Oasis Accounting & Tax Corp  Oasis Accounting & Tax Corp

Refuge From Your Financial Challenges

A Diverse Accounting and Tax Practice to Meet Your Financial Needs

Small and Medium Sized Business Accounting Services

As an owner of a small or medium sized business your focus needs to remain on what you do best and that is running your business whether a lawn service, small construction trade company, general contractor, restaurant, law firm, pool cleaning service, retail store, farm, ranch, nonprofit organization, radio station, software company, architecture firm, auto repair shop the list is endless.  Small and medium sized business owner have more important things to do than to perform the daily postings and balancing of general ledger accounts of your own books. This is where Oasis Accounting and Tax Corp come into action and shines, we take care of your books for you, so you can get back to the job of running your business and generating profits as you intended when you started your business.

Each month or quarter Oasis Accounting & Tax Corp will perform the following.

These tasks when they are performed properly and consistently form the solid foundation of your business accounting and reporting system to provide you with information to make sound and informed business decisions. You have the options to customize any of our service packages such as adding payroll processing and payroll tax reporting services, tax planning, business budgeting, tax preparation, or any of our other services.

 


Bank Reconciliation

Reconciling your business checking, savings, undeposited, contra, credit card and credit line accounts each month allows us to keep your bank accounts, cash effecting accounts, accounting, and taxes up-to-date.

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

  
Profit and Loss Statement

A profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to report a profit or loss for the period.  Once your business has a history of at least 1 year it is best to generate comparative profit and loss reports so that you can see how your income and expenses compare against the same time period of a previous period, year or month, we like to include with percentages so that large variances are more easily identified while reviewing.  A company should also generate profit and loss reports that reflect the same comparative to history described above but against your business plan and budget (budget to actual reports), it is much easier to be proactive monitoring trends than to be reactive realizing that your plan has been out of the window for most of the year.

A profit and loss report allows you to...

 
Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time, it reflects the health of your business, its ability to weather financial challenges or face that new location or expansion to your existing business location.

A balance sheet helps you...

 

 

Balance sheets, along with other 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 of your books which in turn invalidates your income statements, balance sheet, profit and loss, statement of cash flow.  The whole system must be monitored regularly and be accurate to provide helpful information and reports to help you drive your business decisions.

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.

 
Consultation Availability

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide.  We not only provide financial statements but we review the details within so that you have a firm and solid understanding of what is taking place within your business. Please feel free to call us whenever you have a question or concern or would like further discussions regarding any aspect of your business, tax planning, income or expense trends we are always available to meet with you.

 

Roboform.com
RoboForm - The Standard, The #1 Rated Password Manager