Business Advisory and Accounting Partner
A Partner in Your Business Growth…
Think of our business advisors as part of your leadership team or board of directors. We tailor a strategy to your unique business to keep it compliant, tax-efficient, and more organized. Our business advisory plan will help you more strategically manage your business and monetize every asset you can. You will rest more comfortably knowing that you are covering all of your financial bases and making informed decisions.
ACCOUNTING SERVICES
Since 2007, Lawson & Co CPAs has provided expert business accounting services to our clients in Texas. When you work with us, you can be assured you will work with a team of professionals that focus on tax planning to get you the best results. Our highly qualified staff works as a team to be proactive in meeting your tax and accounting needs.
We look through the windshield with a focus on tax efficiency planning and growth planning rather than just focusing on completing forms and filing tax returns. Our expertise and experience drive us to utilize thorough research and analytical tools in identifying optimal tax planning opportunities within both existing and ever-changing tax law environments.
When we become your Business Advisory and Accounting Partners, our services help you maintain accurate records and obtain meaningful reporting. This information influences financial issues such as accounting system setup, cost-containment, profitability analysis, tax efficiency planning, budgeting, cash flow forecasting and building an income statement and balance sheet that accurately reflect your business activity.
SERVICES INCLUDE:
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General ledger review
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Financial statement preparation
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Bookkeeping (Monthly, quarterly, or annual)
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Accounting system setup and support
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Expense review and management
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Payroll processing
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Cash flow budgeting and forecasting
Good Business, Individual & Estate Planning
decisions depend on good information. From start-ups to established enterprises, You rely on accurate and insightful financial information in order to manage profitability, capitalize on new opportunities and monetize your business.
General Ledger Review
The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flow through the general ledger, a problem with your general ledger throws off all your books.
A professional review of your general ledger system allows us to locate any discrepancies such as double billings, unrecorded payments or items improperly coded to a balance sheet rather than to your income statement. We identify these discrepancies and fix the issues, making your books accurate.
Financial Statement Preparation
Lawson & Co CPAs shows you as a business owner how to set up the your financial statements enterprise using best practices. Our professionals will guide you through how to read the income statement and balance sheet and, most important, how to manage your business using this valuable information.
Types of Statements
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Balance sheet (or statement of financial position)
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Income statement
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Cash flow statement
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Statement of changes in owners’ equity or stockholders’ equity
Accounting System Setup & Support
Each business has different needs and different budgets for their accounting system. At Lawson & Co CPAs, we work with our clients and identify what system best fits their needs and budget. We provide guidance on four specific decisions with regard to an accounting system, helping you understand the benefits and drawbacks of each choice you must make.
Accounting System Decisions:
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Whether to use a cash or accrual accounting method
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Select the proper software
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Know what expenses should be tracked and create a chart of accounts
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How to design and format your financial statements
Cash Flow Budgeting & Forecasting
Although profit may be the ultimate goal, it can’t become a small business owner’s sole focus, because without a successful cash management plan, profit can be meaningless. Lawson & Co CPAs works with clients to gain a full understanding of their cash flow and how it impacts profit. This information is central to operating a successful small business.
Our team enables you to forecast cash flow in the short and long term, in order to budget the smart way, protect yourself in lean times, and ultimately grow your business.