Small Business Accounting

Need the Tools for Business Success? We Can Help.

Whether you need help balancing books or simply need professional guidance to financial success – we can help. With over nearly four decades of serving business owners with CFO-level accounting services, Cavanaugh & Co has the experience to assist your business, providing you with much-needed knowledge, expertise and assistance with long-term strategic planning.

Our Business Solutions department can produce interim, monthly or quarterly financial statements in a variety of formats that make finances approachable. We will tailor our plan to meet your company’s specific needs, offering any level of CFO-level accounting services to simplify your day-to-day operations.

We can help you by managing your:

Deposits/Bank Accounts

• Post Deposits
• Monitor bank balances routinely to assure liquidity is maintained
• Insure all funds are held in banks with correct FDIC limits
• Reconcile all bank accounts monthly

Vendor Payments

• Record vendor payments according to your policies and guidelines
• Review coding of invoices to ensure all are properly expensed to correct location and GL code
• Prepare checks for signature and mail
• Record other bank debits from weekly or monthly bank statements

Cash Receipts

• Collect and/or post according to clients’ general ledger (GL) codes
• Prepare monthly invoices
• Provide up-to-date receivable reports

Monthly/Quarterly Financials

• Prepare requested financial reports on monthly/quarterly basis
• Prepare monthly or quarterly journal entries

Payroll

• Record payroll expenses as prepared by existing payroll entity
• Prepare and distribute year-end 1099’s.
• Prepare and submit 941 forms and RT6 forms quarterly
• Prepare year-end W3/2’s and 940 forms
• Provide human resource support and referrals at your request

Other Services

• Make recommendations and suggestions for improved financial accounting
• Respond professionally and timely to any financial queries
• Provide setup and training on QuickBooks or Peachtree
• Offer assistance with other industry-specific programs