The Accounting Cycle Made Simple with Sai CPA Services

 Understanding the accounting cycle is key to managing your business finances effectively. At Sai CPA Services, we help simplify this process so you can focus on what you do best growing your business. 




1. Identifying Transactions 
 The cycle begins by identifying all financial activities, such as sales, purchases, and expenses. Sai CPA ensures nothing is missed. 

2. Recording in the Journal 
 Each transaction is recorded using accurate double-entry bookkeeping. Our team handles this with precision to maintain balance in your books. 

3. Posting to the Ledger 
 Journal entries are transferred to the general ledger, organizing your financial data into specific accounts like income, expenses, and assets. 

4. Preparing a Trial Balance 
 We then prepare a trial balance to ensure all debits equal credits, highlighting any discrepancies before moving forward. 

5. Adjusting Entries 
 Sai CPA professionals review and adjust your entries for items like depreciation or accrued expenses, ensuring your financials reflect real-time accuracy. 

6. Preparing Financial Statements 
 We generate clear and compliant financial statements—income statement, balance sheet, and cash flow—giving you a complete financial picture. 

7. Closing the Books 
 Our team closes out temporary accounts, prepares your records for the next period and ensures accuracy in retained earnings. 

8. Beginning a New Cycle 
 With Sai CPA Services, you’re ready to start each new accounting cycle smoothly and confidently. 

Let Sai CPA Services take care of your accounting needs—accurately, efficiently, and professionally. 

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WhatsApp: Sai CPA Channel  
Phone: (908) 380-6876  

    (908) 888-8900  

1 Auer Ct, East Brunswick,  
NJ 08816 


 

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