Certified Management Accountant
Certified Divorce Financial Advisor
Certified Intuit QuickBooks ProAdvisor
561-531-1858
Accounting and Bookkeeping Services
Your Small Business' Accounting Answer.
Our automated processes, increases efficiencies and lower costs permit clients to invest more time and budgets in other value added components to their backoffice.
Small Business Solutions
Not enough time in the day to build your business and keep track of your finances?
Let Elias Consulting, Inc (ECI) become your accounting office, your business partner.
Our Accounting and Bookkeeping Services Include:
Bank Reconciliation
Trial Balance sheet preparation
Financial Statement preparation
General Ledger Maintenance
Accounts Receivable
Accounts Payable
Cash receipts and disbursements
Payroll Processing
Recurring Reports
Why bookkeeping with us?
*Financial analysis
*Day to day tasks reporting
*Year end tax projection
*One stop solution for financial & accounting needs
*Timely, accurate & fast processing
*Optimized financial reporting & data availability
*State-of-the-art bookkeeping technology
*Highly trained and experienced accountants and bookkeepers
*Professional with Certified Management Accounting certifications
We are totally committed to a personalized approach in assisting to customers. We operate your backoffice for your small business accounting and bookkeeping service needs. We work with customized applications and web based bookkeeping software to provide you with the best financial data for your business.
We have served many reputed organizations in Northern Palm Beach and Martin Counties. You can outsource your bookkeeping services or small business accounting requirements to us and focus on core business activities. We have experienced bookkeepers and accounting professionals with the requisite qualifications to work closely with you.
Accounts Receivable
On a schedule determined by you, ECI will email you a report of all open vendor invoices. Just indicate which invoices you want paid, then email the report back. ECI will set up the requested bill payment checks in your accounting file.
Once the checks are ready to pring, we offer two options for printing:
You or a designated staff member can log into your accounting software and print checks directly to your local printer.
ECI can print the checks to a PDF fil and email them to you. The checks can then be printed on your local printer without any need to access the accounting data file.
The printed checks are signed and mailed from your office. You maintain full control over your funds.
Cash Receipts
Prior to taking deposits to the bank, you can scan or photocopy the deposit slip and each of the items to be deposited. Then creat an email and upload the file at your convenience or hold it for ECI to pick up. ECI will post the customer payments against the appropriate cutomer invoices and record the bank deposit.
Payroll Services
ECI either processes payroll or makes the necessary entries to record payroll processed by a third-party provider. In either case, payroll entries will include complete recording of gross wages, employer taxes and other payroll expenses, and payroll liabilities, and quarterly and annual reconciliation of general ledger balances to payroll returns. If needed, ECI can also initiate transfers from your operating bank account to your payroll bank account to cover payroll if these accounts are held by the same bank.
We do recommend direct deposit of employee paychecks whenever possible.
Banking Activities
ECI will have access to view and download transaction history and bank statements, and, if desired, to transfer funds between business accounts at your bank. ECI will not have the authority to sign checks or to initiate electronic payments that have not been pre-approved by you or a designated staff member.
Bank account activity is updated daily in your accounting file, so that you always know your available cash balance. Transactions that appear in you bank account that ECI has no knowledge of will be posted, but ECI will inform you of these transactions and request supporting information by email.
Banking, credit card, and loan accounts are reconciled to the corresponding statements each month, and the reconciliation reports are emailed to you promptly.
Business Filings
ECI will prepare required business returns such as sales tax, business license tax, personal property tax, and various industry specific tax filings. ECI will either file these returns electronically upon approval, or email the completed tax forms to you for signature and mailing.
Bank Reconciliation
Reconciling your business checking account each month allows us to keep you bank account, accounting, and taxes up-to-date.
Having us reconcile your account each month allows you to …
*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.
*Detect and prevent embezzlement of funds from within your company.
*Know how your business is doing. You can’t really know unless all accounts are reconciled and properly accounted for on you financial statement.
*Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
*Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.
Income Statement
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 the period.
An income statement allows you to …
*Track revenues and expenses so that you can determine the operating performance of your business.
*Determine what areas of your business are over-budget or under-budget.
*Identify specific items that are causing unexpected ecpenditures.
*Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
*Determine your income tax liability.
Balance Sheet
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.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial flows of revenue and expenses.
Determine if you need to take immediate steps to bolster cash reserves.
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 through the general ledger, a problem with your general ledger throws off all your books.
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.
If you would like to get detailed information about our accounting and bookkeeping services, please feel free to contact us.
Balance sheets, along with 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.
Mary Elias