Understanding the accounting cycle is key to managing your business finances effectively. At Sai CPA Services, we help simplify this process so you can focus on what you do best growing your business.
1. Identifying Transactions
The cycle begins by identifying all financial activities, such as sales, purchases, and expenses. Sai CPA ensures nothing is missed.
2. Recording in the Journal
Each transaction is recorded using accurate double-entry bookkeeping. Our team handles this with precision to maintain balance in your books.
3. Posting to the Ledger
Journal entries are transferred to the general ledger, organizing your financial data into specific accounts like income, expenses, and assets.
4. Pr...
Understanding the accounting cycle is key to managing your business finances effectively. At Sai CPA Services, we help simplify this process so you can focus on what you do best growing your business.
1. Identifying Transactions
The cycle begins by identifying all financial activities, such as sales, purchases, and expenses. Sai CPA ensures nothing is missed.
2. Recording in the Journal
Each transaction is recorded using accurate double-entry bookkeeping. Our team handles this with precision to maintain balance in your books.
3. Posting to the Ledger
Journal entries are transferred to the general ledger, organizing your financial data into specific accounts like income, expenses, and assets.
4. Preparing a Trial Balance
We then prepare a trial balance to ensure all debits equal credits, highlighting any discrepancies before moving forward.
5. Adjusting Entries
Sai CPA professionals review and adjust your entries for items like depreciation or accrued expenses, ensuring your financials reflect real-time accuracy.
6. Preparing Financial Statements
We generate clear and compliant financial statements—income statement, balance sheet, and cash flow—giving you a complete financial picture.
7. Closing the Books
Our team closes out temporary accounts, prepares your records for the next period and ensures accuracy in retained earnings.
8. Beginning a New Cycle
With Sai CPA Services, you’re ready to start each new accounting cycle smoothly and confidently.
Let Sai CPA Services take care of your accounting needs—accurately, efficiently, and professionally.
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Phone: (908) 380-6876
(908) 888-8900
1 Auer Ct, East Brunswick,
NJ 08816
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