Accounting Process
Proper accounting is the foundation of every successful business. We know that behind every project, every invoice, and every dollar earned, there is effort, dedication, and goals to achieve. That’s why at IV Tax Services LLC, we offer professional, accurate, and transparent accounting services designed to give you a clear and complete view of your company’s financial health.
Our commitment is to help you keep your finances organized, comply with tax regulations, and make informed decisions to grow your business. We focus on providing reliable accounting service that frees you from the administrative burden, allowing you to focus on what really matters: making your business prosper and delivering your services with peace of mind.
Whether you are a self-employed worker, a small business owner, or a growing company, we are ready to handle your accounts with the seriousness and attention to detail your business deserves.
Our Accounting Process
Our accounting service is carried out through a clear, structured process tailored to each client’s needs, which we detail below:
1 - Initial Evaluation and Financial Diagnosis
We begin with a general review of your current financial situation. We analyze your income, expenses, billing, bank records, and tax obligations to identify improvement opportunities and establish an accounting plan according to your business.
2 - Document Organization and Accounting System Setup
We gather and organize all the necessary documentation: invoices, receipts, bank statements, payment vouchers, and more. If you don’t yet have an accounting system, we help you implement one, ensuring all your information is correctly recorded and easy to access.
3 - Transaction Recording and Control
We record all your financial operations in the accounting system, keeping a detailed and up-to-date log of income, expenses, payments, collections, and bank movements. This process allows us to maintain control and traceability of every transaction your business makes.
4 - Bank Reconciliation and Internal Control
We verify that your bank account balances match your accounting records. We detect possible discrepancies, errors, or unidentified expenses and help you correct them promptly.
5 - Financial Statements and Reports
We generate monthly or quarterly reports with a clear summary of your financial status:
- Income Statement (Profit and Loss)
- Balance Sheet
- Cash Flow Statement
These documents allow you to understand in detail how your business is performing and make strategic decisions based on real data.
6 - Ongoing Advisory and Follow-Up
At IV Tax Services LLC, we don’t just record your numbers, we analyze them with you. We guide you on how to reduce expenses, optimize resources, and prepare for tax filing. In addition, we keep you informed about key dates and tax obligations so you never miss an important deadline.