Monthly Analysis and Review

This level of service is designed to allow the business to do much, if not most of the day-to-day bookkeeping and usually requires only clerical level internal employee(s). JWTCO will work with the client employee(s) to help them assume as much responsibility as their experience, their knowledge, and client internal control procedures permit, thereby keeping JWTCO involvement in the routine bookkeeping, and the accompanying costs of that involvement, to a minimum.

This level usually affords the availability of GAAP compliant monthly financial statements and often still provides the monthly and quarterly tax reporting which the client requires. By generating monthly financial reports the client can stay abreast of current trends in the business, can provide current financial statements to creditors and investors, and can maintain properly adjusted historical data for subsequent period comparisons.

In reviewing the monthly accounting reports with the client, JWTCO typically expands on the financial reports, identifying and developing a procedure whereby more critical elements of the financial statement are more closely scrutinized. This process often leads to JWTCO’s design and development of special report(s) which may be prepared internally, usually weekly, to assist the entrepreneur and his/her management team in more frequent monitoring of such critical numbers as cash balances, sales trends, receivable collections, booked sales when the sales cycles are unusually long, or any of a myriad of other essential elements to keep the business on its critical path to success.