Accounting Services

Our firm offers a complete range of accounting services. We prepare financial statements for use by banks, investors, and other third parties, offer bookkeeping services, and can provide cash flow and budgeting analysis. We can also prepare custom financial reports for internal, managerial use.

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Financial Statements

We prepare professional, Generally Accepted Accounting Principles (GAAP)-compliant financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize a business's full profit potential.

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Bookkeeping

We provide full-charge bookkeeping services, including general journal and subsidiary ledger maintenance, bank statement reconciliation, and receivables and payables tracking and analysis. In addition, we perform after-the-fact payroll return preparation, including forms 941, CT-941, UC2/5A, 940, W-3, W-2, and 1099-misc.

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Cash Flow

Wayne W. Stanforth, CPA offers expert cash flow and budgeting analyses that can help you minimize cost overruns, lost purchase discounts, and uncollectible receivables. Many of our clients state that these value-added services are indispensable!

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Frequently Asked Accounting Questions

  • Do I need bookkeeping for my business?

    Bookkeeping is an essential part of financial management for any business. Bookkeeping helps you keep track of financial transactions and helps you make informed decisions. It can also help you create financial statements to show your financial health and cash flow. With accurate bookkeeping records, you will be able to report financial information accurately and easily.

  • How do I know if I have healthy cash flow?

    A healthy cash flow is important for financial stability and sustainability. You can get an understanding of your financial health by looking at financial statements such as balance sheets, income statements, and cash flow statements. These financial statements will help you understand where your money is going, how much you are making, and whether you have enough funds to cover expenses. It is also important to keep track of financial transactions in order to properly understand the financial health of your business. 

  • What are financial statements?

    Financial statements are documents that provide financial information about a business or organization. They include balance sheets, income statements, and cash flow statements. Balance sheets show assets, liabilities, and owner’s equity; income statements show revenues and expenses; and cash flow statements show the net increase or decrease in cash. All financial statements provide valuable insight into financial health, so it is important to understand how to read and interpret them. 

  • Do I need help from a professional accountant?

    If you are not familiar with financial statements or bookkeeping, it is recommended to consult a professional accountant. A CPA can help you understand financial statements, manage bookkeeping, and ensure financial accuracy. Wayne W. Stanforth, CPA has over 35 years of experience providing financial services and can help you make financial decisions that will benefit your business or personal finances.

  • What credentials should my accountant have?

    When selecting someone to handle your business’s finances, it is important to look for credentials that demonstrate knowledge and expertise. This should include a Certified Public Accountant (CPA) designation and a valid license. These credentials provide assurance that the bookkeeper or accountant is knowledgeable in financial management and is capable of helping you make informed financial decisions.