Chancellor Accounting & Tax Services LLC

Bookkeeping Services
Proper book-keeping is essential to ensure complete and accurate record of all the financial transactions in a systematic orderly, logical manner. This ensures that the financial effects of these transactions are reflected in the books of accounts, improves financial analysis and management, meeting government regulation, makes reporting to creditors and investors easier, make business planning easier, more accurate budgeting, maintain organized records and easier to produce custom financial reports to process tax filings on time and avoid any compliance issues. Messy books can lead to difficulty in getting business loans or investments, inaccurate picture of financial health, over withdrawals, missed opportunities in the form of tax deductions or credits, penalties for inaccurate filings, inability to find key records, and inconsistencies in records. We will take care of all your bookkeeping needs which can include:
•    Record and categorize daily payments and expenses.
•    Send customer invoices and record payments received.
•    Reconcile bank and credit card accounts.
•    Generate financial statements.

 

Accounting Services
According to the Small Business Administration (SBA), U.S. government agency that provides assistance to small business owners, a primary reason why small businesses fail is a lack of funding or working capital. Financial institutions are more likely to offer credit to small business owners who have sound business plan and maintain clean accounting records. Our services include:  
•    Review the general ledger for any discrepancies such as double billings or any unrecorded payments.
•    Prepare and post adjusting journal entries to the general ledger.
•    Analyze the cost of operation.
•    Advise business owners on financial decisions.
•    Review and analyze financial statements.
•    Assess financial health, make forecasts and recommendations.