Professional Accounting
Bookkeeping
Services
Your Professional Accounting and Bookkeeping Services. We're your trusted financial partners, from professional accounting services to business accounting solutions.
Get Your Business Finances
Under Control.
We help our clients focus on what matters the most – business – and handle taxation, finances, and accounting. After just one session, you’ll feel more in control of your budget, your strategy, your goals, and your business.
Our Accounting Services and Bookkeeping Services
Our comprehensive accounting and bookkeeping services at TotTax are designed to streamline your financial processes and provide you with the knowledge and insights needed for long-term financial success. As a local accounting firm, we understand the importance of accuracy and professionalism in our work.
We offer a wide range of services, including professional accounting services to ensure your financial records are accurate and in compliance with industry standards. Our accounting consultancy services are here to guide you through complex financial issues and provide expert advice on financial management.
Set-up Company Books (QBO)
As one of the leading providers of bookkeeping services in Denver, our experts go above and beyond to assist you. We don't just help you set up and configure your QuickBooks Online (QBO) account.
We provide comprehensive guidance to ensure a solid foundation for your financial records. We'll tailor your QBO setup to meet your specific business needs.
Reconciliation of Business Bank and Credit Card Accounts
Reconciliation is a critical step in maintaining financial accuracy. Our experts will reconcile your business bank and credit card accounts. This process involves identifying and rectifying any discrepancies, making sure your financial data is clean and reliable.
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Maintain Proper Documentation: Keep organized records of statements, receipts, and invoices.
Reconcile Regularly: Perform monthly reconciliation to promptly identify and resolve discrepancies.
Verify Transaction Details: Review statement transactions for accuracy.
Match Transactions with Receipts: Ensure each transaction has a corresponding receipt or invoice.
Conduct Periodic Audits: Internal audits identify areas for improvement.
Implement Segregation of Duties: Separate responsibilities to prevent fraud.
Reconcile Against Vendor Statements: Compare statements with vendor invoices.
Monthly Financial Reports Package (P&L, BS, Cash Flow)
Each month, you'll receive a comprehensive financial reports package that includes Profit and Loss (P&L), Balance Sheet (BS), and Cash Flow statements. These reports are not just data; they are your tools for informed decision-making. We help you understand the story your financials are telling.
Our monthly bookkeeping services help you stay updated with your financial records, providing you with accurate and timely data for decision-making. Individuals can also benefit from our personal bookkeeping services for their financial needs.
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Cash Management: A thorough examination of your organization's liquidity and current cash flow status.
Profit and Loss: A crucial insight into your company's income statement, shedding light on profits across key business areas.
The bigger picture: A business financial report format provides a comprehensive snapshot of the company's fundamental financial activities over a monthly period. It supplies data aimed at shaping sustainable strategies and enhancements to drive growth and heightened profitability.
Monthly Categorization of Business Transactions
Our dedicated team at our trusted accounting firm sort and organizes your monthly business transactions with precision. This detailed process ensures your financial records are accurate and offer valuable insights, including key aspects like assets, debts, equity, income, and costs.
We know that having well-organized financial data is crucial for making smart decisions. Our commitment to this process enables you to make strategic choices for your business's future.
Review of Financial Reports
Our professionals take a deep dive into your financial reports. We go beyond the numbers, providing a comprehensive review that ensures your financial data is both accurate and meaningful.
This added layer of analysis helps you gain deeper insights into your business's financial health. When it comes to CPA firm, we're your trusted partner for excellence.
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Completeness ensures that all transactions, such as vouchers for received goods or services, are duly entered into the general ledger.
Accuracy guarantees that transactions are recorded with precision, at the correct amount, and in the appropriate chartstring, all within the expected timeframe (usually in the period of the transaction).
Validity means that the recorded transactions accurately depict real economic events executed in accordance with established policies and procedures.
Close Books at End of Year and Prepare for Taxes
As the year draws to a close, we don't just close the books; we prepare them for a seamless tax season. Our meticulous year-end process ensures that your financial records are in order, accurate, and ready for tax compliance.
For businesses, our complete corporate accounting services encompass tasks such as financial statement preparation, financial planning, and analysis. We provide business accounting solutions that aim to optimize your financial processes and improve your bottom line.
As one of the top local audit firms, we can assist you with audits and ensure financial compliance. Our bookkeeping services are tailored to help you maintain organized financial records, with a focus on accuracy and reliability. We offer professional bookkeeping services to ensure your financial data is in top shape.
We offer monthly accounting services to individuals and businesses who require ongoing financial support, ensuring your financial records are well-maintained and accurate. We are your trusted partner for excellence, and our commitment to accuracy and completeness ensures your financial well-being.
Innovative Ideas and Exceptional Accomplishments
At TotTax Tax, we have a team of experts ready to provide you with excellent service. We're here to answer all your questions, and the best part is, you don't even have to visit our office. We can work with you over the phone or through email to fit your busy schedule.
If you need help with your personal income taxes or all accounting & taxation services for your small business, please get in touch with us today. TotTax is here to assist you.
Why Choose Us
TotTax Tax & Accounting Agency offers expert accounting, bookkeeping, payroll, tax planning, and tax preparation services for individuals and small businesses throughout United State. We have a straightforward and client-centered approach to address your financial needs. You'll receive the individualized attention you should expect from a professional firm.
Expertise and Trust: Benefit from our experienced and certified accountants who provide trustworthy financial guidance, ensuring accuracy and compliance.
Tailored Solutions: We create customized financial strategies that align with your unique goals, offering personalized solutions that fit your needs.
Proactive Partnership: Beyond historical reporting, we proactively identify opportunities and challenges, serving as your strategic financial partners.
Cutting-Edge Technology: We leverage the latest accounting software for efficiency, providing real-time insights to help you make informed decisions.
Comprehensive Services: From taxes to audits, we offer a full spectrum of services under one roof, ensuring your financial success.
Get in touch with us today to explore how TotTax can assist with individual income tax preparation and various small business services.
Get your business off to a great start by letting us handle your finances
We'll make sure this year is a successful one for you.
Most Commonly Asked Questions
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Bookkeeping involves the recording of financial transactions, while accounting encompasses a broader analysis of financial data to generate reports and make financial projections.
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These include the income statement, balance sheet, and cash flow statement, which provide insights into a company's financial performance and position.
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Regular updates, ideally on a daily or weekly basis, are recommended to ensure accurate and up-to-date financial records.
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Organized and accurate bookkeeping makes tax preparation easier by providing a clear overview of income, expenses, and deductions.
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Benefits include improved decision-making, easier tax preparation, better financial management, and enhanced transparency for stakeholders.