Suite of Accounting and Financial Services
Our team of seasoned accountants, under the supervision of highly qualified and experienced professionals, provide a wide range of accounting services and relieves you from worrying about your company's financial management.
We use industry standard and the most reliable and widely used cloud based software for small businesses (QuickBooks Online and Xero) to provide you a professional accounting services. Even though you'll be fully satisfied and will have no reason to move but if you ever decided to move, with the industry standard software we use, switching takes a few minutes and your new accountant can have a full control on all your historical data.
We save you a lot of time by connecting our cloud based software securely to your bank, credit card and PayPal accounts for the live feed. We do reconciliation and categorize your transactions in real time. Our software help you create professional invoices and enable you to receive payments online directly transferred to your bank. With our monthly and yearly reports, you get a clear and accurate snap shot of your business finances that help you in your decision making.
With the mobile apps, reviewing real time business position and various accounting reports, as well as adding pictures of your receipts, are at your finger tips.
Below is a list of services we offer to our valuable clients.
List of Services
Accounting & Bookkeeping:
• Recording day to day financial transactions.
• Classification of transaction to the correct account category.
• Attachment of receipts.
• Monthly income statement.
• Monthly balance sheet.
• Annual income statement.
• Annual balance sheet.
(does not include audit, review or compilation reports).
Payroll:
• Calculation of payroll.
• Deduction of federal and local taxes.
• Filing of quarterly reports.
• Filing of annual reports.
• Providing paystubs for each payroll.
• Providing annual W2s.
Capital Asset Accounting:
• Capitalization policy.
• Monitoring purchases to track capitalization.
• Maintenance of depreciation schedule.
Owners' Capital Account Management:
• Tracking and recording partners contributions.
• Tracking and recording partners distributions.
• Maintaining partners’ capital accounts.
• Maintaining partners tax basis in the business.
Long Term Debt Accounting:
• Tracking of principal balance for a long term debt.
• Maintenance of amortization schedule.
• Calculating accrued interest.
• Recording of interest and principal payments.
Invoicing Services:
• Creation of invoice based on the provided data.
• Emailing invoices to the respective vendors.
AR (Accounts Receivable) Management:
• Track of receivables.
• Reminders for overdue invoices.
• Monthly aging reports.
AP (Accounts Payable) Management:
• Track of bills.
• Recording of expenses in the accounting system.
• Payment of bills when they become due.
Inventory Management:
• Track of inventory item balance.
• Cost tracking using FIFO or LIFO system.
• Low stock reports.
Tax Planning:
• Reviewing transactions and monthly financial statements for identifying potential tax saving areas.
• Bi-weekly meetings to discuss tax planning strategies.
Tax Return Preparation:
prices varies by type of tax return
• Preparation of tax returns.
• Maintenance of tax worksheets and schedules.
Audit Support:
prices varies - only available to regular bookkeeping clients
• Coordination with the auditors.
• Providing financial information to the auditors .
• Providing sample support to the auditors.
(We are currently not providing Cash Flow Management and Budgeting Services at this point)