Ascent Accounting Durango CO

“One of the best things I did was spend money on an Accountant.”

   – Alastair Humphreys

Understand your business’s finances.

Review data and make informed decisions.

Project cash balances and drive profitability.

Your business is one tool within life’s financial toolbox.

  • Are you paying yourself an adequate wage as the owner of your business?
  • When was the last time you paid yourself a profit distribution or dividend?
  • Is your business turning a healthy profit for its size and industry?
  • Are you certain your business expenses aren’t costing you too much?
  • Do you confidently head-off problems before bigger problems evolve?

Ascent delivers financial reports and operations insight on a recurring and timely basis so you can make decisions when decisions matter most.

Be proactive, leverage our tools, understand your business’s financial health, avoid burdensome surprises, and own a financially healthy business!

My business could pay me more. Let’s find out how!

Ascent specializes in health-focused managerial accounting. This means our priority is to improve the financial health of your business.

As accountants, we have the skillset to help you run your business. However, not all accountants are the same. Ascent’s services include:

  • Understanding your vision, goals and needs as the owner.
  • Helping you get the best return out of every dollar spent.
  • Helping you maneuver the many complexities of owning a business.
  • Timely delivery of information so you can make now decisions.
  • Making sure you pay yourself an adequate wage PLUS dividends for the risks assumed as the owner of your business.
  • Making sure your business is on track to make your dreams a reality.

We do not distract our experts with preparing and filing income taxes. Althought we don’t do taxes… We do help you plan for them! The #1 KPI for a good year is a high tax bill. Every one of our clients’ tax bills increase over time but none of them are caught off guard. If anything, the’ve saved more in anticipate for the tax higher tax bill and have the chice to invest in HSAs, IRAs, kiddo education, etc. It’s a good ‘problem’ to have.

That being said, we work closely with other tax professionals who have dedicated their lives to helping you navigate the many complexities of tax… Leveraging the expertise of others helps you get the most bang for your buck and protects you from unnecessary loss. If you need help finding a tax accountant, call us and we can help you find the right fit!

As experts in health-focused managerial accounting, we can help you:

  • Read and interpret your business’s financial reports.
  • Use benchmarks & ratios to evaluate the health of your business.
  • Adopt strategies to ensure you have enough money to:
    • Pay appropriate wages all year
    • Pay dividends to owerns & stake-holders
    • Save for taxes
    • Pay-down debts and
    • Wisely spend money on operations

Below are our accounting service options built for you. No matter your size of business, we have an option that will help you understand, manage, and improve the financial health of your business.

You do what I’ve always wanted from an accountant! Let’s work together.

Accounting services

That will improve financial health


  • Proactive insights
  • Basic reports (bs, pl, gl)
  • Advanced reports (socf, sales, expenses)
  • Professional monitoring
  • Professional benchmarking
  • Cash monitoring
  • Cash balance projections
  • Profit projections


  • Comprehensive insights
  • Basic reports (bs, pl, gl)
  • Advanced reports (socf, sales, expenses)
  • Professional monitoring
  • Professional benchmarking
  • Cash monitoring


  • Reactive insights
  • Basic reports (bs, pl, gl)

Not sure which is right for you? Not a problem! We’d love to help you pick a plan. Drop us a message with your thoughts, questions, or business concerns and we’ll get back with you soon.

Ad-hoc services

Often bought individually, together, or implemented with recurring accounting services

  • Market reserach

  • Pricing reserach

  • Industry metrics research

  • Process & systems assessments

  • Gap analysis

  • Annual expense review

  • Budget import

  • Budget prep assistance

Examples of accounting services:

Financial reporting education

Quarterly health reports

Cash flow forecasting

“Ascent has taken the stress out of understanding our business’s finances and brought the reassurance we were looking for. Their attention to detail and advisory skillsets exceeds anyone we’ve worked with prior. We feel at ease now.

Ownership, Le Platt's Pond

“The Ascent team is very professional and has been there for me and my small business. Their advice have helped my business grow in the best way possible! I 100% recommend Ascent Accounting and Consulting, LLC!”

Ownership, The Zen Den

“Ascent has been an enormous help in managing the finances of our business. They helped us clean up our records and create systems that fit within our management style to help us stay organized. I highly recommend their services!”

Ownership, Albrechta & Albrechta, LLC

Frequently Asked Questions

Like legal and banking services, accounting is one of the necessary professional functions of your business. An accountant’s primary functions are to help you structure your business, design systems to efficiently run your business, monitor your business’s performance, and report your income (or lack there-of) to the appropriate agencies.

First and foremost, accountants have dedicated their careers to helping businesses succeed. As the quarterback of your business, wouldn’t you want a competent tailback to help drive the business to a profitable scorecard? Oh wait… Tim Tebow was a quarterback AND running back… Look where that got him.

The simplest answer is licensing. Not all accountants are CPAs.

Certified Public Accountants (CPAs) have been coined the most trusted business advisers. This is because every CPA must demonstrate through the licensing process:

  • A minimum 150 credit hour degree with required hours in economics, finance, marketing, and management, etc
  • Established work history
  • 40+ hours in annual continuing education
  • And much more.
  • Accounting services range from $100 for a simple tax filing to $300k/year for an internal audit department. We’ve provided a helpful tool above to help you gauge your needs. Of course, the best way to price your need, is to call a few accountants in your area.
  • Note, the best accountant for you might be half-way across the nation. In today’s virtual world relationships can be built and information can be exchanged easily, broadening your ability to work with the right professional. We suggest you do some research and find an accountant who specializes in your type of business, industry, age demographic, etc. The most important thing, however, is to hire someone you get along with and trust.
  • Give us a call. If we can’t help you, we will help you find the right accountant who will deliver to you the most bang for your buck.

Use what we call the ‘envelope’ system. Set-up different bank accounts for different purposes (income, profits, owner compensation, taxes, expenses, etc.). Deposit all money received into the income account. On a regular schedule, transfer money into each of the other bank accounts. Spend money ONLY from the expenses account.

Different sizes and types of businesses need to transfer different percentages to each account. Give us a call and we’ll let you know what percentages are appropriate for you. We’ll do this free of charge because we want you to be financially healthy!

No. Years ago, many accountants added tax reporting to their service line-up because it complemented their existing services (and the IRS recognized CPAs as allowable reporting agents). However, in today’s world, it is harder for accountants to generalize their practices and provide both accounting and tax reporting services. As a result, the accounting profession, just like all industries, need to specialize to stay relevant and provide the best possible service to their customers. It is often common and beneficial for one business (even small businesses) to have multiple accountants; allowing them to cost-effectively leverage the expertise of multiple professionals.
  • Of course you can. There’s a lot of information out there to help you learn best practices, build key performance indicators that will improve your business profitability, stay on top of the everchanging tax code, etc. But who has time for that?
  • Seriously though, it’s a great idea to have someone as a resource for when you can’t do everything yourself. Hire someone, it doesn’t have to be an accountant, but anyone as a business coach. You’ll find any coach will deliver invaluable insight, and stimulate creative thinking, when running your business.

The world is everchanging and so are the businesses around you. Your competition continues to evolve with the trends and technology unique to your industry. To stay relevant, you must change as well. Do you want to be responsible for staying relevant with your business AND manage the changes in the accounting industry? I didn’t think so.

We utilize select cloud-based tools to help us do our job. We’ll set you up with these systems. Often, we will integrate your sales, recordkeeping, and banking systems with ours, so you don’t have to personally deliver anything. It’s that simple!

Generally speaking, profit as a % of revenues should be 10% or more. However, if your intention is to grow your business, you need to profit at least 15% of revenues. This will allow you to healthily invest in your business’s future.

Note, you want to be smart with your 5% re-investment in the business. Look at your options, project sales and costs of each, and pick the one that will produce the highest future profits. We suggest you consider at least three options before choosing your next investment.

Are You Ready to Make Your Dreams A Reality?

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