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DEBS will input your transactions
directly through the check images from your bank statement.
All other entries can be given to me on a simple spreadsheet
(view).
Debs will provide monthly reports of:
o Financial Statements (details)
o General Ledger (details)
o Bank Reconciliation Reports
(details)
o Other Entries (details)
~ Bookkeeping Tips:
~
o Check
out anyone handling your business financial information.
o When you are making
decisions on the accounts that will show
on the income statement, keep them simple - group
up items whenever possible. Example: Phone expenses
can include both office and cell billing. You also
may want to group items the same as the tax form
schedule C (this can be helpful for your tax preparer
and save you time as well).
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Contact : email - debs@surewest.net
- for initial contact and any questions
About
Debs:
- Running Deb Services for 14 years
for small businesses in the following areas:
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o Marketing
o Construction
o Plumbing
o Air Conditioning
o Adult Education
o Teachers
o Boutique |
Financial Statement details:
(summary) click back
to top
o Income statement - shows monthly and year to date breakdown
for each account required to report income and expenses
of the business for tax purposes. This will also help you
analyze your income and expenditures for indicated period
of time. You can decide what accounts you want to see on
this report or I can determine the appropriate accounts
to use.
o Balance sheet - shows overview of the business such as
total due to vendors (payables) and total income expected
from customers (receivable), bank balances, taxes payable,
loan balances.
General Ledger details:
(summary) click back
to top
o This report will show every transaction entered: by account,
with check or invoice number, date, customer or vendor name
and amount. Specific reports can also be requested (example:
Totals by customer or vendor)
Bank Reconciliation details:
(summary) click back
to top
o Account Reconciliation - overview of the reconciliation
o List of check - date, payable to and amount
o Account register - this view is like a checkbook, showing
running total after checks and deposits are recorded.
o List of any outstanding checks - these are check which
have not cleared the bank yet.
Other Entries details: (summary)
click back to top
o These will be details of the deposits (whether from customers
or owner contributions), cash receipts (items paid for with
cash)
Real Estate Note changes or updates:
Basic description - Individuals with owner financed real
estate secured notes can sell them. Most people don't even
realize that they CAN sell their note. I assist individuals
with cash flow through their trust deed notes. If you are
receiving monthly payments for selling a piece of property,
you can receive a cash settlement by selling the note to
an investor. If I don't purchase the note, I'll find someone
who will.
Note Holders can get a lump sum of cash for their promissory
notes.
You may need cash now for:
- Medical Bills
- College Expenses
- Vacation
- Investing
- Purchasing a Home
It doesn't matter what the reason, it's your money and
Debs will assist you in finding a buyer so you can have
the cash now.
CASH FLOW NOTE PROCESS:
- Current value of note is determined (details)
- Offer is given to note seller (details)
- Buyer Connection (details)
- Escrow is opened to handle the legal exchange
The Instrument of your note can be called by different
names depending on your state:
Deed of trust Mortgage Land Contract Security Deed
Mortgage deed Real Estate Contract Or some other Name
Doesn't matter though, because any of these can be cashed
out through Debs cash flow service.
Determining current value of note
(summary): back
to cash flow note
Some of the information on the note is actually available
to the public already (that's how I found some of you).
And I understand individuals being skeptical about revealing
some of the information, but when you realize that the buyer
needs to be able to make an educated decision about the
purchase of the note, it's logical to see why I need the
information that I'm requesting (view Note Analysis Questionnaire).
And in order for Debs to make a concrete offer to the note
seller, I can't be working with preliminary figures to arrive
at the current value.
Offer to Note Seller (summary):
back to cash
flow note
As the Note Seller, you will be given an offer from Debs
in writing to lock in the agreed amount. There is no fee
to you as the note seller. The only time there could be
a change to the offer is if the buyer has discovered information
about the property. Debs would come back to the Note Seller
about the discrepancies and a new offer would be again given
in writing to lock in the updated selling price.
Buyer Connection (summary):
back to cash
flow note
Debs submits the details of the seller's note to the pool
of buyers to find an interested party. The buyer also accepts
the offer in writing to lock it in. And it is generally
the buyer who establishes the escrow account used to handle
the legal exchange of funds and paperwork.
NOTE ANALYSIS QUESTIONNAIRE (PDF
form coming soon)
ESTIMATES ANYWHERE ON THESE FIGURES:
" CAN DELAY BUYER DECISION TO PURCHASE THE NOTE
" WILL REQUIRE UPDATED WRITTEN OFFER
"Honest, Reliable, Dependable”
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