Accounting is the process of keeping financial records. It involves the detail of placing data correctly within the accounting software to create accurate, well-organized Financial Statements (Profit & Loss and Balance Sheets). It is a means of communicating financial information. It reveals profit or loss for a given period, and the value and nature of a company’s assets, liabilities and owners equity.
Diversified Management Services, Inc. (DMS) can help you facilitate the process of creating monthly financial statements or be in charge of creating them for you. These reports are very important, as they reveal how much revenue your business is generating in addition to your expenditures within certain expense categories. This will allow you to monitor your expenses and alert you when you will need to generate more revenue to either cover those expenses or cut back on those expenses. The financial reports will also track your financial progress and reveal how much profit your business generates from month to month and year to year.
DMS will ensure that your financial records are accurate. We understand that it is difficult to make confident decisions without reliable accounting information. Financial Statements will be provided monthly including previous year comparisons so you can see how well your company is performing in real-time. This process will allow you to take action quickly to make the changes necessary to get your business back on track, if needed, or to see how much your business has improved compared to previous years.
Contact us today to see what we can do for you.