Lone Star Financial Services provide bookkeeping services, which entails the recording of manual journal entries for all business transactions based upon bank and credit card transactions initiated each month. Lone Star Financial Services, will ensure that both business checking, savings, & credit card accounts as well as all balance sheet accounts, are fully reconciled on a monthly basis.
Lone Star Financial will also take care of all of your customer invoicing and vendor payment transactions and generate monthly activity reports to assist your organization in more efficient management of your business operations. We also will provide monthly customer Accounts Receivable aging reports, to ensure that your organization's accounts receivables are maintained at reasonable levels and to assure increases in monthly cash flows for business operations. We also will monitor your monthly outstanding accounts payable to ensure that all vendors are paid on time and to even take advantage of potential vendor discounts offered each month.
In addition, Lone Star Financial Services will also assist your organization in quarterly forecasting of both revenue and costs in order to project potential future earnings within your business environment. Annually, Lone Star Financial Services will provide your organization with budgeting templates which enhance & capture your organization's business transactions to ensure better planning and the ability to take advantage of future opportunities.
Lone Star Financial Services generates monthly financial statements to our clients to communicate business operations to decision makers within your organization. In addition, we provide financial ratio analysis and business consulting for cost reduction initiatives, potential revenue generation, month vs month, quarter vs quarter, year vs year departmental expense trend reports.