Using my service is like having a Corporate Financial Officer on staff,

ONLY more cost effective! 

Betty-3.JPG
Betty at work!!

Hi, I'm one heck of an accountant with over 20 years of experience providing full service accounting personal attention to various types of businesses from the Construction Industry, Landscaping, Child Care, Assisted Living, Medical / Dental to Finance and other Services (Legal, Collections, Management, etc.).
 
To keep your business running smoothly in today's environment, you need an experienced accountant helping you
through these tough financial times.  Knowing the state of your accounting records is important to any business. 
Don't leave it to chance.  Get involved.  Email me with your questions and comments.

Send your emails to ....    accountant@fear-betty.com

As a service to my clients, please feel free to 
print out this service matrix below for your records. I look forward to working with you.

FINANCIAL MANAGEMENT SOLUTIONS, LLC 
Betty J. Fear, Accountant
Cell: 602-793-0140        Office Line: 623-584-9070
accountant@fear-betty.com

Bookkeeping Services

  • Providing accounting support functions by recording journal entries, post and maintain the general ledger; prepare a trial balance; post payroll; prepare bank reconciliations by following GAAP standards.
  • We reconcile your personal medical insurance EOB's and we will audit your personal investment statements. 
  • IT'S YOUR MONEY - LET US MAKE SURE IT STAYS THAT WAY!  LET'S STOP FRAUD.

Financial Accounting & Reporting

  • I provide Income Statements to arrive at your company's Net Income
  • Are you operating at a Profit or Loss?
  • The real numbers will tell.
  • I provide your Balance Sheets and your Profit and Loss Statments at the end of each Accounting period.
  • You absolutly need to know the Cash Flow from your company's cash receipts and cash disbursements for a period of time.
  • How else can you pay those invoices?

Investment Research

  • Investigate that phone call or salespitch.
  • Don't buy before you know who you are giving your money to. That includes me!
  • Ask for references and I'll follow-up for you so you know if you are investing or giving your money away.

Pension Plan Posting & Reporting

  • Defined Contribution Plans.  This is a contractual plan which the employer provides benefits to employees, such as disability & death benefits. 
  • Pension expense is tax-deductible to the employer. Employees may or may-not make payments to the plan.
  • Defined Benefit Plans.  This is a contractual plan which employees may be contributory or non-contributory. 
  • All plan provisions very from company to company.

Controller On Call Serviceson

  • I am your  Controller on call and can act as your  Chief Accounting Executive of your organization.
  • Some functions include; development of accounting computer installation and use, marketing, and financial planning for control and  tax administration.
  • Call me if you need help with any of this.
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Monday, September 22, 2008

What is the rule of 72?
The rule of 72 is a simple formula that tells you the approximate amount of time or interest rate needed for an amount to double.  The formula is years X Rate per year = 72.
7:30 am mst

Monday, September 15, 2008

What is the entry when a company lends money to an employee?
When a company lends cash to one of its employees, the entry will include a credit to cash and a debit to an asset account such as Notes Receivable from Employees (if a promissory note is involved) or (other Receivable) Advances to Employees (no note involved.)
10:42 am mst

Friday, September 12, 2008

How do drawings effect the Financial Statement?
Drawings or withdrawals by a sole proprietor will effect the company's balance sheet through the reduction of the asset withdrawn (usually cash) and the reduction in owner's equity.
A draw of cash will also be reported in financing activities section of the statement of cash flows.
The income statement is not affected by the owner's draw.
11:14 am mst

Tuesday, September 9, 2008

What is reported as Property, plant and equipment?
Property, Plant and Equipment is the long term or noncurrent asset section of the balance sheet.  Included in this classification are land, buildings, machinery, office equipment, vehicles, furniture and fixtures used in a business.  Also include in property plant and equipment is the accumulated depreciaton for these assets (except Land, which is not depreciated.)
6:23 pm mst

Sunday, September 7, 2008

What is the Chart of Accounts?
The chart of accounts is a listing of the general ledger accounts to which amounts can be posted.  The chart of accounts is a helpful tool for identifying the best account for recording a transaction.

Usually, the chart of accounts begin with the balance sheet accounts followed by the income statement accounts.  The accounts will usually be in the same order as they ar presented on the two financial statements.
4:46 pm mst

Should an accountant sign Client business checks
No, and the reason is that by signing a check you will become liable for this transaction and others.
4:00 pm mst


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