Small Business Accountant in San Francisco

Accounting Advisory and Bookkeeping Firm For Small-to-Medium-Sized Businesses in San Francisco and Nationwide

In order to run a successful small-to-medium-sized business, you need a reliable and strategic accounting system. This includes accurate records of course, but you also need strategies that maximize profits, streamline business processes, and promote growth. That's what we provide for our clients here at Lowden Financial.

If you have been looking for accounting advisory and bookkeeping services in San Francisco or somewhere else, or if you're tired of complex and inefficient account practices that are costing you money, send us a note. We'd be happy to speak with you and provide a free consultation at your earliest convenience.

How Can Lowden Financial Help Your Small-to-Medium-Sized Business?

While not a comprehensive overview by any means, here are a few ways that a small business accountant can help you maximize profits.

Account and Bank Reconciliations

Through reconciling your company's internal financial records, including to your bank statements, on a timely basis, allows us to identify discrepancies or errors that could wreak havoc on your company if not resolved. Reconciliations allow you to track movements within each account, making sure that money you receive and spend is accounted for and making its way to the correct destination.As a CPA firm based in San Francisco, we will identify. document, and resolve these discrepancies, ensuring every transaction is accounted for and that your financial records are maintained accurately and orderly. Regular reconciliation is crucial for all businesses to manage cash flow, detect fraud, and maintain trust with stakeholders. The end goal is to maintain financial integrity and help you make informed decisions.

Monthly Financial Statements For Your Review

With an experienced CPA on your side, you can be the master of your business's cash flows and operations. It starts with data collection; we will gather all relevant financial data, such as receipts, invoices, bank statements, and transaction records for the month. From there, our bookkeeping and accounting advisory services will come into play. We will input and categorize all financial transactions into our preferred accounting software (Quickbooks) and ensure that revenue, expenses, assets, liabilities, and equity are accurately captured.

As necessary, we can make necessary adjustments for accruals, prepayments, depreciation, and other non-cash items -- anything to reflect the correct financial position and performance. Our technical accounting experience enables us to account for even the most complex transactions to ensure your company and its records operate in accordance with generally accepted accounting principles (GAAP).

Monthly statements come in handy. Profit and loss statements (P&L) show revenue, expenses, and profit or loss for the month. An up-to-date balance sheet describes the company's assets, liabilities, and equity on a monthly basis, and a cash flow statement shows inflows and outflows from operating, investing, and financing activities. These are key financial documents that you need to stay abreast of while your business grows.

AR and AP Support and Analysis

Accounts Receivable (AR) and Accounts Payable (AP) are crucial aspects of a business's financial management. With analysis and audits, you may not be able to guarantee positive cash flow and financial stability.

AR is the category of funds that customers owe your business for products and services. Lowden Financial can audit your books to find delinquent accounts that you may have missed, identify opportunities to streamline your billing and follow-up process, and help you set up and implement an organized system for tracking invoices and payments. We can also help you observe insights and trends regarding your customers' payment behavior, and this can help you make informed decisions about credit terms and cash flow projections.

AP, on the other hand, represents the money your business may owe suppliers or creditors. An AP analysis from Lowden Financial can help a business owner understand expenditure patterns, identify areas where costs can be reduced, ensure that the business takes advantage of any early payment discounts, and negotiate better credit or payment terms when necessary.

Keeping our firm on retainer guarantees regular analysis of both accounts receivable and accounts payable. We can uncover trends and potential issues and monitor key metrics such as Days Sales Outstanding (DSO), Days Payable Outstanding (DPO), and more. Such analysis not only helps in maintaining liquidity but also in strategic planning for growth and sustainability.

Expense Tracking and Job Costing

Accounting Advisors Who Categorize and Track Expenses

Lowden Financial can help categorize and report all business expenses, thereby ensuring accuracy and compliance with tax laws. In particular, we identify areas where costs can be reduced, prepare financial statements accurately, and ensure that all expenses are accounted for correctly.

Job Costing Specialists

For businesses involved in projects or manufacturing, job costing is critical for understanding the profitability of individual jobs or products. Our small business accountants can help allocate direct costs like materials and labor, as well as indirect costs, like overhead. We want to help you price your products or services appropriately and make you as profitable as possible. You will gain valuable insights regarding future quotes and budgeting, and we will support the short term and long term financial health of your business.

Unlimited Support

Send us all of your questions related to business accounting and bookkeeping as they come to mind. We are here from you every day of the week, and we want to be as accessible as possible.

Not Sure If It's Time To Hire a CPA? We Can Help With Your Decision

Feel free to email us regarding your financial pain points, goals, and items you need help with. If you have no idea where to start, that's fine as well. We will be transparent with you regarding our services and how we can help you.

Itself a small business, Lowden Financial understands that keeping costs streamlined is important. Perhaps you have been comfortable keeping track of your business's operations in Excel, and all seems well. You may be reluctant to incur an additional expense by outsourcing your finances. However, we are happy to speak with you about the additional insights you will gain, time and money you will save, and the additional opportunities that will present themselves when you're able to solely focus on growing your business when you work with us, Lowden Financial.

Lowden Financial Supports Your Business All Year

We don't simply show up during tax season, handle your filings, and disappear. We will meet early in the fiscal year to look at the books, create strategies, and set forth a plan that will help you make more money and tackle financial waste. Our goal is to partner with you to grow your business, and our services are the foundation on which to do that.

Contact Your Accounting Advisor Today

We would be happy to hear from you. We can discuss your business's needs and pain points and set up a plan that allows you to get back to what truly matters, running and growing your business.Whether you already know you need accounting support, or you are trying to decide if an accounting partner is a good fit for you, please get in touch. We help business owners in San Francisco, Daly City, Marin, Oakland, and nationwide.

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