FAS| Industries | Professional Accounting Services in Texas

Client Industries

We help our clients face their business challenges beginning with customized bookkeeping and advisory solutions focus on increasing financial visibility and mitigating risks unique to their business.

Self-Employed

There are basically two things that you need to do if you are running a practice by yourself: One, you need to provide an outstanding service the best way you can and two, you need to make sure that your business is profitable.

Don’t let those two tasks fill up your plate, outsource your bookkeeping to FAS so you can focus on providing the best service to your clients.

 How can we help you?

  • Budgeting and Forecasting
  • Cash Flow Planning and Analysis
  • Monthly or Quarterly Bookkeeping
  • Expense tracking using QuickBooks Online Self-Employed software
  • Bank Reconciliations
  • Tax Preparation and Filing

 

Non-Profit Industry

Non-profit organization serves in a unique position. They must accurately share information with the public about their governance, finances, and operations. They are accountable to those who support them and to those they decide to serve. They are responsible for leadership on behalf of the public interest, stewardship, transparency, and quality.

They must see to it that managers fulfill their responsibility for the conduct of project activities and become accountable for meeting legal and other required reporting procedures specific to the non-profit industry.

Having served this industry, we understand that implementing financial management systems and controls are vital to every non-profit organization.

Outsource your organization’s bookkeeping and internal control management to FAS and we will provide you with meaningful and timely financial information and analysis and help you establish internal control to safeguard your organization’s assets.  

How can we help you?

  • Budgeting and Variance Analysis
  • Compilation of Financial Information on a Monthly or Quarterly Basis
  • Bookkeeping and cost tracking by project
  • Bank Reconciliations
  • Establishing Internal Controls to safeguard assets from theft or misappropriation
  • Annual Tax reporting

Legal Industry

Law firms must follow certain rules on the acceptance, recording, monitoring, and reconciliation of trust accounts or those funds that do not belong to the firm. Trust accounts cannot be co-mingled and none of the funds in the trust account can be used to pay the firm’s expenses. It is important to confirm client retainer balance, document the movement of money and keep an updated summary of client ledger and reconcile each account monthly. Proper handling of Trust accounts by the law firm should be strictly followed, otherwise, it could violate rules and can be a sanction for disbarment.              

We recognize that running a law firm requires a lot more than working on your cases, you could be handling the marketing of your practice, you continue to develop client relationship, manage your office and staff and on top of this, keep your financial records accurate and updated. And now Trust accounts good record keeping becomes one of the most challenging tasks for lawyers.

Outsourcing your firm’s bookkeeping to FAS can enable you to have more time for your caseload and focus more on serving your clients. 

How can we help you?

  • Recording financial transactions
  • Monthly Trust account/s reconciliation and analysis
  • Credit Card Reconciliations
  • Budget Preparation and Variance Analysis
  • Tax preparation and filing

Medical and Dental Practice

In the dynamic economic environment of healthcare, medical and dental group management must generate and analyze cost data to determine the operating status of its practice and to implement effective cost management and profit strategy. 
 
How can we help you?
  • Establish cost analysis for accurate costing, cost control, variance identification and asset protection. 
  • Capital budgeting and acquisition
  • Fraud and compliance, control procedures, check and balance
  • Benchmarking
  • Accountability perspectives
  • Managing cash flows 
  • Proper control over cash
  • Cost-volume-profit  analysis to determine breakeven points

Construction

Are you an architect, engineer, or contractor? We know how hard you want to protect your profits and keep your competitors away.
 
We can provide you with a variety of financial and management advisory services to safeguard your assets and complement your business objectives to grow. 
 
How can we help you?
  • Analyze cash flow activities and prepare you cash budget to ensure you have cash when you need it
  • Plan your job profitability by controlling costs to increase margins.
  • Advise on managing risk to protect your business.
  • Construction costs vis-à-vis progress billing analysis

Manufacturing

We recognize that manufacturing clients face fierce competition and must continuously improve to compete in their markets. We assist clients in identifying key indicators that affect their manufacturing operations.
 
Our industry experience can help you solve problems, seize opportunities, and deliver services to meet your specific needs.
 
How can we help you?
  • Analyze business internal controls in production
  • Study cycle time reduction to minimize costs
  • Advise on sales projections and operations planning
  • Recommend internal controls & budgeting
  • Assess system control and implementation

Franchising Services

Franchise owners want to work with people who care about their business. We have created services designed to assist the information system needs of franchisors and franchisees.
 
Our Team provides personal attention backed by experience in helping companies grow. We work closely with clients to bring innovative solutions tailored to meet specific goals.
 
How can we help?
  • Development of a chart of accounts, information system, and statistics to be used by all franchisees.
  • Development of internal systems that reflect accountability, while reducing administrative efforts.
  • Consolidation of information by region, territory, or nationally, based on consistent methods.
  • Comparative information by store, region, territory, or nationally.
  • Training of franchisees at franchisor’s site to assist the franchisor in addressing concerns, which are most important to franchisees.
  • A systematic approach to bookkeeping

Food and Beverage Services

Our Team understands your business, your costs, and your competitive pressures.
 
Our experience in the industry has enabled us to design bookkeeping practices that complement your need to gather information.
 
How can we help you?
  • Analyze your costing of food and beverage to improve pricing
  • Prepare segment information such as food and beverage
  • Analyze wastage costs by comparing actual usage and theoretical usage of raw materials
  • Analyze operational control compliance
  • Recommending inventory control procedures
  • Prepare cash flow budgeting

Retail

If you are a retailer, you know that it’s not easy to maintain that your business stays successful all the time. You need every advantage. You need professional help from a firm that is really familiar with your industry.
 
Our professionals work with diverse retail companies and have designed a system that is suited to the industry.
 
How can we help you?
  • Analyze your product costing 
  • Breakeven analysis 
  • Study your business by segregating costs per product or other performance indicators
  • Analyze your business controls
  • Recommend internal controls on your inventory movements

CONTACT US

Address | 810 S. Mason Road, Ste 160, Katy, TX 77450
Office | 832-437-0385
Email | admin@fas-accountingsolutions.com

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