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Honest ~ Accurate ~ Punctual
Basic Accounting Services
Journal Entry and General Ledger
Profit and Loss Statement
Balance Sheet
Statement of Equity
Reconcile Monthly Bank Statements
Accounts Payable
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
Prepare and file required 1099 forms
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 Principal on detailed aged payables and cash requirements
Year end 1099 forms
Accounts Receivable
Billings prepared and mailed out
Record and account for revenue
Input receivable transactions into accounting system
Prepare and deliver periodic aged receivables statement
Issue Principal approved credit memos and refund checks
Maintain subsidiary receivables ledger
Process Principal approved adjustments
Apply cash received to customer accounts and resolve “short pays”
Light phone collections as needed by Principal
Principal to photocopy checks and provide to Servicer
Principal to prepare deposit slips (provide copies to Servicer) and make bank deposits.
Cash Management
Process daily sales and deposit records
Verify daily deposits and report variances
Reconcile and verify credit card deposits
Merchant services reconciliation
Payroll
Time cards, after Principal approval, will be emailed to Servicer prior to payday
Servicer completes payroll and prints checks.
Principal will sign and distribute paychecks
Prepare employee earnings statements complete with current pay period and year-to-date wages
Prepare timely and accurate notifications of tax liabilities and deposits
Complete year end W-2 and W-3 forms
Respond to requests for employee verifications
Process and submit garnishment payments
Respond to employee payroll inquiries
Prepare and file new hire reporting to Federal and State governments
Prepare, file, and pay all Federal, payroll taxes
Reconcile health insurance payments and make payroll deductions when required
For pricing of our payroll services, please click here
Fixed Assets and Depreciation
Determine the life of new asset
Set up depreciation schedule for new assets
Record monthly depreciation expense
Record necessary adjustments for retired or sold equipment
Track assets available for Section-179 (currently capped at $250,000)
Journal Entry and General Ledger
Profit and Loss Statement
Balance Sheet
Statement of Equity
Reconcile Monthly Bank Statements
Accounts Payable
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
Prepare and file required 1099 forms
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 Principal on detailed aged payables and cash requirements
Year end 1099 forms
Accounts Receivable
Billings prepared and mailed out
Record and account for revenue
Input receivable transactions into accounting system
Prepare and deliver periodic aged receivables statement
Issue Principal approved credit memos and refund checks
Maintain subsidiary receivables ledger
Process Principal approved adjustments
Apply cash received to customer accounts and resolve “short pays”
Light phone collections as needed by Principal
Principal to photocopy checks and provide to Servicer
Principal to prepare deposit slips (provide copies to Servicer) and make bank deposits.
Cash Management
Process daily sales and deposit records
Verify daily deposits and report variances
Reconcile and verify credit card deposits
Merchant services reconciliation
Payroll
Time cards, after Principal approval, will be emailed to Servicer prior to payday
Servicer completes payroll and prints checks.
Principal will sign and distribute paychecks
Prepare employee earnings statements complete with current pay period and year-to-date wages
Prepare timely and accurate notifications of tax liabilities and deposits
Complete year end W-2 and W-3 forms
Respond to requests for employee verifications
Process and submit garnishment payments
Respond to employee payroll inquiries
Prepare and file new hire reporting to Federal and State governments
Prepare, file, and pay all Federal, payroll taxes
Reconcile health insurance payments and make payroll deductions when required
For pricing of our payroll services, please click here
Fixed Assets and Depreciation
Determine the life of new asset
Set up depreciation schedule for new assets
Record monthly depreciation expense
Record necessary adjustments for retired or sold equipment
Track assets available for Section-179 (currently capped at $250,000)
Accounting & Bookkeeping Services
If there are any other accounting and bookkeeping services that you are in need of, please do not hesitate to contact us.