New Start offers the lowest fees for professional services on Maui including our special deal packages. Because each job and client is unique, please contact us for a quote and a free consultation 808-244-5600. Since we are on top of our calls and appointments you will be served immediatly with no delay.
*Internet/Seo Marketing *Accounting, Bookkeeping, Payroll
New Start Of Maui
Phone: (808) 244-5600
Fax: (888) 909-5188
Our Services:
New Start provides a wide range of services to individuals and businesses in a variety of industries. Below is a sample of the services we provide and if there is something that you need that is not on this list please call and let us know 808-244-5600:
Business Services:
Accounts Payable -- Accounts payable is a file or account sub-ledger that records amounts that a person or company owes to suppliers, but has not paid yet (a form of debt), sometimes referred as trade payables. When an invoice is received, it is added to the file, and then removed when it is paid. Thus, the A/P is a form of credit that suppliers offer to their customers by allowing them to pay for a product or service after it has already been received.
Accounts Receivable -- Accounts receivable also known as Debtors, is money owed to a business by its clients (customers) and shown on its Balance Sheet as an asset.[1] It is one of a series of accounting transactions dealing with the billing of a customer for goods and services that the customer has ordered. invoicing your customers, receiving payment, and collections.
Bad Bookkeeping Corrections -- Correcting the problems in your bookkeeping and updating your books accurately.
Bookkeeper Oversight -- We double-check your bookkeeper for accuracy and competency.
Bookkeeping Services -- Managing all of your daily bookkeeping and payroll for your business.
Budgeting & Forecasting -- Forcasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. A commonplace example might be estimation for some variable of interest at some specified future date. A budget is a list of all planned expenses and revenues. It is a plan for saving and spending.[1] A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. In other terms, a budget is an organizational plan stated in monetary termshelping your business plan for the future.
Business Developement and Management Consulting - Providing the business owner with high level or basic training and consulting to fix or avoid future problems (must call for more information).
Collections -- We handle the collections of past due accounts.
Compilations -- Bringing together multiple Complex businesses financial and accounting information.
Consulting -- Full service financial & software consulting for your business.
Education & Training -- One-on-one training or staff training on QuickBooks, or other accounting activities.
Employee Benefits -- Supporting your benefit programs, retirement, profit sharing, etc.
Financial Statements -- A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity.
For a business enterprise, all the relevant financial information, presented in a structured manner and in a form easy to understand, are called the financial statements. They typically include four basic financial statements, accompanied by a management discussion and analysis:[1]
1.Statement of Financial Position: also referred to as a balance sheet, reports on a company's assets, liabilities, and ownership equity at a given point in time.
2.Statement of Comprehensive Income: also referred to as Profit and Loss statement (or a "P&L"), reports on a company's income, expenses, and profits over a period of time. Profit & Loss account provide information on the operation of the enterprise. These include sale and the various expenses incurred during the processing state.
3.Statement of Changes in Equity: explains the changes of the company's equity throughout the reporting period.
4.Statement of cash flows: reports on a company's cash flow activities, particularly its operating, investing and financing activities.
For large corporations, these statements are often complex and may include an extensive set of notes to the financial statements and management discussion and analysis. The notes typically describe each item on the balance sheet, income statement and cash flow statement in further detail. Notes to financial statements are considered an integral part of the financial statements.
Full Service Review of Business -- We work with both local owners, partnerships and out of the area business owners to help them over see all aspects of thier business through a third party review.
General Ledger -- The general ledger, sometimes known as the nominal ledger, is the main accounting record of a business which uses double-entry bookkeeping. It will usually include accounts for such items as current assets, fixed assets, liabilities, revenue and expense items, gains and losses. Each General Ledger is divided into debits and credits sections. The left hand side lists debit transactions and the right hand side lists credit transactions. This gives a 'T' shape to each individual general ledger account.
A "T" account showing debits on the left and credits on the right.
Debits
Credits
The general ledger is a collection of the group of accounts that supports the value items shown in the major financial statements. It is built up by posting transactions recorded in the sales daybook, purchases daybook, cash book and general journals daybook. The general ledger can be supported by one or more subsidiary ledgers that provide details for accounts in the general ledger. For instance, an accounts receivable subsidiary ledger would contain a separate account for each credit customer, tracking that customer's balance separately. This subsidiary ledger would then be totalled and compared with its controlling account (in this case, Accounts Receivable) to ensure accuracy as part of the process of preparing a trial balance.[1]
There are five basic categories in which all accounts are grouped:
1.Assets
2.Liability
3.Owner's equity
4.Revenue
5.Expense
The balance sheet and the income statement are both derived from the general ledger. Each account in the general ledger consists of one or more pages. The general ledger is where posting to the accounts occurs. Posting is the process of recording amounts as credits, (right side), and amounts as debits, (left side), in the pages of the general ledger. Additional columns to the right hold a running activity total (similar to a checkbook).
The listing of the account names is called the chart of accounts. The extraction of account balances is called a trial balance. The purpose of the trial balance is, at a preliminary stage of the financial statement preparation process, to ensure the equality of the total debits and credits.
The general ledger should include the date, description and balance or total amount for each account. It is usually divided into at least seven main categories. These categories generally include assets, liabilities, owner's equity, revenue, expenses, gains and losses. The main categories of the general ledger may be further subdivided into subledgers to include additional details of such accounts as cash, accounts receivable, accounts payable, etc.
Because each bookkeeping entry debits one account and credits another account in an equal amount, the double-entry bookkeeping system helps ensure that the general ledger is always in balance, thus maintaining the accounting equation:
Assets = Liabilities + (Shareholders or Owners equity)[2]
The accounting equation is the mathematical structure of the balance sheet. Although a general ledger appears to be fairly simple, in large or complex organizations or organizations with various subsidiaries, the general ledger can grow to be quite large and take several hours or days to audit or balance.
Inventory -- Helping your business maintain profitability through good inventory controls.
IRS Representation -- Helping you resolve IRS issues no matter how challenging they may seem.
Job Costing -- In a job costing system, costs may be accumulated either by job or by batch. For a typical job, direct material, labor, subcontract costs, equipment, and other direct costs are tracked at their actual values. These are accrued until the job or batch is completed. Overhead or "burden" may be applied either by using a rate based on direct labor hours or by using some other Activity Based Costing (ABC) cost driver. In either case, once overhead/burden is added, the total cost for the job can be determined. If the accountant is using a general ledger accounting system, which lacks true job costing functionality, the costs must be manually transferred out of Work in Process to Finished Goods (Cost of Goods Sold for service industries). Of course, in the days of computerized job costing software, journaling costs manually is an obsolete process. Such hand-journaling is mandatory for companies that continue to use general accounting software to do job costing. Enlightened accountants are moving forward and using job costing software, thereby improving cost control, reducing risk, and increasing the chance of profitability.
Online Marketing - We have an In-house Internet Marketing Specialist that is dedicated to helping our clients with their business online marketing. She provides Companies with targeted online marketing for their business. She has years of advanced training and experience with getting immediate results, establishing you as an expert in the market place and amazing consumer perceptions of your business.
She takes marketing your business very seriously and request that you are willing to make sure that I get all the information that I need to establish a consumer friendly online marketing plan.
She works by the month only, and will not ask you to sign a contract for the year.
Many of our clients that have used another marketing company in the past - Say this about their past experiences:
All others have made them sign a 1 year contract from upwards of $4,000-7,000.00 per month, which is way to much money for the actaull services perfromed. Many have shown us their bills that provide a break down of the services and most are overstated by at least half. We will provide better than fair - you will get a big bang for your buck.
Clients also say that they did not find that the consumers really understood why their company was so special and different from others in the same industry - providing poor consumer perceptions and thus less consumers turned into sales. While many other companies do not focus on consumer perception, we certainly believe that quality and visionary marketing helps our clients retain success for a life time rather than only lasting just a Click.
Many clients have also complained, that while they are turning up in the search engines after paying another marketing company for the services, it is rather rare to come up on the first page and in catagories that are not so important to them. We understand how important doing our Marketing research on your company is before we even get started. If the proper steps are taken prior to implementing the marketing methods than you will be insured that you will come up in the premium key searches on the first page. Then once we have made our foundation in the desired market place we will begin focusing on the less desirable ones at a later date to fill in the gaps and catch our consumers from ever angle. Call our office for a free consultation and a first months price
808-244-5600.
New Business Setup -- Setting up accounting systems for your business.
Payroll Processing -- Paying your employees, payroll taxes, W2's, 1099's, etc.
Planning & Preparation -- Looking ahead to the future for your business taking into consideration market place, past growth, cash flow and other vital information.
Qualify for Hire -- When trying to hire a good bookkeeper in-house, we can help by reviewing your potential applicants for competency and skill set by administering our accounting test and one on one reviews.
Reconciliations -- In accounting, reconciliation refers to a process that compares two sets of records (usually the balances of two accounts) to make sure they are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent, this is done by making sure the balances match at the end of a particular accounting period.
Well reconciliations refers to two sets of records (what is being put in the well compared to what actual costs are being spent). Each account is given a work breakdown structure number (WBS) that will determine the cost of the well. The two numbers are compared to assure that they balance at the end of the accounting cycle. There is usually a difference.
There are, in general, five types of general ledger accounts that the typical business accounting system deals with: Asset, Liability, Equity, Revenue and Expense. Income Statement (Revenue and Expense) accounts eventually get closed out into an Equity account called Retained Earnings at the end of the fiscal year and their balances start over again at zero. Balance Sheet accounts (Asset, Liability & Equity), however, continue to roll their balances from period to period and year to year.
To ensure the reliability of the financial records reconciliations must, therefore, be performed for all Balance Sheet accounts on a regular and ongoing basis. A robust reconciliation process improves the accuracy of the financial reporting function and allows the Finance Department to publish financial reports with confidence. Reconciling banking, general ledger accounts, etc. to make sure your books are accurate.
Software , Training, Setup, Implementation & Support -- We support many accounting programs such as QuickBooks, Peachtree, and many other accounting and POS softwares.
Tax Preparation -- Personal and Business Corporate tax preparation services. We also handle many clients that have back owed taxes and IRS issues. Please call for more information on this service.
Telephone/Email Support -- We will easily and successfully walk you through questions or problems surrounding your immediate bookkeeping, tax or accounting circumstances over the phone or via email.
Theft Prevention -- Reviewing your business for theft and helping you identify theft prevention methods.
Substitute Bookkeeping -- We can fill-in for your bookkeeping needs when your bookkeeper is not able to work.
Special Projects -- We can help with numerous projects both small and large -- just ask us.
Personal Services:
Personal Checkbook -- For those that need help with banking and reconciliations.
We offer many more business and personal services -- just contact us for more information 808-244-5600.
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