Monthly Bookkeeping
Packages Offered: Standard Level, Executive Level or Premier Level
Accounts Payable Management
Enter the invoices received from vendors into the accounting system after verifying their accuracy. Forward invoice overview to Client for approval before scheduling payment. Generate payment via check or ACH. Update account records accordingly. Routine review of payment terms and negotiating discounts with suppliers when available.
Bank Reconciliation
Weekly or bi-weekly matching bank and credit card transactions to corresponding entries in the accounting system (QuickBooks, Xero, etc). Categorize transactions to assist with accuracy and provide ease in history record-keeping. Create General Ledger entries as needed.
Financial Reporting and Review
Collect financial transactions, record and organize data. Perform analysis on the accounts and performance for the reporting period. Prepare reports to show and explain the data in an easy-to-understand way which includes advisory highlights. Meet with Client to go over the report and discuss the highlights of financial goals and challenges during the time period in review while answering any questions or clarification needed. Meeting can be held monthly, quarterly, semi-annually or annually depending on Client’s preference
Accounts Receivable Management
Generate and send invoices to customers. Track any outstanding payments. Follow up and send reminders to customers with overdue balances and those in collections. Receive payments via check or ACH and apply to accounts accordingly. Assist with handling payment discrepancies and billing issues with customers to resolve any disputes.
Payroll Processing
Calculate the pay, deductions and other financial aspects of payroll. Generate pay stubs, Direct Deposit and check processing that follow payroll schedule. Process and file payroll taxes. Process Year-End documents such as W2, W3, 1099. Keep comprehensive reports for each employee as well as the company as a whole. Set up new employees in all appropriate systems.
Year-End Tax Preparation Assistance for CPA
Work with Client’s CPA or other tax professional. Organize and provide the financial records of the year. Communicate and assist the CPA with any questions or additional needs they may have regarding the fiscal year.
Monthly Bookkeeping Packages
Standard Level
Bank Account and Credit Card Reconciliation
Price Starting at $100 per month
Executive Level
All of Standard plus: A/P & A/R Management, Financial Statements given Monthly, Quarterly and/or Annually
Price Starting at $275 per month
Premier Level
All of Executive plus: Payroll Processing, Year-End Tax Prep Assistance for CPA, Financial Review meeting Monthly, Quarterly and/or Semi-Annually
Price Starting at $450 per month
If interested in this service, please schedule a consultation or reach out to go over personalized options for your business.