Personal
Smetana & Bardes CPAs will provide you with the essential and personalized reports you need to become more aware of your economical situation and enable you to gain better control over your personal finances. The “Personal Bookkeeper” package can be set-up for weekly, bi-weekly, or monthly updates depending on the size and needs of your business.
We offer weekly, bi-weekly, or monthly reports to help you better understand your cash flow, see how much you’re spending, and where you are spending it. Our reports are easy to understand and we are always available to answer your questions and discuss any additional services you may need. We will also prepare your bank reconciliations and help you keep track of your payment due dates.
Smetana & Bardes CPAs Personal Services are designed to provide you with worry free bill management, budgeting, and forecasting, while offering seamless convenience. With the added responsibilities we face each day, keeping track of our finances is becoming harder than ever. Our typical personnel services clients are college students, busy professionals, and seniors. The strictest code of confidentiality is maintained and a Code of Ethics developed by the American Association of Daily Money Managers is followed. Full professional liability insurance is provided by Lloyds of London.
Some of the tools we offer are:
Cash flow Forecasting: Analysis over a period of time that will reveal your availability or lack of cash. This is the difference between cash in (income) and cash out (expenses). This will enable you to maximize your interest since we can assist you with the timing of your payments. There is no need to pay something early when your money can be sitting in an interest bearing account, every penny counts.
Bank reconciliations: This is the process of comparing the cash balance reported by the bank with the cash balance on your records and explaining the differences (bank charges, checks in transit, etc…). After taking into account these differences the two statements should show an identical balance. Think of it as balancing your checkbook.
Profit and loss statement: A financial document that shows how much money (revenues) came in and how much money (expenses) were paid out. Subtracting the expenses from the revenue gives the net profit.
Decision making: Sometimes we have difficult choices to make that will impact our financial situation in a very significant way. Decisions relating to refinancing or purchasing a house, even something like buying or leasing a car can be complicated if you do not fully understand your financial state. It is our objective to assist you with those decisions by showing you all the different scenarios tailored to your particular circumstances. Using the tools above (cash flows, profit and loss statements, etc.) we will present to you your current and expected economical situation and guide you throughout the whole process so your final decision is based on accurate financial information.