Bookkeeping Service
One of the hallmarks of a well-run business is the orderliness of its books. Hiring an accountant for bookkeeping services is likely to be money wells spent. It offers business owners the advantages of accurate, organized records at a fraction of the cost of having internal personnel maintain the books.
Many business owners know that while they are concentrating on their core business, financial record keeping can easily become overwhelming. Out of date or poorly prepared records can jeopardize their business. An IRS audit, for example, could keep the business owner busy for a time far exceeding audit if they have to track down disorganized documents.
On outsourced bookkeeper, on the other hand, will provide you with with electronic or paper back-up copies of your data. They can also help with:
- Monthly bank reconciliations
- Manual check postings including reviewing and coding of checks written
- Accounts receivable maintenance
- Accounts payable management (invoice entry, reporting, payment and cash management reporting)
- Bill pay automated via QuickBooks (or other software) or online via your financial institution
- Payroll processing (either internal or outsourced)
- Periodic tax payment and reporting matters (estimated tax payments, sales tax remittance, etc.)
- Accounting for industry specific transactions (i.e. job costing, real estate settlement (HUD 1) analysis, etc.)
- Chart of accounts and financial statement set-up
- Up to date financial reporting available via monthly reporting (or more frequent) or instantaneously utilizing our remote access model
- Journal entry preparation required to reconcile reports