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Accounting Services

Assurances

  • Our firm is a member of the Division of CPA Firms Private Companies Section of the American Institute of Certified Public Accountants. Our firm has been a member since 1992. Peer reviews are conducted every three years with annual self-inspections. The firm completed its latest peer review in December, 2013. We received a "PASS" opinion with no letter of comments, a high quality standard achieved only 25% of the CPA firms in Texas.
  • We are licensed to practice public accounting by the Texas State Board of Public Accountancy. All professionally designated CPAs are licensed to practice public accounting by the Texas State Board of Public Accountancy.
  • We have a ‚ÄúCertificate of Registration‚ÄĚ to conduct business in the State of Texas. We have never received a public or private reprimand by the Texas State Board of Public Accountancy and/or Licensing Boards of other states. We do not have a record of substandard work.
  • Our firm is 100% minority owned and controlled and has been certified by the Central & South Texas Minority Business Council as a Minority-Owned Business Enterprise (MBE). This agency provides certification services to a variety of governmental agencies and private enterprises in the San Antonio and Bexar County area.
  • Our firm has been certified as a Historically Underutilized Business (HUB) by the Centtral & South Texas Minority Business Council.
  • We adhere to the nondiscrimination requirements as detailed in the United States Code and Code of Federal Regulations.
  • We are not on the U.S. Comptroller General's list of ineligible contractors.
  • Our firm is financially stable and adequately insured.
  • All of our professional staff maintains compliance with the continuing professional education requirements mandated by the Texas State Board of Public Accountancy.


Our professional services include:


Accounting Services

From start-ups to established enterprises, businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. Hector E Garcia CPA's accounting services steer you closer to these goals with accurate record-keeping and reporting as well as support on financial issues such as initial accounting system setup, cost-containment, tax planning, investments, and employee benefit and profit-sharing plans.

These services include but are not limited to:

  • General ledger and financial statement preparation
  • Bookkeeping (Monthly, quarterly, or annual)
  • Accounting system setup and support
  • Payroll processing
  • Cash flow budgeting and forecasting
  • Personal financial statements
  • Employee benefit and profit-sharing plans
  • Corporate tax planning and return preparation
  • Litigation support

Assurance and Advisory Services

At Hector E Garcia CPA, we focus on building close client relationships that add long-term value. This includes assuring the solidity of financial records, evaluating financial procedures and working to produce strategies that help our clients face the myriad challenges of business planning and execution. Our clients benefit from objective analysis to assist in controlling costs, increasing efficiency, and implementing new technologies and procedures that take advantage of changes in the marketplace, accounting standards, and tax law. Our assurance services will improve information quality or its context, meaning more success for your business.

These services include but are not limited to:

  • Reviews and compilations
  • Entity selection and restructuring
  • Accounting software selection, implementation, and support
  • Business valuations
  • Financial projections and forecasts
  • Debt and finances advising
  • Mergers and acquisitions
  • Transaction structuring and negotiations
  • Business succession

Reviews and Compilation

Hector E Garcia CPA's financial statement services comprise two levels of assurance depending on your company's needs.

Reviews

Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.

Compilations

Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.

QuickBooks Accounting Help and Assistance

QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product and then install, setup and use it properly. We don't just help you use the software, we help you use it more efficiently and more effectively.

Hector E Garcia CPA offers the following solutions to help meet your QuickBooks needs:

Personal Training

We train you personally! Either one-on-one or several individuals within your organization at your company's location.

Installation

We install QuickBooks on your stand alone computer or in a network environment, in either single- or multi-user mode.

Setup

We assist new QuickBooks users with initial setup including: EasyStep Interview, Preferences, Lists, Customers, Vendors, Employees, Banking and Reports. We also help experienced users manage their businesses more effectively by improving their current setup. Many users experience problems and lack the ability to generate and track important information as a result of inadequate setup.

Support

Our QuickBooks support service can assist you with any installation, setup or operation assistance you might need. In addition, our support is not limited just to the software part of it, but we can also provide accounting and payroll assistance.

Review

Our QuickBooks review service helps companies that have the human resources to perform daily accounting and payroll tasks, but need an accounting and payroll expert to review your transactions, accounts and reports. This review ensures that you receive timely, relevant and reliable financial information. We also inform you of any corrections, adjustments or reclassifications necessary to ensure that the financial information you receive reflects the correct financial condition of your business. Reviews may be conducted at any time, but monthly reviews provide you with up-to-date information and feedback about your business.

Bookkeeping/Write-up

Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. Hector E Garcia CPA can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Our write-up services include:

  • Preparing financial statements from general ledger or trial balance information
  • Maintaining accounts receivable or accounts payable ledgers
  • Calculating depreciation and maintaining fixed asset registers
  • Processing payrolls
  • Providing certified payroll assistance services
  • Calculating payroll tax deposits
  • Preparing payroll tax returns
  • Summarizing data required for tax returns
  • Set up of chart of accounts for specialized industries, such as construction or non-profit entities
  • Maintaining job costing systems under the percentage of completion or completion methods of accounting

Entity Selection and Restructuring

Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, Hector E Garcia CPA can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.

Payroll Services

Hector E Garcia CPA's payroll services can help you reduce the time spent on administration through developing and implementing a computerized payroll system that will facilitate processing, timely payment and preparation of tax returns.

Cash Flow and Budgeting Analysis

Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Hector E Garcia CPA can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Financial Projections and Forecasts

No one can predict the future perfectly, but we can all benefit from planning for it. Hector E Garcia CPA combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. We make it a point to keep current with market trends and updates so that your business can be prepared for what is to come. Depending on your needs, our work can range from top-level reports to detailed financial models.


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