NYC based accounting firm serving individuals and small businesses in New York
Expert SMALL BUSINESS BOOKKEEPING Services IN NEW YORK CITY
Our CPA Firm provides professional bookkeeping services in New York
Running a business in New York is a unique challenge. The energy is electric, the opportunities are vast, but the competition is fierce and the operational complexities are immense. As a small business owner, your time is your most valuable asset. Every hour you spend wrestling with spreadsheets, reconciling accounts, or worrying about tax compliance is an hour you’re not spending on growth, innovation, and serving your clients.
This is where we come in.
At Gary Mehta, CPA, EA, we are more than just an accounting firm; we are your strategic partners in financial clarity and business success. Our dedicated team of accountants and bookkeepers provides professional bookkeeping services in New York, designed specifically to help you save time, reduce costs, and eliminate the headaches of financial management. We handle the numbers so you can focus on what you do best: running your business. Our services are tailored to support entrepreneurs and founders in managing their company’s finances, so they can concentrate on growing their business.
We understand the efforts and frustration that business owners often face when managing their own books.
Our solutions are built to reduce these burdens, allowing you to reallocate your efforts to the areas that matter most.
This comprehensive guide will walk you through the who, what, why, when, and how of professional bookkeeping services, the critical process of financial statement preparation, and how our expertise can become your greatest competitive advantage in the bustling NYC market.
We provide professional bookkeeping services on QuickBooks including financial statement preparation
Accurate Bookkeeping services for your NYC Small BusINESs
Why Accurate Bookkeeping is Non-Negotiable for NYC Small Businesses
In a city that never sleeps, your business finances can’t afford to fall behind. Many small business owners believe they can handle their own books, and while that may be true initially, it quickly becomes a liability as the business grows. The unique challenges of operating in New York City amplify the need for professional financial oversight. Professional bookkeeping services eliminate guessing and provide clarity, ensuring your financial records are accurate and reliable. These services are highly recommended by customers for their reliability and effectiveness
Navigating the Complex New York Business Environment
From local city taxes to state regulations, the compliance landscape in New York is intricate. A simple mistake in payroll processing or sales tax remittance can lead to significant penalties. Our team of professionals is well-versed in these nuances, ensuring your business stays on the right side of the law. This expertise is a cornerstone of our accounting work.
Making Informed, Data-Driven Decisions
How can you set a budget for a new marketing campaign if you don't have a clear picture of your cash flow? How can you decide whether to hire a new employee without accurate profit and loss statements? Clean, up-to-date books provide the data you need to move beyond guesswork. Our bookkeeping processes are designed to deliver these real-time insights, allowing you to steer your business with confidence.
Securing Funding for Growth
Whether you're seeking a small business loan from a bank, pitching to investors, or applying for a line of credit, one thing is certain: they will demand to see your financial statements. Disorganized, inaccurate, or incomplete records are the fastest way to get a "no." We prepare pristine financial statements that present your business in the most professional and credible light. This preparation is a critical step towards securing capital for your next phase of growth.
Maximizing Tax Deductions and Savings
Every transaction needs to be categorized correctly to ensure you're taking full advantage of all eligible tax deductions. As both a CPA and an Enrolled Agent (EA), Gary Mehta possesses the highest credentials recognized by the Internal Revenue Service (IRS). This dual expertise means our tax services are integrated directly into our bookkeeping. We don't just record history; we help you shape a more profitable future by identifying tax-saving opportunities throughout the year.
Accurate Bookkeeping Services for Your NYC Small Business
ABOUT OUR NY BOOKKEEPING SERVICES
Financial Statement Preparation
Financial Statement Preparation
Financial Statement Preparation
Looking for financial statement preparation services that can help you make better business decisions? Do you need to get a loan from a bank?
Have us prepare your balance sheet and profit and loss statements.
Bank Reconciliation Services
Financial Statement Preparation
Financial Statement Preparation
If you are looking for a way to improve the accuracy, efficiency, and compliance of your business's bank reconciliation process, then bank reconciliation services may be a good option for you.
Payroll Services
Financial Statement Preparation
QuickBooks Setup Services
We offer comprehensive payroll services, including payroll processing, tax filing, and compliance management. Let us handle the details so you can focus on growing your business.
QuickBooks Setup Services
QuickBooks Setup Services
QuickBooks Setup Services
Our team of financial analysts can help you gain insight into your business's financial performance. We provide customized financial analysis and reporting to help you make informed decisions and achieve your business goals.
Business Consulting
QuickBooks Setup Services
Business Consulting
We offer a variety of business consulting services to help small businesses succeed. From strategic planning to performance improvement, our team can help you achieve your business goals.
Audit and Assurance
QuickBooks Setup Services
Business Consulting
Our team of audit professionals can provide reliable and accurate assurance services for small businesses. We will help ensure your financial statements are accurate and compliant with accounting standards.
ABOUT OUR Quickbooks Consulting services in NYC
More on how our NYC QuickBooks Advisors can help you
What Are Professional Bookkeeping Services? A Deep Dive
At its core, professional bookkeeping is the meticulous, day-to-day process of recording, categorizing, and reconciling every financial transaction your business makes. But with Gary Mehta, CPA, EA, our services go far beyond simple data entry. We provide a comprehensive financial management ecosystem for your business. You’ll have access to a team of experts who ensure all your bookkeeping needs are covered, giving you reliable support and peace of mind.
The Foundation: Meticulous Transaction Recording
This is the bedrock of all accounting work. Our team will handle:
- Recording all sales, revenues, and deposits.
- Entering all vendor bills, expenses, and payments.
- Categorizing every transaction according to a customized chart of accounts.
- Managing accounts payable (what you owe) and accounts receivable (what you're owed).
Essential Health Check: Bank and Credit Card Reconciliations
Do your QuickBooks balances ever seem off from your actual bank statements? Account reconciliations are the solution. Each month, we meticulously compare your books against your bank and credit card statements to catch any discrepancies, identify fraudulent charges, and ensure every single dollar is accounted for. These bank reconciliations are a vital control for maintaining the integrity of your business finances.
The Big Picture: Financial Statement Preparation
This is where raw data is transformed into actionable intelligence. Our financial statement preparation services are a core part of our offering. We don't just hand you a report; we help you understand what it means.
- The Balance Sheet: A snapshot of your company's financial health at a specific moment in time, showing your assets, liabilities, and equity. It answers the question, "What is my business worth?"
- The Profit and Loss (P&L) Statement: Also known as the Income Statement, this report summarizes your revenues, costs, and expenses over a period (like a month or a quarter). It answers the question, "Is my business profitable?"
- The Statement of Cash Flows: This crucial report tracks the movement of cash in and out of your business, categorized into operating, investing, and financing activities. It answers the question, "Where is my cash going?"
For small business owners, understanding these documents is paramount. They are not just for your tax preparer; they are for you, the co-founder and visionary, to guide your company's future.
Payroll Services That Go Beyond Paychecks
Payroll is one of the most complex and high-stakes functions for any small business. Our payroll services, often managed through robust platforms like ADP, handle everything from back payroll tax processing to current filings. We manage withholdings, tax payments, and compliance, protecting you from significant liability and freeing you from an administrative nightmare.
Business Consulting and Virtual CFO Services
For businesses ready to take the next step, our business consulting services provide CFO-level insights without the full-time salary. We help you with:
- Budgeting and forecasting.
- Cash flow management and analysis.
- Key Performance Indicator (KPI) tracking.
- Strategic planning for sustainable growth.
Our services support CEOs and business leaders as they plan for sustainable growth and financial stability, ensuring that every decision aligns with your long-term goals.
This high-level support helps you see around corners and make proactive decisions that drive success.
Our professional bookkeeper and tax Accountant will help you get your financials in order!
Our Proven Process: How We Bring Clarity to Your Finances
We believe in a transparent, collaborative process that keeps you informed and in control.
Step 1: Initial Discovery and Consultation
It all starts with a conversation. We’ll discuss your business, your goals, your current bookkeeping processes, and your biggest pain points. This allows us to understand your unique challenges and design a custom service package that fits your needs and budget. Schedule Your Consultation Today.
Step 2: QuickBooks Setup or Optimization
Whether you're new to QuickBooks or have a file that needs a deep clean, our QuickBooks ProAdvisors will get you started on the right foot. We’ll set up a professional chart of accounts tailored to your industry, connect your bank and credit card feeds, and ensure the system is optimized for efficient financial reporting. Our QuickBooks Setup Services are designed to build a solid foundation.
Step 3: Ongoing Bookkeeping and Reconciliation
This is where our team takes over the heavy lifting. On a weekly or monthly basis, we will handle all transaction categorization and perform the crucial bank reconciliations. You simply provide us with the necessary documents through a secure online portal, and we handle the rest. You can finally stop worrying about whether your books are up to date.
Step 4: Monthly Financial Reporting and Review
At the end of each month, we will close your books and deliver a package of clear, accurate financial statements. But we don't just email you a PDF. We are available to review these reports with you, explain what the numbers mean, and answer any questions you have. This regular check-in ensures you always have a firm grasp on your business performance.
Step 5: Year-Round Tax Strategy and Support
Because our bookkeeping and tax services are fully integrated, we are always looking at your finances through a tax-efficiency lens. We provide proactive advice throughout the year to help you minimize your tax burden. When tax season arrives, your books are already clean, organized, and ready for a seamless tax preparation process with a qualified tax accountant.
About Our Bookkeeping Services Process
Expert QuickBooks Consulting Services in NYC
NYC Accountants specialize in Accounting & Bookkeeping services across boroughs.
QuickBooks is the leading accounting software for small businesses for a reason. It’s powerful, versatile, and scalable. However, its power is only unlocked with proper setup and management. Many customers experience frustration when trying to navigate QuickBooks on their own, but our consulting services are designed to alleviate that frustration and ensure you have every aspect covered. As certified QuickBooks ProAdvisors, our NYC team offers expert consulting to help you harness the full potential of this tool.
Why Choose Our QuickBooks Professionals?
- Custom Chart of Accounts: We don't use the generic, out-of-the-box setup. We design a chart of accounts that reflects how your business operates, providing much deeper insight into your revenue streams and cost centers.
- Cleanup and Rescue Services: Is your QuickBooks file a mess? We specialize in untangling years of incorrect entries, duplicate transactions, and reconciliation errors to give you a clean slate.
- Integration and Automation: We can help you integrate QuickBooks with other apps you use (like POS systems, payment processors, or inventory management software) to streamline your operations and reduce manual data entry.
- Training and Support: We empower you and your team to use QuickBooks effectively. We can provide training on everything from invoicing clients to running specific reports, ensuring you get the most out of your investment.
Proper QuickBooks management is a critical part of modern bookkeeping. Our expertise ensures your accounting system is an asset, not a burden.
Professional Bookkeeping services across New York City including Manhattan, Brooklyn, Bronx, Queens.
Serving the Heart of New York City and Beyond
Our NY Accounting Firm provides Small Business Bookkeeping Services Beyond NYC.
No matter where your business is located, our combination of local expertise and modern technology allows us to provide top-tier bookkeeping services. We are proud to support small businesses across all five boroughs and the greater NYC metro area.
Accountants for Manhattan's Diverse Industries
From the tech startups in the Flatiron District and the bustling restaurants in the East Village to the professional services firms in Midtown Manhattan and the art galleries in Chelsea, we understand the fast-paced Manhattan market. Our team provides the agile financial support that companies in Alphabet City, Tribeca, and Hudson Yards need to thrive.
Supporting Brooklyn's Entrepreneurial Spirit
Brooklyn is a hub of creativity and entrepreneurship. We work with small businesses across the borough, from the trendy boutiques in Williamsburg and the artisanal makers in Greenpoint to the thriving professional community in Downtown Brooklyn and the vibrant local shops in Park Slope and Bed-Stuy.
Bookkeeping Expertise for Queens Businesses
As one of the most diverse places on earth, Queens is home to a vast array of businesses. We provide crucial accounting and bookkeeping support to companies in Long Island City (LIC), Astoria, Flushing, and Sunnyside, helping them navigate their unique operational challenges and seize opportunities for growth.
Comprehensive Services for the Bronx and Staten Island
Our services extend to the dedicated business owners in the Bronx, including areas like Morris Park, and across Staten Island, from New Dorp North to Tottenville. We are committed to providing all NYC businesses with access to high-quality financial expertise.
Extending Our Reach to the NYC Metro Area
Our support doesn't stop at the city limits. We also serve clients in key metro areas like Yonkers, Upstate New York, and Connecticut, providing the same level of dedicated service and financial acumen.
SERVING THE HEART OF NEW YORK CITY AND BEYOND