Our bookkeeping responsibilities typically cover the full range of day-to-day financial recordkeeping tasks for a business.
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- Recording Transactions
- Entering sales, purchases, receipts, and payments into accounting software.
- Categorizing expenses and income properly.
- Bank & Credit Card Reconciliation
- Matching transactions in the books with bank/credit card statements.
- Identifying discrepancies, errors, or missing entries
- Accounts Payable (AP) Management
- Recording vendor bills.
- Preparing and scheduling payments.
- Tracking outstanding liabilities.
- Accounts Receivable (AR) Management
- Creating and sending invoices to customers.
- Tracking customer payments and outstanding balances.
- Following up on overdue invoices.
- Payroll Processing Support
- Recording payroll expenses.
- Coordinating with payroll providers (sometimes full payroll services are outsourced separately).
- Ensuring payroll liabilities (taxes, benefits) are recorded accurately.
- Expense & Receipt Management
- Digitizing receipts and ensuring proper documentation.
- Categorizing expenses for tax and reporting compliance.
- Month-End & Year-End Close
- Reconciling all accounts.
- Preparing financial statements (balance sheet, income statement, cash flow).
- Making necessary adjusting journal entries.
- Compliance Support
- Preparing records for tax filing.
- Assisting accountants or CPAs with necessary documentation.
Additional
- Cash flow tracking and forecasting.
- Budget vs. actual reporting.
- Custom management reports.