San Diego Accounting Services
Are you looking for local San Diego accounting services? All businesses need objective information to make sound operational decisions. This objective information depends on accurate financial records. Unfortunately, most small businesses lack the resources to ensure accurate, well-organized financial data that can be properly analyzed.
Lescault and Walderman’s team of qualified local accounting professionals can help you overcome this challenge by making those resources available at affordable hourly rates.
We offer an a la carte style approach to accounting services that allows clients to:
- implement ideal accounting software systems
- develop realistic and manageable budgets
- establish accurate sales forecasts
- identify and protect cashflow expectations
Each of our industry-specialist accountants have years of experience. This enables them t0 provide focused and specialized financial guidance based on your unique situation.
Financial accounting helps connect companies owners and key management with investors, creditors, etc. Through financial accounting, we are able to provide valuable information so all invested parties can evaluate and share an accurate picture of the company’s financial health.
LWI’s financial accounting services center on managing and utilizing financial transactions to prepare outward-facing financial statements for public use. We follow strict GAAP financial accounting and reporting standards to create the following financial documents:
- Balance sheets
- Income statements
- Cashflow statements
- Profit and loss statements
- Statements of retained earnings
Management accounting classifies, analyzes and disseminates financial information so internal management can track the ongoing operational performance of their company.
Our management accounting services focus on the future. We utilize current and past financial data to prepare forecast reports that help management make better day-to-day business decisions.
We offer several management accounting reports to help with strategy, performance and risk evaluation and planning. Typical documents include:
- Operating budgets
- Sales forecasts
- Break-even/profitability analysis
- Cash flow analysis
- Cost allocation
- Cost–benefit analysis
- Price models
- Life cycle cost analysis
Budgets are a crucial part of solid financial management. We use industry benchmarks and legacy data exposure to create a solid operating plan for our clients.
Years of experience help us to identify and set realistic base amounts and implement trustworthy models. Each of these models are custom-fit for business size and industry. We then work closely with key stakeholders to measure and adjust throughout the yearly cycle.
For small-to-medium businesses, forecasting is especially challenging, especially in emerging ‘niche’ markets. Predicting growth, foreseeing risks and estimating earnings help businesses adjust and course correct before potential shortfalls happen. We use forecasting tools to create user-friendly reports that are easy to understand and apply.
Cash Flow Management
They say “cash flow is the lifeblood of any company”. While cliche, this statement holds true today more than ever before. Success or failure are often determined by it (much more than your company’s value on paper).
LWI excels in practical forecasting and budget management. Our primary goal is to help you convert sales into cash as quickly as possible. We also work to reduce and extend your payments and identify potential issues and warning levels. All of these efforts combine to ensure proper access to daily cash flow.
Accounting Information Systems
There are a significant number of accounting system solutions available today. This makes selecting an accounting system somewhat overwhelming and confusing for small-to-medium businesses.
We’ve identified and partnered with a few select accounting system providers we feel are ideally suited to meet the wide needs of our clients. We evaluate these vendors based on the unique industry, size and goals of each client to ensure the ideal solution. Our relationships and experience are the building blocks of a reliable accounting system that meets both short-term needs and long-term objectives.
Ready to Get Started?
Lescault and Walderman is well-versed in the business rules and regulations of the state of California. We offer retainer-free, hourly business consulting services designed to meet your individual needs.