Accounting and Bookeeping Services

Small Business Accounting

At Ratafia & Co, CPA’s, we understand that every business owner needs timely access to accounting information. A good set of books is the basis for many key financial decisions, including tax planning. With our guidance you will have all the financial information you need to make the right decisions for the short and long-term success of your business. As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits!Each month or quarter we'll do the following things for you...

Reconcile your bank account
Generate an income statement
Generate a balance sheet
Clean up your general ledger
Provide unlimited consultations

IT Performance Check

These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.

Bookeeping Services

When you hire RAF Accounting, you’re getting much more than an accounting firm. You’re getting a true partner who will learn about your business, assess your needs, and provide the kind of counsel that will help you succeed even when you face stiff competition.We will help set up your books, provide guidance and get you going on the right track from the beginning. We can handle all your bookkeeping needs ourselves or we can train you to handle this yourself, in an understandable way. Our New York City CPA firm will take the time to get to know your business so we can become a true partner with you. We provide a range of small business accounting and bookkeeping services that can be personalized to meet your specific needs.

Reconcile your bank account

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date. Having us reconcile your account each month allows you to...

Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.

Generate an income statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

Generate a balance sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Clean up your general ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books. Having us review your general ledger system each month allows us to hunt down any discrepancies such as double billings or any unrecorded payments. Then we'll fix the discrepancies so your books are always accurate and kept in tip top shape.

Provide unlimited consultations

We are always available to spend time with you so you fully understand how to interpret and utilize the financial information we provide. Our consultations are already included in our price, so please feel free to call us whenever you have a question or concern.