Accounting System Setup
We can assist you or completely set up your entire accounting system. We can build you a great Chart of Accounts that easily enables you to understand your financial statements.
Financial Statements
We’ll prepare your monthly, quarterly & year-end statements so you always know the financial health of your business. Your financials will be clean and tightened up so you’ll always have them available for business loans and/or for your investors.
Quickboooks Cleanup
Is your QuickBooks file disorganized or your Financial Statements difficult to read? Are there bank or credit card accounts un-reconciled? We’ll fix that right away and keep it consistently updated
Managing Accounts Receivables
We know the difficulties managing Accounts Receivables can be and often, business owners push it onto the back burner. Let’s discuss ways to make this easier and quicker to get paid by your Customers:
Details:
- Request an upfront payment or deposit (better for large projects)
- Invoice your Customer as quickly as possible
- Set up a regular payment schedule by invoicing on the same days each month (1st, 15th)
- Discuss clear payment terms upfront; Pay in 15, 20, 25 or 30 days
- Provide a small discount for early payments
- Review A/R reports weekly to stay on top of balances due
- Set up flexible payment options for your Customers. We can offer payment by check, credit card, online payment system or direct deposit
Managing Account Payables
We’ll effectively monitor practices to ensure that payments are made to vendors in a timely fashion and that there aren’t any accidental overpayments. We’ll keep your credit cards reconciled to their statements without any missed payments, which can cause penalties and fees. We’ll make sure your vendors, independent contractors, and creditors will get paid on time.
Banking
We’ll keep your online bank accounts updated and reconciled regularly. This will help to avoid overdraft fees, fraudulent charges or incorrectly recorded transactions. No more missing or unknown transactions that can keep you researching for hours.
Filings
There are many document filings that have to be done in a timely fashion. We can discuss all of the forms to file, set up a calendar with reminders so you’ll never miss important deadlines.
Details:
- Form 1099 for Contractors
- Payroll Expense Tax and Gross Receipts Tax
- Business Property Statement
- Commuter Benefits Ordinance Annual Compliance Form
- Health Care Security Ordinance Annual Reporting Form
- Annual Business License/Registration Renewal
Payroll
We can discuss options for running your payroll if you have employees. We can set it up through Quickbooks and handle it in-house or get bids for outside payroll services like Paychex and ADP. Either way, we’ll make sure your employees are paid on-time along with payroll taxes and Quarterly/Annual returns.