Balance Sheet

Gift & Associates provides clients with a monthly balance sheet which gives them the information they need to make sound business decisions, such as making capital expenditures or implementing strategies to improve profits.

Bank Reconciliations

Reconciling a bank statement with the checkbook can be a tedious process, but Gift & Associates will perform monthly reconciliations to ensure that a business’s checkbook balance and bank statements are accurate. Monthly reconciliation can catch mistakes early and prevent costly mistakes later.

Earnings Report

Companies need to maintain an accurate earnings report on each employee. This information – which includes payroll and tax filings – can affect other financial functions, such as human resource activities, including performance reviews, hiring practices and employee termination.

Financial Ratio Analysis

Gift & Associates gives you this managerial tool to help you keep in control of your business plan. You can use this method to analyze important relationships such as rate of inventory turnover, aging of accounts receivable and working capital.

General Ledger

A company’s general ledger is the primary financial tracking tool of a business. Gift & Associates provides clients with a detailed general ledger on a monthly basis. The general ledger shows not only payees and payers, but dates and check numbers as well. Clients also receive year-to-date information.

Operating Statement

An operating statement is an invaluable tool for owners to use when making strategic decisions about a business’s future. Gift & Associates prepares a comparative operating statement which shows where the business is compared to its budget or to the same point in the previous year. The statement shows variances for both the month and year-to-date.

Operating Statement Performance Graphs

Sometimes pictures speak better than numbers. That’s why Gift & Associates provides clients with monthly Operating Statement Performance Graphs. These graphs are developed from the operating statement and give business owners a concise, visual picture of business trends.

Payroll

Employees are the heart of every business and savvy business owners recognize the importance of paying employees promptly and ensuring that accurate tax and employee-directed deductions are made. When clients don’t have the time or expertise to handle payroll in-house, Gift & Associates recommends Pay Smart Payroll Services, a locally owned and operated payroll service that shares our commitment to excellence and personal service.

Accounts Payable Check Writing

Our accounts payable check writing service produces professional, computer-generated check, plus provides a detailed management analysis by disbursement period. This service is fast, efficient and trouble-free. With Gift & Associates, accounts payable check writing is no longer a tedious process, but a smooth function of your business.

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