Bookkeeping Services
Professional Bookkeeping Services for Your Business
Keeping your financial records accurate and up to date is essential for any business, regardless of size. However, bookkeeping can be a time-consuming and tedious task, diverting your attention from core business activities. Our professional bookkeeping services are designed to save you time, reduce stress, and ensure that your financial data is always in order.
Bookkeeping Services:
- Setting Up a Chart of Accounts
- Organize your financial accounts based on U.S. GAAP standards to streamline reporting of income, expenses, and liabilities.
- Preparing and Sending Invoices
- Create and send customized invoices to clients while managing payment schedules to ensure timely collection.
- Recording Receipts from Customers
- Record payments and deposits accurately, ensuring compliance with IRS guidelines and easy reconciliation.
- Verifying and Recording Bills from Vendors
- Verify and document vendor bills, aligning them with contracts and processing them for timely payment.
- Payment to Vendors
- Handle vendor payments efficiently while maintaining proper documentation for tax-deductible expenses.
- Processing Payroll and Tax Filings
- Manage U.S. payroll, including federal and state tax withholdings, ensuring compliance with IRS and state labor laws.
- Processing Tax-Related Reports
- Manage sales tax filings, payroll taxes, and other U.S. tax reports based on federal, state, and local regulations.
- Recording Depreciation and Adjusting Entries
- Adjust your financial records with accurate depreciation of assets as required by IRS tax laws.
- Allocating Account Entries
- Accurately allocate expenses and revenues, ensuring financial records align with U.S. tax and accounting practices.
- Value-Added Bookkeeping
- Provide strategic advice to optimize financial practices, such as expense management and tax savings, based on U.S. market conditions.
- Month-End/Year-End Closures
- Ensure all necessary adjustments are made for U.S. tax filings and financial reporting, preparing your books for audit or review.
Accounts Payable:
- Invoice Scanning and Storage
- Invoice Processing and Approval
- Expense Allocation
- Online Payment Authorization
- Payment Execution
- Vendor Inquiry Management
Accounts Receivable:
- Order Management
- Customer Invoicing
- Payment Recording from Customers
- Customer Aging Analysis
- Collections Management
- Cash Forecasting and Reporting
Bank Reconciliations:
- Reconciliation of Bank Statements
- Compare and reconcile the bank book entries with bank statements to ensure accuracy.
- Credit Card Statement Reconciliation
- Verify and reconcile credit card transactions against statement records for consistency.
- Check Sequencing
- Maintain a sequential record of issued checks to track payment status effectively.
- Balance Sheet Reconciliation
- Regularly reconcile balance sheet accounts to ensure financial statements reflect accurate information.
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