“Our comprehensive bookkeeping solutions provide you with clear insights into your financial health, enabling informed decisions and sustainable growth.”
Detailed Responsibilities
Transaction Management:
- Recording Transactions: Accurate entry of all financial transactions into the appropriate accounts and ledgers.
- Accounts Payable and Receivable: Managing invoices, ensuring timely payments are made and received, and maintaining accurate records of all transactions.
- Expense Tracking: Monitoring and categorizing business expenses to optimize financial planning and tax deductions.
Financial Reporting:
- Balance Sheets: Preparing balance sheets that provide a snapshot of your business’s financial standing at any given point in time.
- Income Statements: Generating detailed income statements (profit and loss accounts) that highlight revenue, expenses, and profit over a specific period.
- Cash Flow Statements: Creating cash flow statements to track the inflow and outflow of cash, helping you manage your liquidity effectively.
Bank and Credit Card Reconciliation:
- Reconciling Bank Statements: Ensuring that your internal financial records match up with bank statements, identifying discrepancies, and making necessary adjustments.
- Credit Card Management: Tracking and reconciling credit card transactions to prevent fraud and ensure accuracy in reporting.
Payroll Administration:
- Payroll Processing: Calculating pay and deductions, issuing payments to employees, and managing payroll taxes.
- Employee Records: Maintaining comprehensive employee financial records, including salaries, bonuses, deductions, and tax withholdings.
Tax Preparation and Filing:
- Tax Documents: Assisting in the preparation of tax returns and ensuring accurate reporting of income and expenses to comply with local, state, and federal tax regulations.
- Tax Planning and Advice: Providing guidance on tax planning strategies to maximize deductions and minimize liabilities.
Financial Analysis and Advisory:
- Budgeting and Forecasting: Assisting with budget preparation and financial forecasting, providing insights into future financial planning.
- Financial Health Assessments: Offering regular reviews of financial data to assess the health of your business and identify areas for improvement.
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