Stylianou Accounting | Business Bookkeeping
Stylianou Accounting provides quality individual and business IRS and State tax services, business formation, and other financial services.
Accounting, IRS, Taxes, Business Services, Astoria, New York, Payroll,

Business Bookkeeping / Professional Bookkeeping Services Are A Smart Choice

As a small business owner you have an overwhelming amount of work to manage and grow your business. Taking care of your own books can not only be a challenge on top of everything else you need to do, but can cost you if it’s not set up or maintained correctly.  We can set up your books professionally  and help you to organize your business bookkeeping, so you can rest knowing that you are covered and can focus on running your business and generating profits!

Each month or quarter we will:

■ Reconcile your bank account

■ Generate an income statement

■ Generate a balance sheet

■ Clean up your general ledger

■ Provide unlimited consultations

We help you establish the solid foundation of your small business accounting system. You can then customize the package of services you receive by adding payroll, tax planning, tax preparation, or any of our other services.


Bank Reconciliation

Reconciling (checking for accuracy) for your business checking account each month, we keep your bank account, accounting, and taxes up-to-date.

Some things we do when reconciling your business banking:

■ Keep all your accounts balanced and secure.

■ Identify lost checks, lost deposits and unauthorized transactions of any kind.

■ Detect and prevent excess/unjustified bank charges and ensure transactions are posted correctly by your bank.

■ Detect and prevent embezzlement of funds from within your company.

■ Help you manage your cash more effectively.

■ Report to you the financial status of your business and all your accounts.

Proper management of funds not only saves you money, it makes you money. You will sleep more peacefully at night knowing your accounts are reconciled, in balance and that all escrow funds, accounts, checks and disbursed funds are properly organized and accounted for.


Income Statement

An income statement, otherwise known as a profit and loss (P&L) statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for a specified period.

 An income statement allows you to…

■  Track revenues and expenses so that you can determine the operating performance of your business.

■ Determine which areas of your business are over-budget or under-budget.

■ Identify specific items that are causing unexpected expenditures.

■ Track dramatic increases in product returns or cost of goods sold as percentage of sales.

■ Determine your tax liabilities.


Balance Sheet

A balance sheet gives you a snapshot of your business’ financial condition at any specific moment in time.

A balance sheet helps you:

■ Quickly get a handle on the financial strength and capabilities of your business.

■ Identify and analyze trends, particularly in the area of receivables and payables.

■ Determine if your business is in a position to expand.

■ Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses.

■ Determine if you need to take immediate steps to bolster cash reserves.

■ Determine if your business has been slowing down payables to forestall an inevitable cash shortage.

A balance sheet, along with your income statements, are the most basic financial documents required by potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.


Maintaining a Clean General Ledger

The general ledger is the core of your company’s financial records. These records constitute the central “books” of your system. Since every transaction flows through the general ledger, any problem with your general ledger throws off ALL your books.

By reviewing your general ledger system each month we can hunt down any discrepancies such as double billings or unrecorded payments. Then we’ll fix the discrepancies so your books are always accurate and in the best of shape.


Call Us: 718 606-0766