What's included

• All services related to accounting and bookkeeping

  1. Recording Financial Transactions: Accurate and timely recording of all financial transactions (income, expenses, purchases, sales, etc.) in the appropriate accounts, ensuring proper classification and adherence to accounting standards. Bank and credit card reconciliation: Regularly reconciling bank and credit card statements with accounting records to identify and resolve discrepancies. Maintaining General Ledger: Updating and maintaining the general ledger, which is the central repository of all financial transactions. 2. Accounts Payable and Receivable Management: Processing invoices: Accurately recording and processing invoices from suppliers and to customers. Managing payments: Tracking and ensuring timely payment of bills and collection of receivables. Aging reports: Preparing reports that show the status of outstanding invoices and bills to help manage cash flow. 3. Payroll Processing: Calculating payroll: Accurately calculating employee wages, including deductions for taxes, benefits, and other withholdings. Preparing payroll tax returns: Filing payroll tax returns with the appropriate government agencies on time. Generating payroll reports: Providing detailed reports on payroll expenses, taxes, and deductions. 4. Financial Reporting: Preparing financial statements: Generating accurate and timely financial statements, including the balance sheet, income statement, and cash flow statement, in accordance with accounting standards. Management reports: Creating customized reports to provide insights into specific aspects of the business's financial performance, such as sales by product or region, or expenses by category. Budgeting and forecasting: Helping businesses develop budgets and forecasts to plan for future financial needs. Financial analysis: Providing insights and analysis of financial data to help businesses make informed decisions. Software setup and training: Assisting businesses with selecting and implementing accounting software, and providing training on how to use it effectively. It's important to note that the specific deliverables will vary depending on the size and complexity of the business, as well as the specific needs and preferences of the client. However, the above list provides a general overview of the types of deliverables that can be expected from accounting and bookkeeping services.