Financial Accounting    

Our financial accounting division offers accounting, reporting, and financial analysis and consulting services that are essential for governmental entities, small and mid size companies to pursue their objectives. We ensure the accuracy and integrity of the organization's financial accounting and reporting systems; provide timely, comprehensive, and accurate financial reports; and maintain a system of internal accounting controls :

• Financial and Accounting Services
• General Ledger & Financial Statements Preparation
• Bookkeeping (Monthly/Quarterly/Annual)
• Accounting System Setup for new business
• Computerized Payroll Services
• Business Tax Return Preparation (Sales and Use/Business Property Taxes)
• Personal Financial Statements
• Cash Flow and Budget Analysis
• Debt and Financing Services
• Financial Forecasting and Projections
• Tax Planning and Tax Preparation
• Financial Planning
• Sarbanes Oxley/A-123
• Internal Controls Review/Analysis

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Bookkeeping Services    

One of the biggest challenges for today’s business owner is keeping up with day to day inflow and outflow of money while running their business. In order have longevity as a business owner, you must

• Know where your income and revenues are coming from and where your money is going in order to know if you are making a profit.
• Know which clients or customers owe you money, which ones pay you on time and which ones pay late or not at all.
• Know how many of your customer pay bills late, so you can take action to collect from "problem" customers
• This is very important when you need to decide whether a client must pay cash or whether you can extend a client credit.
• Know who has actually paid you so you don't try to collect money twice
• Know where you are spending money, which areas are consuming too much money

Since 1985, Calloway & Associates has been helping clients find the answers to these questions and more. Our bookkeeping staff will provide unparalleled solutions to your organization's finance. Our philosophy is to assist our clients in maximizing profit and minimizing losses, which provides the framework for financially healthy businesses.