accounting services

accounting services

"We feel that our CPA at KMA Bodilly has our best interest in mind, and we get excellent advice."

Accounting and CFO Services

Many businesses try to run as lean as possible so they’re nimble enough to change with the market. Most small business owners just try to do everything themselves. Either way, there will come a time when delegating the day-to-day tasks of running your business just makes good business sense. Instead of hiring a full-time Chief Financial Officer, let KMA manage your key operational finance functions. You concentrate on making your business successful; we’ll handle the bookkeeping and administration that keeps your business running smoothly.

For example, we’ll take the time to learn your business inside and out, then establish an efficient process to run your back-office functions to handle data entry for bills, customer invoices, and bank reconciliations. We assume responsibility for training, benefits, project management, compliance, and keeping up with current issues related to your business. These critical but time-intensive tasks are off your daily to-do list. You’ll get reports and updates, so you can manage your business, not be swamped by details. And, we’re available to answer questions and provide details when you need them.

Forensic and Fraud Accounting*

Every business faces the specter of being sued or being audited by the IRS. For example:

Relax – we know how to help you through this.

First, let’s make sure we’re clear on what we’re talking about:

“Forensic” means suitable for use in a court of law. This is the standard to which we hold ourselves accountable.

“Fraud” means “… deliberately deceiving someone else with the intent of causing damage.” ** It is important to note that the specific legal definition of “fraud” varies by state and by whatever type of fraud may have occurred. *

We have provided expert accounting opinions, testimony, information, and analyses in many civil and tax court legal proceedings, so we have learned what the courts and the IRS require to understand the basis of a calculation or accounting result, and we provide clear, well-defined answers to questions and interrogatories.

We can also help you identify and prevent potential problems from occurring. Our forensic and fraud prevention professionals can help you implement risk-reduction techniques by evaluating your internal controls and then showing you where you may be vulnerable. We can then design processes and procedures to help avoid running afoul of tax laws and stop potential fraud and/or loss of assets. We can also suggest ways to test for potential problems during a statutory audit.

KMA’s forensic and fraud prevention professionals have a thorough understanding of business information systems, investigative techniques, and accounting and auditing standards which we apply to performing our work. We can help reconstruct financial statements and present your financial information in a reasonable and effective fashion for you, your attorney, and the courts or IRS. We will work with your legal counsel to help them represent you and your interests to the best of our ability.

* Please note that KMA does not provide legal representation or legal advice; you should seek the counsel of a licensed attorney when dealing with any type of legal issues

** Cornell Law School Legal Information Institute (

Accounting System Management

Your accounting systems are the linchpin to your success. Inefficient systems can drive up costs and drain your bottom line. Our experts will help you choose the most appropriate accounting method, establish an efficient chart of accounts, nail down beginning balances, and develop key performance indicators for tracking the health and productivity of your business processes.

Accounting software has become so affordable and easy to use that it is far more cost-effective and efficient to implement an automated bookkeeping system. We provide expert setup for QuickBooks® and Peachtree software programs. Once the software is set up and working properly, we can easily train you and/or your employees to operate QuickBooks or Peachtree specifically for your business. We also have a team of QuickBooks® Certified Pro Advisors on staff to help answer your questions if you need accounting software support.

Accounting services

  • QuickBooks hosting services
  • Record income transactions
  • Record accounts receivable
  • Enter vendor invoices
  • Pay vendors
  • Monitor cash flow
  • Prepare monthly bank reconciliations
  • Enter credit card transactions
  • Fee based on volume, starts at $425 per month


  • Automatically pays all tax liabilities and employees via direct deposit or check
  • Files all federal and state payroll tax returns limiting your liability
  • Can facilitate filing in all 50 states
  • Easy to use system for clients to process payroll— KMA can process on your behalf if preferred
  • Online or phone application timekeeping feature available


  • Close books each month and prepare accrual entries
  • Reconcile balance sheet accounts
  • Provide monthly reports:
  • Balance Sheet
  • Profit & Loss Statement
  • Statement of Cash Flows


  • Provide CFO monthly reports
  • Forward looking income forecast
  • Cash flow projections for 6-12 months
  • CFO recap report
  • Monthly client meetings to review progress
  • Evaluate business opportunities and capital expenditures
  • Available for consulting