Our full charge bookkeeping services at GPS
encompass comprehensive financial management
tailored to meet the specific needs of your business.
From daily transaction recording and accounts
payable/receivable management to meticulous payroll
processing and detailed financial reporting, we handle
all aspects of your bookkeeping with expertise and
precision. we can clean up your current bookkeeping
system and reconcile your bank and credit card
statements. We can also assist you with audits - General
Liability, Workers’s Compensation & State of Alaska
DOT. Trust GPS to ensure accurate records, streamline
financial operations, and provide insightful reporting
that empowers you to make informed business
decisions confidently. Partner with us for reliable,
professional bookkeeping services that support your
business growth and success.
Your Success is
Our Success
GPS Administrative &
Bookkeeping Services
BOOKKEEPING Service
Fairbanks &
Anchorage
FINANCIAL STATEMENTS
The 3 main financial statements for a
company are the Balance Sheet, the
income statement (also known as a
Profit & Loss Statement), and the
General Ledger. GPS Bookkeeping &
Administrative will produce the financial
statements for your company based on
the everyday business transactions that
your company performs. We will
reconcile your bank statements and
provide monthly reports.
BALANCE SHEET
The Balance Sheet serves to outline a
company's assets and liabilities
comprehensively. Similar to a personal
credit report reflecting one's financial net
worth, it details assets like property,
vehicles, investments, and cash, alongside
liabilities such as mortgages, loans, and
outstanding bills. This financial snapshot
mirrors individual financial management,
offering a clear overview crucial for
assessing a company's financial health and
stability,
INCOME STATEMENT
The Income Statement is also known as
the Profit and Loss (P&L) Statement. It
shows how well a company buys and sells
inventory (or services) to make a profit. A
firm must create a profit in order to survive
and remain solvent. Careful analysis of the
components of a P&L is important in
determining the cash flow available to repay
existing debt, finance additional debt (for
business expansion), or to reinvest in the
company.
GENERAL LEDGER
The General Ledger contains an entry for
every transaction ever made with a
business. The general ledger's first entry
should be the one of the business's
transaction, and it should be updated as
often as necessary to ensure that every
single future transaction is recorded. Since
the general ledger holds all of the
information regarding every single
transaction in the business's history, it is the
core of all of the business's accounting
activity. Balance sheets and income
statements are both derived from
information contained in the general ledger.
TRIAL BALANCE
A trial balance is a bookkeeping
worksheet that compiles the balances from
all ledgers into separate debit and credit
columns, ensuring that the totals are
equal. Companies typically prepare a trial
balance at the end of each reporting
period. Its main purpose is to verify the
mathematical accuracy of entries in the
company's bookkeeping system.
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Serving: Fairbanks, North Pole, Delta Junction,
Anchorage and surrounding areas.