Our Roots

Russell Falls was a commercial operator in the trucking industry for several years and understands the stress it takes to deliver the loads on time. Falls knows firsthand the last thing truckers want to do when they get home is to work on the books. That is the reason Falls Vital Accounting services was conceived, to help owner/ operator truck drivers with their bookkeeping and taxes.

Falls is an Enrolled Agent which means  he is able practice before the I.R.S. as of July 2019. Falls also holds a Business of Science Degree in Business Administration.

 

A Detail-oriented, client-focused accountant with 10+ years of experience providing accurate and reliable results, allowing companies to focus on growing revenues and minimizing administrative costs. An organized, highly experienced in all aspects of personal and small business accounting with a demonstrated ability to maintain confidential information and ethical practices.

661-526-4983

Book Clean up Services:

 

I will find the errors in the books and clean them up. If the accounts have not been reconciliation in six months or less. Or if the books have not been updating with in the past 6 months or so. If is it longer than six months, it might begin necessary for you do download all the transaction to excel spread sheet from the bank and then I can start the clean up process at that time.

Provide Eight Reports:

 

Using QuickBooks Online I will provide the weekly report to the owner. Reports will be Balance Sheets, Profit and loss, Cash Flow statement, Accounts Payable, Accounts Receivable, Bank and Credit Card Report last 30 days, Uncleared Transactions and Uncategorized income and uncategorized Expenses. I will set up the chart of accounts and maintain their books. I will provide them with eight reports on a weekly basis. I will explain the reports to the client so they will be able to understand what is going on. This is the top-of-the-line services that I going to offer to the client.

Balance Sheet: A report that consists of the asset’s accountant balances minus the liabilities and the owner equity or the shareholders equity.

Income Statement:  A report that gives your all the income the company minus all the expenses which the company had during in period of time. There are some expenses that was prepaid expenses which show up on the statement that was not paid with cash in that period of time.

 

Cash Flow Statement: This is a statement shows the cash inflows by the operation of the business and the investment income. The out of cash flow show the payment of the operations activities along with the investment in each period of time.

Accounts Payable Summary: This report shows the company owns money due. The time frame that the own amount is either current or past do and how far past due.

Accounts Receivable Summary: This report is important to you as an owner operator truckdriver because it show if one of your customer is failing behind on paying you.

Hopefully I will finish this page up tomorrow 2/12/2021.