Summit Financials Services
SCHEDULE A CONSULTATIONSummit Financials provides businesses with a modern, efficient way to manage your company's finances. Leveraging cloud-based technology and digital communication tools, we handle tasks such as recording transactions, reconciling accounts, preparing financial reports, and managing payroll without the need for an on-site presence.
Our services are particularly valuable to your small to medium-sized business, as we offer cost-effective solutions, scalability, and access to experienced professionals. Summit Financials also enables real-time financial insights, which empower business owners to make informed decisions.
The process of recording all financial transactions of a business, such as sales, expenses, and payments. Bookkeeping ensures that a company’s financial records are accurate and up-to-date, helping business owners understand their financial position.
Part-time Chief Financial Officer who provides high-level financial expertise to your business without the need to hire a full-time CFO. Great for small to medium-sized businesses that need strategic financial guidance but don’t have the resources for a full-time executive.
Making sure the General Ledger matches what the company needs to know to understand their financial position. Tracking metrics specific to industry and business structure.
(cash and credit) the process of comparing a company’s financial record with its bank statements to ensure that all transactions are recorded properly. This helps identify any discrepancies or errors.
Overseeing money owed to the business to be sure payments are collected and recorded properly.
Tracking invoices and bills to be sure that bills are paid on time.
A financial statement that shows a company’s assets, liabilities, and equity at a specific point in time. It provides a snapshot of the business’s financial health and stability.
Schedules that detail periodic payments over time and record the portion that is a principal payment and the portion that is the interest expense.
Recording the loss of value on a specific asset over time and allocate that loss as an expense to reduce the company's taxable income.
Stay on top of sales taxes and be sure that they are tracked, recorded and paid according to regulations.
Managing payroll, 1099 freelancers. Making sure tax liabilities are accounted and remitted properly and in a timely manner.
Work with your CPA to ensure records are organized and compliant with tax regulations. Makes tax filing easier and more accurate.
If you find yourself behind on your finances and books, we can clean up, organize and make sure they are up to date. Gives companies a fresh start and helps CPAs file taxes.
Are you new to QBO and want help setting up your books and learning the basics of how to use it? We can help.