Business Services
Services cover all small business accounting services necessary such as:
- Bookkeeping Services
- Perform day-to-day bookkeeping and accounting data entry services
- Bookkeeping clean up services
- Payroll
- Preparation of payroll checks and direct deposit
- Process of payroll tax reporting
- E-filing services
- Preparation of quarterly and annual payroll tax returns
- Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments
- Prepare department summaries of month-to-date payroll data in addition to customized reports specific to client
- Prepare timely and accurate notifications of taxable liabilities and deposits
- Prepare year-end W-2 forms
- Respond to requests for employee verifications
- Process and submit garnishment payments
- Respond to employee payroll inquiries
- Prepare and file new hire reporting to state
- Prepare, file, and pay all federal, state, and local payroll taxes
- Reconcile health insurance payments and make payroll deductions when required
- Accounts Payable
- Record vendor invoices and prepare checks
- Input vendor invoices to payable system
- Classify invoices to the proper G/L account
- Request and maintain vendor W-9 information
- Maintain vendor master files
- Respond to vendor inquiries about payment status
- Retrieve copies of payments as necessary
- Process requests for stop payments when necessary
- Cut checks to vendors based on due dates or client instruction
- Reconcile vendor statements to accounts payable ledger
- Reporting to organization on detailed aged payables and cash requirements
- Process year-end 1099 forms
- Accounts Receivable
- Prepare custom invoices and maintain accounts receivable
- Prepare and mail billings as needed (all billings provided to client for approval prior to mailing)
- Record and account for revenue
- Input receivable transactions into the accounting system
- Prepare and deliver periodic statements
- Issue client-approved credit memos and refund checks
- Maintain subsidiary receivables ledger
- Process client-approved adjustments
- Apply cash received to customer accounts and resolve “short pays”
- Perform low-level phone collections as needed by client
- General Ledger and Chart of Account Maintenance
- Journl entry preparation
- General ledger review and analysis
- Setup Chart of Account & General Ledger
- Conduct monthly and year-end closing procedures
- Perform bank and other accounts reconciliations
- Analyze and adjust general ledger for preparation of financial statements
- Cash Management
- Process daily sales and deposit reports
- Verify daily deposits and report variances
- Reconcile and verify credit card deposits
- Reconcile monthly bank statements
- And much more…