Accounting Services
Let us be an extension of your team
Many growing businesses struggle to create a well-tuned accounting process, especially as certain systems and processes need to change to support increased activity. While invoicing, accounts payable, and payroll often suffer first, improper or delayed accounting also stifles future growth by limiting the necessary data for strategic decisions. Business owners typically try to manage it themselves while balancing their many other duties or hire accounting staff to remedy the problem. However, this ties up additional resources, but it can be ineffective without the proper expertise and day-to-day guidance.
To help business owners overcome these challenges, Smith Schafer offers scalable accounting services. Whether you need help managing the daily routine or assistance with more strategic decisions, such as software analysis and selection, our accounting professionals can give you back valuable time and resources so you can focus on growing your company.
FREE GUIDE: WAYS OUTSOURCED ACCOUNTING CAN BENEFIT YOUR BUSINESS
Our Accounting Services:
- CFO Services
- Monthly Bookkeeping
- Monthly/Quarterly Bank Reconciliations
- Payroll Support
- Financial Reporting
- Accounts Payable Processing
- Forecasting and Budgeting
- Invoice Preparation
- Account Receivable
- Accounting System Design and Set Up
- Payroll Tax Return Preparation
- Quickbooks Pro Advisor Consulting
Less time worrying about accounting means more time to focus on what you really care about.
Contact us today to learn more about how we can take the burden of accounting off your plate.
Accounting resources
4 Recent Accounting Changes
Whether it is working from home, virtual school, or curbside pickup at your favorite restaurant, 2020 has had no shortages of changes and required adaptations. Accounting in 2020 is not exempt from these changes.
4 Cost Accounting Basics You Should Know About
Cost accounting aims to capture a company’s total production cost by assessing the variable costs of each step of production. It is a process of gathering, examining, summarizing, and evaluating various alternative courses of action.
COVID-19 Relief for Accounting Standards
On June 3, 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-05, bringing relief for both for-profit and nonprofit entities. The standard allows entities who have not yet issued their financial statements to DELAY the implementation of ASU 2014-09, Revenue Recognition from Contracts with Customers (ASC 606).
