Understanding Basic Accounting Services

Basic Accounting encompasses essential tasks that go beyond traditional bookkeeping. It involves reviewing, analyzing, and organizing your financial data to maintain clarity and accuracy. These services ensure your financial records align with accounting standards and provide a solid foundation for growth.

Our Basic Accounting Services include:

✔ Chart of Accounts Setup & Maintenance
A well-structured Chart of Accounts (COA) is the backbone of your accounting system. We create and maintain a customized COA tailored to your business, categorizing your income, expenses, assets, and liabilities. This ensures organized financial tracking and easy access to reports when you need them.

✔ Bank & Credit Card Reconciliation
To ensure your financial data is accurate, we perform detailed reconciliations by comparing your internal records to bank and credit card statements. This helps identify discrepancies, detect fraudulent activity, and ensure that your books reflect your actual financial position.

✔ Fixed Asset Management
For businesses with physical assets such as equipment, vehicles, or property, we manage the tracking and reporting of fixed assets. This includes monitoring depreciation, calculating asset values, and maintaining accurate records for tax reporting and compliance.

✔ Month-End Closing
Month-end closing is a critical part of the accounting cycle. We finalize your books by verifying transactions, reconciling accounts, and ensuring all financial data is accurate. Clear, detailed reports are generated to give you a comprehensive overview of your business’s financial performance.

Proper accounting is the key to understanding how your business is performing and where improvements can be made. Without accurate financial data, it’s difficult to track progress, plan for the future, or make informed decisions.

With our Basic Accounting Services, you can:

• Ensure Financial Accuracy: Identify and correct errors before they become costly problems.
   
• Stay Compliant: Maintain clean records that adhere to accounting standards and tax regulations.
   
• Understand Business Performance: Gain insights into your revenue, expenses, and profitability with accurate reports.
   
• Make Strategic Decisions: Confidently plan for growth, investments, and budgeting with reliable financial data.
   
• Streamline Tax Preparation: Eliminate the stress of tax season with well-maintained records.

At Synergy Accounting Solutions, we take the complexity out of accounting by offering personalized services that fit your business’s unique needs. Our experienced team uses the latest accounting software and best practices to ensure your financial records are accurate, organized, and compliant.

We’re not just number crunchers — we’re financial partners dedicated to helping your business succeed. From setting up your Chart of Accounts to managing reconciliations and month-end closings, we provide the financial clarity you need to make confident decisions.