Accounting & Bookkeeping Services

Accounting is the process of tracking income and expenses. An accountant is responsible for offering strategic financial advice in addition to being aware of the company’s financial situation, but you can learn more about accounting and how it works with this Accounting blog articles here.

Bookkeeping services is the process of keeping records of financial transactions and preparing financial statements, such as balance sheets and income statements. In day-to-day operations, a bookkeeper would make sure employees are filing invoices and expenses correctly and handling payroll with PayStubCreator, read about how to work by <a

  • Purchase order tracking
  • Expense account entries

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    • Sales and Use Tax
    • Customize Reports for which we recommend this free pay stubs template
    • Financial Statements
    • Quarterly and Yearly Reports
    • W-2

href=”https://www.xtechcommerce.com/top-mistakes-to-avoid-when-you-consider-outsourcing-your-restaurant-accounting-needs/”>outsourcing your accounting needs.

In this lesson, we’ll go in-depth on accounting and bookkeeping services so you can make a decision on whether you can handle the tasks yourself or need to hire someone.

Our accounting services include but are not limited to…

      • Payroll
      • Sales and Use Tax
      • Human Resources
      • Benefits
      • Workers Compensation
      • Health Care
      • Notary
      • Consulting
      • Accounting Setup
      • General Accounting
      • Filing
      • Accounts Payable
      • Accounts receivable
      • Bank reconciliations
      • Payroll
      • Timesheets
      • 1099
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Bookkeeping Functions Performed Daily:

      • Record Vendor Invoices
      • Reconcile Vendor Statements
      • Record Vendor, Debit Card Transactions, Pay Pal & EFT Payments
      • Record Purchase Orders (PO) Prepared By Client
      • Process Manual Checks Issued As Needed For Emergencies
      • Record Sales Invoices
      • Email/Mail Customer Invoices And Statements
      • Record Customer Payments
      • Track Customer Under Or Over Payments

Bookkeeping Functions Performed Weekly:

      • Provide Signature Ready Checks And/Or Set Up Online Bill Payments
      • Weekly Accounts Payable Aging Report
      • Weekly Accounts Receivable Aging Report
      • Record Payroll
      • Break Out Payroll/Payroll fees/ Payroll Taxes
      • Employee Activity – Update Employees Records
      • Prepare Spreadsheet For Payroll Processing And Transmit To Your Payroll Company
      • Track Employee Advances

Bookkeeping Functions Performed Monthly:

      • Prepare Bank Account Reconciliation
      • Record Individual Credit Card Purchase Transactions
      • Prepare Credit Card Reconciliation
      • Reconciliation Payroll Plans (Cafeteria, Disability Insurance, HRA, Simple IRA, Vacation)
      • Maintain Vendor W-9 Information
      • Create Collections Process
      • Process Use Tax
      • Prepare Sales Tax Return

Monthly Reporting:

      • Balance Sheet
      • Profit and Loss Statement – Month
      • Profit and Loss Statement – Year-to-Date
      • Cash Flow Statement
      • Accounts Receivable Aging
      • Accounts Payable Aging
      • General Ledger
      • Bank Reconciliation Report
      • Credit Card Reconciliation Report
      • 3 custom QB reports

Additional Services:

      • Monthly or Quarterly Telephone Consultation to Review Financials
      • Budgeting
      • Forecast
      • Sales Tax Reporting
      • Tax Preparation
      • Tax Planning
      • Estimated Tax Payments
      • Virtual File Room
      • Financial Dashboard