Business Accounting Services
Coet & Coet is a team of professionals with a full range of financial skills for bottom line results. Accounting is the language of business. Our user-friendly service moves the accounting burden from your shoulders to ours.
- All businesses should employ double-entry accounting. Your checkbook balance does NOT communicate your business profit or loss.
- Accrual method of accounting recognizes income as it is earned and expenses as they are incurred.
- Do you "age" your receivables? Do you nag customers who owe you money? If not, why not?
- If you're using a personal credit card for your business, do not commingle business purchases with items that are personal. The allocation of finance charges becomes complex and messy when both personal and business charges are made to the same charge account.
Accounting Services at Coet & Coet
Bookkeeping is hard, time-consuming and boring. Good bookkeeping, however, is the skeleton that supports your business's existence. If you don't want to be an accountant or hire one, outsource your bookkeeping function to a quality CPA firm for far less than the weekly pay for a full-time bookkeeper - without payroll taxes, workers' compensation insurance and pension plan payments.
Budget control is critical to the life of your business. Do you have a budget for your business? If not, why not?
Payroll preparation. The accurate preparation of payroll reports, combined with timely payments must be a primary goal of ANY business owner or controller. Penalties and interest are the largest and most severe in this area of taxation. Do you know all the rules? Do you know the due dates of all appropriate reports? Are you utilizing the IRS's Electronic Federal Tax Payment System® (EFTPS)?
Financial statements for businesses are instrumental to guide your company into the future. Historical financial statements, when prepared correctly and timely, assist you in spotting trends. How do you know where your financial business stands without statements disclosing profit and loss, assets, liabilities, network, and cash flows?
Assistance in securing loans. Lenders are interested in the past, present and future of your business. Coet & Coet has assisted clients in obtaining more then $700,000 in SBA guaranteed loans for start-ups and expansion in the past twelve months.
We handle the details of your financial statements while you concentrate on your business.