We can prepare financial statements, including compilations with and without disclosures and provide onsite or electronic analysis of your financial information on a monthly, quarterly or annual basis, depending on your needs.
Accounting System Design and Software Consulting
The Schmidt Westergard team will work with yours to create enterprise-wide solutions that will streamline all processes from the most simple to the highly complex. We’re there with you from the initial needs analysis to implementation, integration and support. Together we’ll find additional value in your businesses processes and technology.
Certified QuickBooks Consulting
Schmidt Westergard’s QuickBooks ProAdvisors possess extensive experience on how to maximize the software performance for business owners. Over the years, we have helped many businesses with setup, training and ongoing maintenance. Spend less time on bookkeeping and spend more of your valuable time concentrating on growing your business. Schmidt Westergard has the skills and knowledge to support our QuickBooks customers in any way they need.
Fixed Asset Management (depreciation schedules)
For many businesses, the largest item on the balance sheet is your fixed assets. We take a detailed approach to fixed asset management that strengthens your fixed asset register and maximizes your tax advantages.
Ledger and Journal Maintenance
Schmidt Westergard can show you how to keep an effective accounting journal or log book that contains a chronological listing of a company’s transactions and events. We provide not only clear and concise journal maintenance, but guide you and assist you in recording your transactions for optimum results. Ledgers and journals are reviewed by IRS and state taxing authorities during examinations. Proper maintenance can not only provide good records but will save you tax dollars and help you run your business more effectively.
Payroll and Sales Tax Preparation
When it comes to paying employees and calculating sales tax, state laws and the IRS have made these functions a time consuming nightmare for the small business owner. Schmidt Westergard offers solutions that meet your business’ needs and enable you to spend time doing what you do best–running your company. Schmidt Westergard excels in being current on all the constantly changing payroll and sales tax laws.
Cash Flow and Reconciliations
We examine the components of your business that affect cash flow, such as accounts receivable, inventory, accounts payable and credit terms. By performing a cash flow analysis on these separate components, you’ll be able to more easily identify cash flow problems and find ways to improve your cash flow. Schmidt Westergard can maintain your monthly reconciliations to keep your business on the right track.