SMALL BUSINESS ACCOUNTING SERVICES
Small Business Accounting
Small business accounting services for companies that need CPA oversight, reliable financial statements, balance-sheet review, adjusting entries, and a stronger month-end close. Get clearer accounting records for tax preparation, management reporting, financing discussions, and day-to-day business decisions.
CPA Oversight
Financial Reports
Tax Coordination
Financial Statements You Can Rely On.
Accurate accounting gives you a clearer view of profitability, cash, debt, and owner activity before reporting, financing, or tax decisions need to be made.
WHO THIS IS FOR
This service may be a good fit if you:
For owners who need stronger accounting oversight, reliable financial statements, and a cleaner month-end close.
Need CPA-reviewed financial statements
Have balance-sheet or ledger issues
Need adjusting entries or cleanup
Want accounting aligned with tax
SERVICE OVERVIEW
CPA Accounting and Financial Reporting for Small Businesses
Hyman Financial Solutions provides small business accounting services for owners who need more than basic transaction coding. We review the general ledger and balance sheet, prepare or review adjusting entries, reconcile key accounts, analyze loans and owner-equity activity, and produce financial statements that better reflect how the business is actually performing. The work is designed to create a stronger accounting foundation for tax preparation, management reporting, and business decisions.
Accounting issues often appear outside the income statement. Unsupported balance-sheet accounts, incorrect loan activity, misclassified owner transactions, stale receivables or payables, and inconsistent payroll entries can all affect the reliability of financial reporting. We focus on the accounting structure and month-end close needed to make profit and loss statements and balance sheets more complete, consistent, and decision-ready.
Designed For:
Small Businesses
Growing Companies
Owner-Managed Firms
What We Handle
Month-End Close, Financial Statements, and Accounting Review
The approved scope may include general-ledger review, balance-sheet reconciliations, adjusting journal entries, loan and fixed-asset accounting, owner-equity review, accruals, payroll reconciliation, financial statement preparation, and selected month-end close procedures. The engagement is tailored to the accounting system, reporting needs, transaction complexity, and internal resources.
01
Monthly financial statements
Profit and loss statements and balance sheets prepared from the accounting records to provide a consistent view of financial performance and position.
02
Balance sheet review and cleanup
Cash, receivables, liabilities, loans, equity, and other balance-sheet accounts reviewed for unusual or unsupported balances.
03
Adjusting journal entries
Accruals, reclassifications, corrections, and other adjusting entries prepared when needed to improve the accuracy of the financial statements.
04
Loan and fixed asset accounting
Debt activity, interest, fixed assets, depreciation-related records, and major purchases reviewed for appropriate accounting treatment.
05
Owner equity and distribution accounting
Owner contributions, draws, distributions, shareholder or partner activity, and related equity accounts reviewed and recorded consistently.
06
Month-end close and tax coordination
Key accounting accounts and financial statements reviewed as part of a structured close process that supports management reporting and year-end tax work.
Why It Matters
Financial Reports Are Only Useful When the Accounting Behind Them Is Sound.
A profit and loss statement can look reasonable while the balance sheet contains old liabilities, duplicated assets, unsupported equity balances, or unreconciled accounts. Those issues can affect taxes, financing, owner decisions, and the credibility of financial reporting. A disciplined month-end close brings the general ledger, balance sheet, and supporting schedules together so management has more reliable information and year-end tax work begins from cleaner records.
Financial statements that do not reflect actual balances
Unsupported owner, loan, payroll, or asset activity
Year-end adjustments that delay tax preparation
WHAT YOU CAN EXPECT
Stronger Accounting. Clearer Reports. Better Decisions.
The goal is a supportable general ledger and balance sheet, consistent month-end accounting, and financial statements that provide a clearer view of business performance.
01
CPA-Level Accounting Review
Review key accounts, unusual balances, journal entries, owner activity, debt, payroll, and other accounting items that affect financial statement reliability.
02
Decision-Ready Reporting
Receive profit and loss statements and balance sheets that are organized consistently and easier to use for management, lenders, and tax planning.
03
Cleaner Year-End Close
Maintain more supportable records throughout the year so tax preparation, adjustments, and year-end questions require fewer last-minute corrections.
01
Request Your Accounting Review
Tell us about the business, accounting system, reporting needs, current bookkeeping process, loans, payroll, and financial statement concerns.
02
Review the Books and Balances
Provide accounting access and requested statements, schedules, prior financials, tax returns, and supporting records through the secure portal.
03
Confirm the Close and Reporting Scope
We define the accounting review, adjustments, close procedures, reporting schedule, responsibilities, timeline, and recurring pricing before work begins.
HOW IT WORKS
A Clear Process From Accounting Review to Monthly Close
We review the accounting system, reporting needs, balance-sheet accounts, current close process, and open issues before confirming the recurring accounting scope.
Frequently Asked Questions
Small Business Accounting Questions, Answered Clearly.
Review common questions about month-end close, financial statements, adjusting entries, balance-sheet reconciliations, cash versus accrual accounting, owner activity, and tax coordination.
What is included in small business accounting services?
Small business accounting may include general-ledger review, balance-sheet reconciliations, adjusting journal entries, loan and fixed-asset accounting, owner-equity review, payroll reconciliation, month-end close procedures, and preparation of financial statements. The scope is tailored to the business's accounting system and reporting needs.
How is small business accounting different from bookkeeping?
Bookkeeping focuses primarily on recording transactions and reconciling accounts. Small business accounting adds higher-level review of the general ledger, balance sheet, adjusting entries, accounting treatment, and financial statements so the records are more complete, supportable, and useful for tax and management decisions.
What financial reports will I receive?
Depending on the engagement, financial reporting generally includes a profit and loss statement and balance sheet, with additional schedules or management reports when needed. We also review unusual or unsupported balances that could affect the reliability of the financial statements.
Can you help with month-end close and adjusting journal entries?
Yes. We can assist with month-end close procedures and adjusting entries for items such as accruals, loans, payroll, fixed assets, owner activity, and other accounts that require accounting review. The objective is to produce more reliable period-end financial statements and cleaner year-end records.
Can you review my balance sheet for accounting problems?
Yes. We can review balance-sheet accounts for unreconciled cash, stale receivables or payables, incorrect loan balances, unsupported assets, payroll liabilities, owner equity, and other unusual items. Corrections are based on available source records and the accounting treatment applicable to the transaction.