Accounting Services
We provide essential small business accounting and complete bookkeeping services, tailored to meet your specific needs and challenges. Our strategic approach helps you thrive and achieve sustainable growth, keeping you competitive and maximizing your financial success.
Business Accounting Services
General Ledger & Financial Statement Preparation
Preparing the General Ledger and Financial Statements is vital for financial management. It requires accurate recording and organizing of transactions, portraying the company's financial health. A well-maintained general ledger ensures reliable data, essential for trustworthy statements. These statements indicate performance and are crucial for decision-making, planning, and compliance. Their proper preparation aids stakeholders in making informed decisions that foster growth and stability.
Accounting System Setup for New Businesses
A good accounting system is essential for new businesses to succeed. A well-organized setup helps meet financial rules and offers important insights into business performance. With the right accounting software and processes, new businesses can simplify their finances, handle cash flow effectively, and better understand their profits. Veritad Business Solutions specializes in building tailored accounting systems that fit your needs, providing a strong base for future growth and success.
Computerized Payroll Services
Computerized Payroll Services simplify payroll by automating calculations, deductions, and taxes. These services improve efficiency and accuracy, reducing mistakes and saving time for businesses. With features like direct deposit, customized reports, and compliance updates, payroll systems ensure employees are paid on time and meet legal requirements. By using these solutions, organizations can focus more on growth and less on administrative tasks, leading to better productivity.
Sales and Use Tax
Sales and Use Tax is vital for businesses, providing revenue for state and local governments. Sales Tax is charged on goods and services at the time of purchase, while Use Tax applies to out-of-state or online purchases, ensuring consistency in tax obligations. Understanding these taxes is crucial for businesses to stay compliant, avoid fines, and build good relations with tax authorities. Effectively managing Sales and Use Tax can also offer insights into customer buying habits and assist in financial planning.
Personal Accounting Services
Personal Financial Statements
Personal financial statements are crucial for individuals to manage their finances. They typically include a balance sheet with assets, debts, and net worth, along with a statement of income and expenses. By compiling this data, individuals can assess their financial status, make informed decisions, plan for the future, and identify improvement areas. Whether seeking a loan, preparing for retirement, or enhancing money management, these statements are vital for lasting financial stability and success.
