Accounting Services

Routine Accounting

We have accountants on board. We can work with you and support you with complicated accounting situations. These are defined as the accounting functions we perform:

Accounting Periods - Closing Processes

  • Coordinate and document functions and issues related to period-end closing process.
  • Analyze and confirm all balance sheet items tie to external statements and reports.
  • Direct the preparation of monthly, quarterly, and year-end financial statements.
  • Company Assets - Depreciation and Amortization

  • Create and maintain fixed asset registers.
  • Calculate book-based depreciation.
  • Journalize depreciation expense and accumulated depreciation.
  • Journalize amortization expense and accumulated amortization.
  • Journalize adjusting entries for tax-based depreciation and amortization as required.
  • Inventory Accounting
  • Track inventory in and out
  • Maintain inventory ledger balances
  • Adjust inventory as needed
  • Perform physical inventory (special contract required)
  • Financial Reports - Full Analysis

  • Prepare requested information / analyses for business owners as requested.
  • Perform account analyses as requested.
  • Accounting Duties - Journal Entries

  • Establish accounting policies and procedures and document for approval.
  • Ensure integrity of financial controls.
  • Supervise accounts payable, accounts receivable, and payroll processing
  • Produce, review, and approve journal entries.
  • Perform routine general ledger account reconciliation.
  • Maintain current and accurate balance sheet balances.
  • Respond to data requests from tax accountants.
  • Respond to and prepare information as requested by auditors.
  • Special accounting-related projects as requested.
  • Business Taxes - Sales, Excise, Business and Occupation

  • Maintain knowledge of sales and use taxes.
  • Prepare and file state and local sales and use tax returns.
  • Maintain and file local and state business licenses.
  • Payroll Management

  • Supervise and review payroll activities.
  • Review payroll journal entries and taxes payable balances in general ledger.
  • Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments.
  • Manage relationships with garnishment, workers compensation and third-party administrators.
  • Process and submit garnishment payments.
  • Prepare, file, and produce payment for all Federal, State, and local payroll taxes as necessary.
  • Analyze and prepare employee payroll deductions for health, retirement, and others as needed.
  • Transfer amounts of payroll deductions to retirement systems, tax authorities, insurance carriers and others as required.
  • Prepare employee earnings statements complete with current pay period and year-to-date wages, taxes, and adjustments.
  • Produce annual W-2 forms.
  • Cash Flow Control

  • Monitor cash balances.
  • Oversee bank and cash reconciliation to general checking account.
  • Resolve banking issues.
  • Track lines of credit and loan balances.