Bookkeeping Services

General Ledger

• Setup chart of accounts
• Setup vendor accounts
• Setup customer accounts
• Setup employee accounts
• Setup inventory accounts
• Setup product lines for sales and cost of sales
• Setup commission schedules
• Prepare adjusting journal entries
• Peform monthly closing
• Perform year-end closing
• Prepare financial statements

Cash

• Process daily sales and deposit reports
• Verify daily deposits and report variances
• Reconcile and verify credit card deposits
• Reconcile monthly bank statements
• Prepare cash forecast

Accounts Receivable

• Prepare and mail billings as needed
• Record and account for revenue
• Input receivable transactions into the accounting system
• Prepare and deliver periodic statements
• Issue approved credit memos and refund checks
• Maintain subsidiary receivable ledger
• Process approved adjustments
• Apply cash received to customer accounts and resolve any "short pays"
• Perform phone collections as directed

Property, Plant, and Equipment

• Maintain fixed asset register recording asset description, date of acquistion, cost, useful life, and other pertinent data
• Maintain planned and incurred maintenance record
• Calculate and record book depreciation
• Calculate and maintain tax depreciation

Accounts Payable

• Classify invoices to the proper general ledger account
• Input vendore invoices
• Maintatin vendor files
• Request and maintain vendor W-9 information
• 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
• Prepare vendor checks
• Reconcile vendor statements to accounts payable ledger
• Prepare detailed aged accounts payable report
• Prepare cash requirements report
• Process year-end 1099 forms

Payroll

• Enter approved payroll time cards
• Prepare employee earnings statements
• Prepare department payroll reports
• Prepare timely and accurate notificaitons of tax liabilities and deposits
• Complete year-end W-2 forms
• Respond to employee payroll inquiries
• Respond to requests for employee verifications
• Process and submit wage garnishments
• Prepare and file new hire reporting to state
• Prepare, file, and pay federal, state, and local payroll taxes
• Reconcile health insurance payments with payroll deductions as required
• Prepare necessary humna resource reports
• Allocate payroll expenses to profit centers as necessary
• Prepare and process accruals as necessary