Our accounting service includes everything from collecting and recording data from your company source documents to producing reports that provide accurate and up-to-date information about all financial activities related to your business. We will record sales and purchases, customer invoices, vendor bills, payments on these accounts and all other disbursements. In addition, we will record all necessarily adjusting entries, depreciations, loan payments, etc. We will also calculate, record and remit required business taxes (see Business Taxes section bellow).

Correctness of the entries will be confirmed by monthly bank reconciliations.This process compares the balance in a bank statement with the corresponding accounts in Quickbooks. Bank reconciliation detects unrecorded payments and deposits, unauthorized transactions, the possible misuse of funds.

Our firm offers payroll services. We will calculate your employees’ paychecks net of payroll taxes and other deductions, calculate and remit payroll taxes, and compile and submit payroll reports. Often it is more economical and efficient to use third party payroll providers. In this case, we will make all the necessary entries to record payroll timely and properly  from the  payroll reports supplied by a third party provider. In either case, we will make sure that payroll related transaction are entered correctly and  include complete recording of gross wages, payroll liabilities, employer share of payroll taxes and other payroll-related transactions.

Accounting can be done by our personnel on computers that belong to our firm using a copy of Quickbooks owned by us. We will provide the owners periodic reports from an agreed upon list. At your request, we will provide a copy of your company file created in Quickbooks with all updated entries. Please note that in order to be able to open this file, you need to own a copy of Quickbooks.

If you prefer, the processing of source documents and entering transactions can be done by your personnel. At predetermined intervals, we will check your entries, conduct bank reconciliation, make the necessary corrections and prepare the reports. To ensure correctness of the records, we will carry out procedures described in Quickbooks Cleanup. If necessary, we will prepare written instructions for recording certain transactions and provide Quickbooks training to the owners or their employees.