- 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 reconciliations: 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.
- 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.