Lead Accounting Practice, Inc. is a well adept accounting service firm that teaches small business owners to use their accounting system to control their assets, interpret their financials in order to grow and sustain their businesses. We have over 27 years experience in the industry bringing changes that will represent the true picture of their financial health. Our team is well organized and focused, having interaction with core personnel to facilitate growth.

Full cycle accounting•Set up business model•Train staff in quickbooks and business operations

Manufacturing & Distributing)- Company SoldManage company’s entire financial data•Accounts Payable •Variance analysis for investors and owners•Reconciled 5 LLCs bank accounts and credit cards•Performed month end closeouts and made necessary G/L entries•Managed A/R•Forecast and managed budget•Provided financial information to relevant departments•Managed inventory through physical count and quickbooks•Reconciled discrepancies and irregularities•Prepared financial statements external affiliates•Ensured that all financial deadlines are met internally and externally•Consolidate 5 intercompany transactions and reconciliations•Created and maintained bill of material spreadsheets to properly document changes in produce price to identify products that are profitable

(Construction Industry)- Company Closed•Job Costing – Set and maintained a system to identify jobs that are profitable•Saved company approximately $65,000 by auditing books and finding unpaid invoices, unbilled invoices, overpaid bills and incorrect insurance assessment.•Resolved all IRS issues from prior years• Implemented a proper system in Quickbooks to capture financial data and save time •Established tables of accounts and assign entries to proper accounts•Prepared, examined and analyzed accounting records, financial statements or other financial reports to assess accuracy, completeness and conformance to reporting and procedural standards.•Full cycle Accounts Receivable, full cycle Accounts Payable, Payroll specialist: processed payroll in-house for 20 employees•Maintained the state relation of all Worker’s Compensation, Auto and General Liability insurances•Prepared certified payroll reports, release of liens, AIA documents, file notices to owners•Prepared and filed on time 941, UTC-6, 940, W-2 and 1099

Set up small businesses in Quickbooks, processed 941, UTC-6, 940, W-2 and 1099.Trained staff in QuickbooksPrepared and maintaned financial statementsJob CostingVariance AnalysisFull Cycle Accounting