your partner in your business, we can take care of all of this so you can focus on doing what you went into business for in the first place! Some of the Accounting and Financial Reporting Services we provide are:
- Accounts Payables
- Accounts Receivables
- Bank Reconciliations
- Payroll Processing
- Payroll Preparation
- Monthly Payroll Taxes Payment
- General Ledgers
- Cash Receipts Processing
- Check Processing
- Check Registers
- Detailed General Ledgers
- Management Reports
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Customized Reports
- Quarterly Reports
- Year-End Report Generation