·   SOURCE OF BUSINESS INCOME: 

For a proficient record keeping, first of all, the source of  receipt is identified to separate business income from non business income and taxable income from non taxable income.                                                                            

    ·   TRACKING OF DEDUCTIBLE EXPENSES: 

For maximizing year end tax deductions, a tax line item is assigned to all deductible expenses for tracking deductible expenses from the beginning of the year.         

    ·    BUSINESS REPORTS/STATEMENTS:  

For easy and simple year end tax return preparation, MEHTA ACCOUNTING SERVICES maintains all business records - Income, Expenses, Credits, Assets, Liabilities reconciled / Balanced with books on monthly basis by preparing monthly reports/statements.                                      

    ·   COMPLETE SET OF SUPPORT DOCUMENTS/ITEMS:

MEHTA ACCOUNTING SERVICES keeps a complete set of all business records, support documents/items available at all times by a click of mouse on ELECTRONIC FILE CABINET  created on client's desktop to maintain PAPERLESS WORK ENVIRONMENT and HIGH CONFIDENTIALITY.       

THE ART OF BOOKKEEPING: 

BOOKEEPING IS NOT SIMPLY (1) DATA ENTRY AND/OR (2) DEBIT AND CREDITS. BOKKEEPING IS AN ART OF RECORD KEEPING NEEDING IN DEPTH KNOWLEDGE.

Initially, a number of small business owners try to write books by himself and end up with huge mass up/scrued up situation. BUYING A CD OF ACCOUNTING SOFTWARE from the market and start making entries will be just only beginning and not the end. After some time, because of time and many other priority business operations, all bookkeeping work will be held up and back dated.

After several years of experience, MEHTA ACCOUNTING SERVICES  has developed ACCURATE ACCOUNTING METHOD and EFFICIENT RECORD KEEPING SYSTEM that clearly shows income and expenses for a tax year in an organized and professional way. As per IRS guidelines, all accounting entries for Purchases, Sales, Assets, Payroll and other expense transactions are accurately supported by following documents/items in a well organized way:

     PURCHASES:  

• Original Cancelled Checks. 
• Original Cash Register Tape Receipts.    
• Credit Card Sales Receipts. 
• Invoices.  

        GROSS RECEIPTS:

• Cash Register Tapes.
• Bank Deposit Slips.
• Receipt Books
• Invoices
• Credit Card Charge Slips
• Form 1099-Misc

     EXPENSES:

• Cancelled Checks.
• Cash Register Tapes.
• Account Statements
• Credit Card Sales Slips.
• Invoices.
• Petty Cash Slips for small payments.

     ASSETS:

• When and How you acquired asset.
• Purchase Price.
• Cost of any improvements.
• Section 179 deductions taken.
• Deductions taken for depreciation.
• Deduction for Casualty Losses.
• How you used the asset.
• When and How you disposed of the asset.
• Selling Price.
• Expenses of Sale.
• Purchase and Sales invoices.
• Real Estate Closing Statements.
• Cancelled Checks.

MEHTA ACCOUNTING SERVICES received an excellent response because of Details, Easy to Understand Electronic File Cabinet System, Up To Date Filings, Timely submissions of tasks and Professional Ethics.

ARE YOU INSPIRED TO INCLUDE YOUR COMPANY'S NAME IN OUR CLIENTS' LIST?