Financial Statements

One of the important statements in financial statement analysis is the balance sheet. The balance sheet is a snapshot of  your assets, what you own; you liabilities, what you owe; and your owner's equity, yours and other investor's investment in the business. 


  • Setting up a comprehendable chart of accounts
  • Cash Flow Management
  • Future Planning

Lighthouse Bookkeeping

​Elizabeth Carlson has 25 years of experience as a full charge bookkeeper including accounts payable, accounts receivable, bank reconciliation and all financials. She has spent the bulk of her career managing, a locally run small business where she managed the financial side of the business as CFO. She also assisted with business operations at the company which makes her uniquely skilled to address owner concerns on all levels while specializing in financials. Elizabeth, as founder and owner of Lighthouse Bookkeeping LLC established in 2012, enjoys her current ability to assist a wider spectrum of businesses and business owners, guiding them on which approach will best fit the needs of the business. She also serves as the link to the client’s CPA, working seamlessly with them to transfer all records and necessary tax information. It is her purpose to not only provide sound financial recordkeeping, but to show business owners the financial strengths of their business and how to capitalize on them and grow their success. She serves simultaneously as advisor and advocate for her clients and is a trusted member of their business support team.

In addition to her extensive experience, Elizabeth has completed an Associates of Arts degree in Accounting at Arapahoe Community College, a volunteer for Tax Help Colorado and is a Dave Ramsey Financial Peace University graduate.

Elizabeth has served as the past President for the American Business Women’s Association (Denver Downtown Chapter) and as a past Treasurer for the Evergreen Chamber of Commerce.



Setting up the Chart of Accounts

We know it's often hard to comprehend the Financial Statements, here a few tips to help organize your company's chart of accounts to help produce comprehensive statements. 

  • Set Up the Chart of Accounts as a first step in establishing your business
  • When setting up the chart of accounts think of the future, this provides room for you company to grow
  • Five Categories on the Chart of Accounts

  1. Assets
  2. Liabilities
  3. Owner's Equity
  4. Revenue
  5. Expenses