Determining Actual Costs and the Basis for Year-End Data
A lot needs to be done at the end of the year, and performing year-end adjusting entries is the first step to complete before proceeding to other accounting tasks. They can be somewhat confusing given that what you’re doing, for example, is determining your accurate monthly costs of, say, a utility bill that doesn’t cover a strict “first of the month to end of the month” timeframe. Also, for prepaid services, such as insurance premiums that you might pay upfront for a six-month or year-long period, you need to adjust from “asset” to “expense.”
Schneider thrives at taking care of the precise details your business accounting and record keeping depend on. No matter how organized or disorganized your books might be, we can get you up to date and develop a plan for keeping you on track. Trust our financial expertise to keep you in compliance and aware of your true costs and overhead.
With a team of authorities at the helm of Schneider, we’ve developed proven processes for all of our accounting tasks. We are exceptional at quality control and ensuring exactitude—not only in accounting but in our strong suite of business and personal services. You’ll get the attention and the proactive communication you should expect of any world-class service provider.
Regardless of our starting point in taking over accounting duties—beginning, middle or end—we provide your company seamless solutions that let you redirect worry over financial compliance toward more positive pursuits. We know taxation and government regulations—not to mention those of banking, finance and other areas—inside and out. When we’re done we’re more than happy to sit with you and explain what we’ve achieved for you.