Services Offered
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 organization on detailed aged payables and cash requirements
- Year end 1099 forms
Accounts Receivable
- Billings prepared as needed and mailed out (all billings provided to Client for approval prior to mailing)
- Record and account for revenue
- Input receivable transactions into the accounting system
- Prepare and deliver periodic statements
- Issue client-approved credit memos and refund checks
- Maintain subsidiary receivables ledger
- Process client-approved adjustments
- Apply cash received to customer accounts and resolve “short pays”
Cash management
- Process daily sales and deposit reports
- Verify daily deposits and report variances
- Reconcile and verify credit card deposits
- Reconcile monthly bank statements
Journal entry and general ledger
Account reconciliations
Payroll
Monthly Closing
Fixed assets accounting & depreciation
Monthly financial analysis and reports
Yearly Business Assessments