Why Choose USFAAF for Small Business Accounting?
At USFAAF, we provide accounting and bookkeeping services that keep your business compliant, audit-ready, and financially organized. Here’s why small businesses trust us:
- CPA-Supervised Accuracy: Certified Public Accountants oversee all services, ensuring accuracy, compliance, and reliability.
- Customized Services: Tailored solutions for your industry, giving you financial clarity and support to make smart business decisions.
- Transparent Pricing: Competitive, upfront pricing with no hidden fees.
- Timely Reports: Stay informed with reliable and regular updates.
- Secure Data Management: We use leading software to securely manage and protect your financial data.
Accounting & Bookkeeping Services
Welcome to USFAAF – your trusted partner for your business accounting, bookkeeping, and financial statement preparation. Our services are supervised by Certified Public Accountants (CPAs), delivering accuracy and compliance so you can grow your business confidently. With USFAAF, you’ll gain peace of mind knowing your finances are expertly managed.
Our Core Services
Bookkeeping Services
Transaction Recording
Our team records and categorizes each transaction, providing accurate, detailed records of income, expenses, assets, and liabilities. This includes handling all daily transactions, receipts, invoices, and other documentation for comprehensive financial records.
Bank & Credit Card Reconciliation
We match your bank and credit card statements with your internal financial records, ensuring consistency and identifying any discrepancies or unauthorized transactions promptly.
Accounts Payable Management
We process, record, and track all payables, ensuring timely payments to vendors and suppliers and helping you avoid late fees and maintain strong relationships.
Accounts Receivable Management
Our team monitors incoming payments and follows up on outstanding invoices, keeping your cash flow steady and ensuring timely collections.
Expense Tracking & Categorization
We meticulously track and categorize your expenses, helping you manage budgets effectively and identify areas for cost savings.
Customized Financial Reporting
Receive clear, actionable reports on your company’s financial health with options for monthly, quarterly, and annual reports, tailored to your specific needs.
Our Core Services
Accounting Services
General Ledger Management
We maintain a detailed general ledger that records every transaction in a structured way, providing a foundation for accurate financial reporting.
Expense Analysis & Cost Allocation
Our accountants analyze expenses and allocate costs across departments, projects, or products, giving you valuable insights into resource use.
Budgeting & Forecasting Support
Our team assists in developing realistic budgets and provides regular forecasting based on historical data and industry trends, helping you make proactive business decisions.
Revenue Recognition & Cost Matching
We ensure revenue and expenses are accurately tracked and matched, providing a clear, true view of profitability.
Compliance with Financial Regulations
We stay up-to-date with federal, state, and industry regulations, ensuring your records meet compliance requirements and are audit-ready.
Internal Controls & Process Improvements
Our team assesses your financial processes, implements controls to reduce errors, and suggests improvements to safeguard assets and increase efficiency.
Our Core Services
Financial Statement Preparation
Monthly Financial Statements
Receive CPA-supervised financial statements each month, including income statements, balance sheets, and cash flow statements, for an ongoing view of your financial position.
Quarterly Financial Reports
Each quarter, we provide comprehensive reports summarizing your financial activities and offering insights into quarterly performance and trends.
Annual Financial Statements
At the end of each fiscal year, our team compiles a full set of annual financial statements, giving you a clear and complete overview of your business's yearly performance.
Balance Sheets
We prepare detailed balance sheets outlining your assets, liabilities, and equity, providing insights into your company’s net worth at any given time.
Income Statements (Profit & Loss Statements)
Our team compiles income statements that track revenue, costs, and expenses, providing a clear picture of your profitability over specified periods.
Cash Flow Statements
We prepare cash flow statements to help you understand cash movement in and out of your business, offering insights into liquidity and financial obligations.
How Accurate Financial Records Protect Your Business from IRS and State Audits
Reduce Audit Risks
Accurate and well-organized records reduce the most common IRS and state audit triggers. When financials are carefully tracked, you avoid red flags such as unreported income, inconsistent expense reporting, and misclassified deductions. By categorizing income and expenses precisely, we ensure that all transactions are correctly recorded, reducing the risk of discrepancies or anomalies that might otherwise attract IRS scrutiny.
Ensure Compliance
Tax regulations are complex and constantly evolving, with specific federal and state rules that vary by industry. Our team stays up to date on these regulations, ensuring your financial records meet both IRS and state requirements. We maintain full compliance with guidelines related to deductible expenses, depreciation, revenue recognition, and more. This not only keeps your records audit-ready but also helps you take advantage of applicable tax credits and deductions within the bounds of the law.
Streamlined Tax Filing
With precise, CPA-supervised records, tax filing becomes a smoother, less stressful process. Accurate financial records mean fewer errors on your tax returns, reducing the risk of costly mistakes and potential fines. Our well-organized documentation also means that all necessary information is readily available at tax time, allowing for efficient filing that minimizes the risk of last-minute surprises or missed deadlines.
Preparedness for Audits
Should an audit arise, having CPA-prepared, thoroughly organized financial records allows you to respond confidently and professionally. Our team provides detailed, organized records that make it easy to locate and verify any requested information, minimizing the disruptions audits can bring. By having all transactions, receipts, and relevant documents in order, you can present a clear, reliable picture of your business’s finances, helping to quickly resolve any inquiries and reduce potential liabilities.
Get Started with USFAAF’s CPA-Supervised Accounting Services
Are you ready to take control of your financial management and safeguard your business from audit risks? Contact USFAAF today for a free consultation and learn how our CPA-supervised services can help your business thrive.
With USFAAF, your financial records are in safe, experienced hands. Let’s bring clarity, stability, and security to your business finances.
