For tax preparation in Glen Rose, Texas, you can count on Judy Williams at Wheeler Branch Bookkeeping Services, LLC. Judy Williams assists taxpayers and small businesses with taxes in Glen Rose, Texas and the surrounding communities. Judy Williams has years of valuable experience as an IRS registered tax preparer.
Profit & Loss Statements
Profit & Loss Statements A profit and loss statement (P&L) is a financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year. These records provide information about a company's ability – or lack thereof – to generate profit by increasing revenue, reducing costs, or both. The P&L statement is also referred to as "statement of profit and loss", "income statement," "statement of operations," "statement of financial results," and "income and expense statement."
YTD Profit & Loss Comparison
Prior-Year Profit & Loss Comparison After you've compiled several P&L statements, compare the documents to look for changes in income and expenses. Comparing specific costs for given time periods can help you determine which activities are increasing profits for your business and which activities are cutting into your company's bottom line.
Understanding where money might be draining out of your company lets you evaluate what to do to get or keep your profits headed in the right direction.
Bank Reconciliation A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bankstatement. The goal of this process is to ascertain the differences between the two, and to book changes to the accounting records as appropriate.
Sales Tax Reports
Sales Tax Reports Generally, states require businesses to pay the sales taxes they collect quarterly or monthly. You'll have to use a special tax return for sales taxes, and report all sales, taxable sales, exempt sales and amount of tax due.
General Ledger Services
General Ledger Reports
The General Ledger Report shows all transactions from all accounts for a chosen date range. The initial summary report shows the totals for each account and from here you can view a detailed transaction report or any exceptions.
Payroll Services Looking for an Affordable bookkeeper or Payroll service for your business? We will manage your payroll & payroll so you can focus on your business.
Wheeler Branch Bookkeeping Services, LLC | Phone (254) 897-2783 Copyright 2016. All rights reserved.