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 financial records.
Having DM Tax Solutions, LLC ( DMTS) review your general ledger system each month allows us to identify any discrepancies such as double billings or any unrecorded payments. so your books are always accurate.
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.
DMTS provides you with timely and accurate statements to facilitate your business decisions.
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 that specific period.
Track revenues and expenses to measure the operating performance of your business.
Highlight what areas of your business are over-budget or under-budget.
Create Strategic Planning Solutions to increase revenue and minimize tax liability.
Reconciling your business' checking account each month allows us to keep your bank account, accounting, and taxes up-to-date.
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.
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.