Human Resource
2 weeks ago
Accounting Services
Monthly accounting and financial reporting for business owners who need numbers that are current, accurate, and useful — not six weeks late.
Most business owners have financials. Fewer have financials they can use. There is a difference between books that are technically in order and books that close on time every month, report what matters for your specific business, and give you the numbers you need to make a decision today — not in March.
SG Inc CPA delivers monthly accounting and financial reporting as part of a connected financial system. Clean records feed accurate statements. Accurate statements support better decisions. And both coordinate with your tax plan so nothing falls through the cracks at year-end.
Serving business owners and practice owners in DFW, Texas and the Bay Area, California. Remote clients welcome.
- The Problem
When financial statements arrive six weeks after the month closes, they describe a business that no longer exists. Expenses have shifted. Revenue has moved. A hiring decision that felt affordable in October looks different in December — and the November P&L that would have told you so is still not ready.
Delayed accounting is not just an inconvenience. It is a decision-making handicap. For a practice owner managing overhead, payroll, and equipment costs, or a business owner planning a hire or a financing request, the gap between current and delayed financials has a real cost.
Lower taxes and keep more income
Monthly books closed within five to ten business days of month-end. Financial statements delivered with a plain-language summary of what changed and why. Nothing sitting in a queue until tax season.
- SERVICES
What accounting services includes.
Eight components — from monthly close to year-end coordination. Each one is part of a consistent monthly cadence, not a once-a-year event.
01
Monthly financial close
Books closed within a defined window after month-end — typically five to ten business days. Not six weeks later, when the numbers no longer reflect current reality.
02
Profit and loss statement
A clear monthly P&L that shows revenue, cost of goods or services, gross margin, operating expenses, and net income — structured for your business model, not a generic template.
03
Balance sheet
A monthly snapshot of assets, liabilities, and equity. Tracks what your business owns, what it owes, and what the difference says about your financial position.
04
Cash flow statement
Shows where cash came from and where it went — separate from profit. A business can be profitable and cash-poor at the same time; a monthly cash flow statement makes that visible before it becomes a problem.
05
Management reporting
Reporting designed for decisions, not just compliance. For medical practices: revenue per provider, overhead as a percentage of revenue, cost per visit. For multi-entity operators: entity-level P&L and consolidated view.
06
Chart of accounts design
A chart of accounts that reflects how your business actually runs — not the default QuickBooks template. Properly structured accounts make every downstream report more useful and every tax return easier to prepare.
07
Accrual-basis accounting
Revenue and expenses matched to the period they belong to, not just when cash moves. Accrual-basis financials are required by most lenders and give a more accurate picture of business performance than cash-basis alone.
08
Year-end close and tax coordination
A clean year-end close — with all adjusting entries, reconciliations, and documentation in place — so your tax return can be prepared from accurate numbers rather than reconstructed from incomplete ones.
- The Problem
what is the difference?
These terms are often used interchangeably. They should not be. Bookkeeping and accounting are two distinct layers of the same financial system — and understanding the difference matters when you are deciding what your business actually needs.
Bookkeeping
- Records and categorises every transaction
- Reconciles bank and credit card accounts
- Maintains the general ledger
- Ensures the data exists and is organised
- Input: raw transactions
- Output: clean, current records
- Answers: what happened?
Accounting
- Produces financial statements from clean transaction data
- Reviews statements for accuracy and business meaning
- Applies adjusting entries and period-end close procedures
- Ensures the data is interpreted correctly and presented usefully
- Input: reconciled, organised books
- Output: financial statements and management reporting
- Answers: what does it mean, and what should we do?
- Both layers are necessary
Accounting without bookkeeping is impossible — you cannot produce accurate financial statements from disorganised records. Bookkeeping without accounting is incomplete — you have clean data but no financial picture. SG Inc CPA can provide both, or work alongside your existing bookkeeper to handle the accounting layer.
Who this is for
Monthly accounting delivers the most value to business owners who are making real decisions with their financials — or who should be, but currently cannot because the numbers are not there when they need them.
Medical practice owners
Practice owners need more than a P&L. They need to see revenue by provider, overhead as a percentage of collections, payroll cost relative to revenue, and supply expenses trending over time. Generic financial statements don’t surface any of that. We structure reporting around how a practice actually operates.
Multi-entity operators
Business owners with more than one entity need two things: accurate financials at the entity level, and a consolidated view across all of them. Running one entity without visibility into the others is common — and consistently leads to blind spots in cash flow, tax exposure, and growth decisions.
Growth-focused business owners
Owners who are making decisions about hiring, equipment, expansion, or financing need current numbers — not a six-week-old P&L that reflects last quarter. Monthly accounting creates the financial visibility that makes faster, better decisions possible.
Businesses preparing for financing
Lenders require accrual-basis financial statements, often for two to three years. If your books are on cash basis, disorganised, or behind schedule, a financing request will stall. Monthly accounting keeps you lender-ready at all times — not just when you suddenly need it.
- What Changes
What changes when your accounting is
current and structured correctly
Visibility
- Monthly financials closed within 10 business days of month-end
- P&L, balance sheet, and cash flow available every month
- Practice-level or entity-level reporting where relevant
- No more end-of-year surprises from books that haven't been reconciled
Decisions
- Numbers current enough to act on — not historical artefacts
- Revenue and overhead data that answers operational questions
- Consolidated multi-entity view when you need it
- Confidence in the numbers when a lender or investor asks
Tax readiness
- Year-end close completed cleanly before tax season
- Adjusting entries and accruals in place — no reconstruction needed
- Financials coordinated with your tax plan throughout the year
- Smooth handoff to tax preparation — no delays, no missing data
How to get
Started
Review and set up
We review your current chart of accounts, prior-period financials, and reporting structure. Where needed, we redesign the chart of accounts to reflect how your business or practice actually runs.
Monthly close cycle
Each month, we close the books within a defined window, prepare your financial statements, and flag anything notable — unusual variances, cash flow timing, overhead changes — before sending your package.
Reporting delivery
You receive a monthly reporting package in plain language: P&L, balance sheet, cash flow, and any management-level metrics specific to your business type. We are available to walk through it with you.
Tax year coordination
At year-end, we complete the close, prepare all adjusting entries, and coordinate directly with your tax preparation and planning team so there are no gaps between your financial statements and your returns.
When did you last look at a monthly P&L that was less than two weeks old?
A confidential review will show you what your current financial reporting setup is missing — and what changes when accounting is done the way it should be.
What clients say
Frequently asked questions
What is the difference between accounting and bookkeeping?
Bookkeeping records and organises every transaction — it is the data layer. Accounting takes that organised data and produces financial statements, applies period-end adjustments, and generates reporting that reflects what your business is actually doing. Bookkeeping answers ‘what happened.’ Accounting answers ‘what does it mean.’ Both are necessary, and both need to be done well for either one to be useful.
I already have a bookkeeper. Do I still need accounting services?
Possibly — it depends on what your bookkeeper is delivering. If you are receiving a monthly P&L, balance sheet, and cash flow statement that are closed within ten days of month-end and structured to reflect your business model, you may already have the accounting layer covered. If your bookkeeper is handling transaction entry and reconciliation but you are not seeing monthly financial statements, or if those statements are arriving six weeks late, the accounting layer is likely missing. We can assess your current setup and tell you honestly whether there is a gap.
How quickly do you close the books each month?
Our target is five to ten business days after month-end, depending on the complexity of your business and the completeness of the source data we receive. We communicate our close timeline upfront and flag any delays early — we do not simply go quiet and deliver six weeks later.
Do you produce reports specific to medical practices?
Yes. For practice clients, we structure reporting to surface the metrics that matter operationally: revenue by provider or location, overhead as a percentage of collections, payroll cost relative to revenue, and supply expense trends. Generic financial statement templates are designed for general small businesses — practice owners need reporting built around how a clinic actually runs.
Our business has more than one entity. Can you produce consolidated reporting?
Yes. For clients with multiple entities — operating company plus holding company, practice plus real estate LLC — we can produce both entity-level financials and a consolidated view. Multi-entity reporting is one of the areas where we add the most value, because it is also one of the most commonly handled incorrectly or incompletely.
How does accounting connect to tax planning and preparation?
Accounting and tax are two parts of the same financial system. Clean, current monthly financials make tax planning more effective — because the numbers are accurate and available when strategies need to be evaluated, not reconstructed in March. At year-end, a properly maintained set of books means the return can be prepared from a solid foundation rather than pieced together from incomplete records. We manage accounting and tax as connected work, not separate engagements.
- Related Resources
Related pages and guides
Bookkeeping Services
The transaction-level layer that makes accounting possible — recording, categorising, and reconciling every transaction.
Tax Planning
How year-round tax strategy works alongside clean monthly accounting to reduce what you owe before the return is filed.
Your numbers should be working for
you, not filing against you.
Monthly accounting that is current, structured for your business, and coordinated
with your tax plan changes how you run — and how much you keep.