Financial Reporting & Accounting
Financial Reporting & Accounting for Tacoma, Pierce County Businesses
What we can Do
Financial Reporting & Accounting
Every business should be utilizing financial reporting. Accurate financial reports play an important role in shaping and guiding your business. From strategy to operation decisions, everything revolves around the health of your business’ finances. At Jeff Baker & Associates, we put together financial reports for your business so you can see the trends that indicate when you should take the next step for your business, or when to hold back. Our reports and metrics can be tailored to your specific needs, so contact us today for a free consultation.
How Our Financial Reporting and Accounting Services Benefit You
1. Clear, Actionable Financial Insights
In the fast-paced and competitive business environment of Tacoma, having accurate and timely financial reports is crucial for making informed decisions. At Jeff Baker and Associates, we provide you with detailed financial insights that go beyond the numbers.
By optimizing your resources through data-driven decisions, you ensure that your investments yield the highest returns. Additionally, closely monitoring your financial health allows you to anticipate and address potential issues before they become major problems, helping to keep your business on a steady path.
2. Localized Expertise to Tacoma, WA & Pierce County
At Jeff Baker and Associates, our deep understanding of the Tacoma market and Pierce County allows us to offer financial strategies tailored specifically to the region’s unique economic conditions and regulatory requirements. We stay informed about local market trends, navigate regional regulations, and address community-specific challenges, ensuring that your financial practices are compliant and effective.
Our expertise enables us to capitalize on local opportunities, connect with regional programs, and network with key associations like the Master Builders Association of Pierce County, Women’s Council of Realtors Washington State, and others. This strategic approach helps position your business for success and growth in the Tacoma and Pierce County area.
3. Tailored Accounting Support for Tacoma Businesses
In Tacoma, every business has unique accounting needs, and our tailored services are designed to meet them. For startups, we offer customized QuickBooks setup and consulting to ensure your system is configured to fit your specific requirements, providing both initial setup and ongoing support to keep your finances running smoothly.
For established businesses dealing with disorganized or incomplete records, we provide precise accounting reconstruction to give you a clear, reliable financial picture. Additionally, our ongoing support includes regular bookkeeping, financial statement preparation, and reviews, allowing you to focus on growing your business while we handle the financial details.
Comprehensive Accounting Services for Tacoma Businesses
Reviews and Compilations
Our role in the financial reporting process is to provide constructive solutions that help maximize your company’s profitability and efficiency. We provide all three levels of financial reporting:
- Reviews: A series of analytical procedures conducted with limited assurance.
- Compilations: Analyses based on client information. Intended primarily for internal use.
Accounting Services
Well-organized financial records ensure that your business runs efficiently on a daily basis. That’s why we commit to providing accurate and timely financial information.
Our firm provides a full range of cost-effective accounting services, including:
- Accounting system setup for new businesses
- Business tax return preparation
- General ledger and financial statement preparation
- Litigation support
- Personal financial statements
Financial Statements
Financial statements can help you determine how to alter your business plan to increase productivity and efficiency. We can help you prepare financial statement in accordance with professional standards. The statements produced can be a useful tool for making financial decisions.
These financial statements do not include an expressed opinion or any other form of assurance of the included information. For statements which include assurance, see Reviews and Compilations.
Accrual Basis
An accrual basis financial statement estimates the financial aspects of a business in which a transaction happens, but the payment hasn’t occurred yet. These are known as receivables. Another aspect that is considered is payables, which are expenses for a period in which you have not paid for yet. Let us provide you with an accrual basis financial statement for your business. Our experienced professionals can provide you the tools to know how to increase profit in your business.
Cash Basis
A cash basis financial statement looks into the finances of a company based on a cash flow method. This means that all transactions are recorded once payment is received. For a cash basis financial statement, turn to the qualified financial advisors at Jeff Baker & Associates, PS. We’ll help put together a cash basis financial statement and advice on how to increase profit in your business.
Tax Basis
A tax basis financial statement is based on tax laws. It treats both revenues that aren’t taxable and expenses that are not deductible in a different way than accrual and cash basis financial statements. On the financial statement, the revenues and expenses can be separate items, add-ons or deductions to overall income, or in a disclosure. Let us help increase the profit in your business by preparing a tax basis financial statement for you.
Personal Financial Statements
Whether you’re tracking business expenditures or an investor is looking into your business, a personal financial statement is a good thing to have. It will include a balance sheet, which is the basic information about assets and liabilities, and an income statement, which tracks what is earned and spent in a certain time. If you are unsure how to go about preparing your personal financial statement, let the experts at Jeff Baker & Associates, PS help. A personal financial statement is an important way for you to know where your business can profit.
Prescribed Financial Statements
Jeff Baker & Associates can assist you with your financial statements either for personal or professional reasons. Financial Statements are a collection of reports about an organization’s financial results, cash flows and financial condition. They are statements that can be created to show a monthly, quarterly or annually change in your personal or business financial situation.
QuickBooks Set-Up, Accounting and Consulting
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product, install and set-up properly. At JBA we don’t just help you use the software; we help you use it more efficiently and effectively. We have a QuickBooks Pro Advisor that can assist you with questions or problems you may have.
Accounting Reconstruction
If you find that your tax returns are under or over what you expect, you might need accounting reconstruction. Often, businesses need extra help tracking finances and amending returns. Jeff Baker & Associates, PS can help. By looking at all accounts and transactions, we can help prepare revised financial statements that will accurately help you prepare your tax returns for maximum profit. Make sure that you’re not missing all the tax return money that you could be entitled to. Our financial experts want to help your business prosper.
What we can Do
Tax Preparation & Small Business Services
Help with business tax return, sales & more
Ensure your success of your business with our accounting and tax services, including accounting system setup and more!
Help with Tax Preparation & Planning
Prepare for your upcoming tax filing and increase your financial stability with our tax preparation and planning services.
With over 100 years of combined experience, we are confident that we can provide the tax and financial assistance that best fits your business or personal needs. We pride ourselves on being proactive and responsive to our clients’ inquiries and suggestions
ADDRESS
Note: The client entryway is downstairs in Suite 102.
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