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To
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AccountantsWorld
Diane Offutt Website
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Key Benefits
 | Accounts
Receivable: Invoicing your customers, posting collections, sales
reports, aging report of your customer accounts, collection letters/calls. |
 | Accounts
Payable: Paying your vendors and managing accounts payable to take
advantage of vendor discounts. |
 | Payroll
processing: Including quarterly and annual payroll tax reports |
 | Bank
reconciliation's: On-Line or manual bank reconciliation's
(or reviewing your reconciliation) |
 | Month-End
Reports: Balance Sheets, Income Statements, Statement of Cash Flow |
 | Sales and Use
Tax Filings: Preparing all required business tax reports |
What are the steps in
handling your bookkeeping needs?
 | Identify the services you need. |
 | Set up a convenient schedule to collect the needed data from you. |
 | Process the data efficiently and timely. |
Below is an explanation of some reports we will provide to help keep you
informed on your performance.
 | Customer Aging Report: Report of your customer's balances owed you and how many days they are
outstanding. Known in the accounting trade as an Accounts Receivable Aging.
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 | Vendor Aging Report:
Report of your vendor's balances you owe and payment due dates.
Known in the accounting trade as an Accounts Payable report. |
 | Financial Reports:
Financial Reports that consist of a Profit and Loss Statement, Balance Sheet (which is a snapshot of your assets, liabilities and owners
equity, and a Statement of Cash Flow (which identifies where
cash is coming from, such as operations and/or investments). |
 | Comparative Financial Reports: These
reports allow you to measure your performance using the industry* average as
a benchmark. |
*The industry your company is in. We can provide sample reports for you to
review.

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