Anquillare, Ruocco, Traester 
and Company offers a complete range of services for the entrepreneur and his or her small business. Well beyond the debits and the credits, our experienced advisors are dedicated to delivering value-added benefits not available from traditional sources. Our ultimate goal is your continued success.

Accounting services

Interpreting Financial Statements

Financial statements analysis can cause anxiety for most non-financial professionals.  We understand how you feel- at one time we were just like you.  However, we know that with a little guidance, the interpretation of financial statements is not that difficult to master.  We will teach about assets, liabilities, equity, retained earnings, accruals, generally accepted accounting principles and so on. We will explain the accountant's or auditor's report and the difference between an audit, review, or compilation.  We will also clarify the meaning of disclosures- the notes to the financial statements- what they mean and why they are necessary.

Record Keeping

Good records make it possible to succeed in business.  Although big companies have sophisticated accounting departments and systems, owners of small businesses typically rely on their bookkeepers and accounting firms to keep their books.  Hence, the small business owner must be familiar with the importance of good record keeping requirements. 

High-quality bookkeeping produces the financial information that enables you to operate your business more efficiently.  Precise and comprehensive records enable you to keep track of your assets, liabilities, income, and expenses.  That information, when compared to budgeted data and industry benchmarks, helps you to identify strengths and weaknesses, assists with tax compliance, and provides the tools needed for financing growth.

A basic bookkeeping system should be easy to use, uncomplicated, accurate, and consistent.  It should provide reliable information on a timely basis.  Generally you will need the following records and documents:

• A chart of accounts
• Journals to record cash receipts, cash disbursements, sales, purchases, and other transactions
• Accounts receivable
• Accounts payable
• Payroll
• Petty cash
• Inventory

We can develop a complete system- manual or computerized- that is customized for your business.  This includes the design of reports that you need to manage operations and to produce the supporting records required for your financial statements and tax returns.  We can also train you and your staff to maintain the system and to perform internal control procedures to ensure that the system produces accurate, reliable, and meaningful information when you need it.

Profitability Analysis

Profitability analysis is an important concern for any company.  Profitable growth can happen only after one understands what it costs a company to serve a customer and how to negotiate effectively to improve terms with suppliers, vendors, and the company's work force.

We assist executives in making strategic and operational decisions with confidence.  We also help identify ways to boost profits and operate more efficiently.

Business Ratios

Financial analysis using business ratios provides a means of assessing your company's strengths and weaknesses.  Benchmarking helps you quickly and objectively evaluate your company in terms of your competitors.

Using business ratios and comparing your company's financial position, operating results and cash flow with those of your competitors and your industry, we can help you to identify problems so you can focus on solutions.

Tax Reporting

Whether your business is large or small, tax reporting is unavoidable.  All levels of government are involved in the business of taxation.  For the entrepreneur however, compliance with federal, state, and local tax reporting rules can be extremely complicated, at best.  What's more, your failure to comply with the reporting requirements can be very expensive, or even worse.

We help businesses of all sizes meet their tax reporting responsibilities.  And just as important, we help ensure that you pay only what you are obligated to pay, nothing more.  That's our passion and our promise.