CPA Firm Los Angeles » Small Business Accounting

Every small business needs a good system for tracking and recording its financial transactions. This is crucial not just for filing your taxes and claiming deductions, but for having a complete picture of the financial health and profitability of your business.

Elias Aziz-Lavi CPA can provide whatever accounting assistance that your small business requires. We pride ourselves on developing a close partnership with our clients, and we can ensure that your financial records will be correct and secure.

Elements of Small Business Accounting

The goal of our services is to account for every transaction involving your business accounts, including sales, purchases, payments, and liabilities. Accounting for small businesses involves three essential tasks:

Bookkeeping: You must keep an accurate record of every transaction.
Creating financial reports: These records will allow you to generate your business’s financial statements, including your balance sheet, income statement, statement of retained earnings, and statement of cash flow.
Filing tax returns: Stay on top of your tax returns to avoid tax problems with state and local governments. A professional accountant can also navigate you through available deductions.

These tasks involve a series of sub-steps, such as creating a business bank account if you have not done so already, selecting your accounting method (cash or accrual), and carefully filing your receipts.

CPA Services for Small Businesses

Elias Aziz-Lavi CPA can assist you with all of these responsibilities and more. We can keep track of your income and expenditures, ensure accuracy and prompt corrections of inaccurate data, and generate your financial reports.

We can also consult with you and provide advice on the best way forward for your business financially, using the lessons we’ve learned from decades of accounting experience. We are committed to helping your business prosper year after year through sound financial management and spotless record-keeping.

Contact Elias Aziz-Lavi CPA if you’re in need of small business accounting services in the Los Angeles metro area. We look forward to helping you meet, then exceed, your financial goals.