Kimberly Allen Bookkeeping Services - Bookkeeping for the small business owner - Alaska

SMALL BUSINESS BOOKKEEPING

We know bookkeeping is every business owner’s most daunting task.
That’s why we have made it our business to have bookkeeping services that fills the void and makes sure your books are up to date and easy to understand allowing you to get back to the job of running your business and generating profits

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Take Control of Your Business Finances

MORE TIME

MORE MONEY

PRIORITIZED ACTION

You can rest easy knowing each month your financials will be accurate and easy to interpret.

Each month KAB will:

The above tasks create a systematic foundation for your small business and allows you to gain a 360° look at the financial health of your business. In addition, we offer the opportunity to you to  customize services to build a support system based on your specific needs. Additional services may include payroll, A/P & A/R, and inventory management.

fREQUENCY

Every business is different. KAB offers small business bookkeeping services with you in mind. 

  • One-Time
  • Monthly
  • Quarterly
  • Yearly

Bank Reconciliation

Reconciling bank accounts and credit cards timely provides relevant financial information for your business.

Reconciling accounts every month is important to help identify:

  • Uncleared checks. This could mean a check is lost and your vendor will show that you still have a balance due. Vendors will generally charge interest on balances owed over 30 days, so an uncleared check could be costing you money.
  • Bank deposits that do not match your sales receipts. Was a sales receipt possibly not recorded in your books to match the deposit?
  • Unauthorized bank or credit card charges. Fraud is a valid concern today. Most of the time a bank or credit card Company will contact you if they see unusual activity, however sometimes they do not recognize all fraudulent charges.

General Ledger Reconciliation

The general ledger is the meat of your Company. Within it lies the story of all money that comes in and goes out.

  • All money in is captured to show who the money came from and what it was for. These transactions are recorded as income and can be recorded with as little or as much detail as you would like.
  • All money out is captured to show who you paid and what you paid for. These transactions are recorded as expenses.
  • The proper recording of these transactions is crucial in order to create financial statements that are relevant and accurate so that business decisions can confidently be made.
  • General Ledger reconciliation is a review of the transactions within each account.

Financial Reporting

Financial Reporting provides you with essential financial information to make relevant business decisions.

Income Statement (Profit & Loss)

The Income Statement lists and totals all income and expenses for a specified period. The expenses are subtracted from the income to provide you with a net income figure. Net Income is a good measure of the profitability of your business.

A review of the Income Statement can allow you to:

  • Identify your income sources.
  • Track expenses by account and identify how much is spent on specific expenses.
  • Compare actual expenses against a budget.
  • Compare current period expenses against previous period expenses.

Balance Sheet

The Balance Sheet lists your assets, liabilities, and owner’s equity. It is also known as a statement of financial position because it is a good snapshot of the business’s financial standing.

QuickBooks provides the ability to review these reports quickly.

Additional Services

In addition to bookkeeping KAB also offers:

  • Payroll Services
  • Retroactive Bookkeeping Services
  • Accounts Payable
  • Accounts Receivable
  • Inventory
  • Contractor Year End 1099 Reporting
  • Special Requests

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Holy Smokes! We hired Kimberly Allen Bookkeeping recently and can't say enough. She is very professional and thorough. A ton of help for us.

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Questions?

If our FAQ’s or Website hasn’t answered your questions and you’re not ready to schedule a consult, feel free to send us a message and we will get back to you as soon as possible.