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Bookkeeping

Key Benefits

bulletAccounts Receivable:  Invoicing your customers, posting collections, sales reports, aging report of your customer accounts, collection letters/calls.
bulletAccounts Payable:  Paying your vendors and managing accounts payable to take advantage of vendor discounts.
bulletPayroll processing:  Including quarterly and annual payroll tax reports
bulletBank reconciliation's:   On-Line or manual bank reconciliation's (or reviewing your reconciliation)
bulletMonth-End Reports:   Balance Sheets, Income Statements, Statement of Cash Flow
bulletSales and Use Tax Filings:  Preparing all required business tax reports

What are the steps in handling your bookkeeping needs?

bulletIdentify the services you need.
bulletSet up a convenient schedule to collect the needed data from you.
bulletProcess the data efficiently and timely.

Below is an explanation of some reports we will provide to help keep you informed on your performance.

bulletCustomer 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.
bulletVendor Aging Report:   Report of your vendor's balances you owe and payment due dates.  Known in the accounting trade as an Accounts Payable report.
bulletFinancial 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).
bulletComparative 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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Copyright © 2003 Accounting Connections, LLC
Web Site Designed by: Diane Offutt  (770) 516-5987 or (770) 846-7799
Last Modified: 05/01/2008

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