KLSM CPA Firm PLLC
Accounting & Bookkeeping
Business owners and entrepreneurs often say that they are too busy running their business to manage the books for their business or they simply do not know where to start. We offer accounting and bookkeeping services, because we understand the value of maintaining accurate accounting records.
The benefits of maintaining accounting records include:
- Accuracy - Accurate financial data ensures that business owners have up to data to make timely and informed business operation decisions.
- Ease of tax filing - Bookkeeping makes it is easier to ensure that you have the correct information to submit your state and federal tax filing requirements, in a timely manner.
- Financial Analysis - Bookkeeping also allows for detailed financial analysis of trends and performance comparisons on a monthly, quarterly or annual basis. Analysis is another tool business owners can use to manage business operations and track spending and profitability.
Did you know that businesses worldwide lose an estimated 5 percent of their annual revenues to fraud each year (2018 ACFE Report to the Nations on Occupational Fraud and Abuse)? Did you know that small businesses lose almost twice as much based on the same report. The truth is fraud happens more often than you think and as small businesses, you must protect yourself.
Has fraud occurred in your organization or do you suspect that it has? We work with business owners and their legal counsel to uncover how the fraud was perpetrated, the magnitude, and suggest recommendations on how to improve internal controls to aid in the prevention of a future occurrence.