Outsourced Bookkeeping Services

– Recording financial transactions
– Categorizing expenses and revenues
– Maintaining the general ledger
– Reconciling bank statements
– Recording depreciation and amortization expenses
– Reconciling accounts receivable and accounts payable sub-ledgers
– Managing petty cash and expense reports
– Preparing trial balances at the end of accounting periods

– Invoice processing
– Vendor management
– Payment processing
– Expense tracking
– Managing accounts payable aging
– Verifying and authorizing vendor invoices
– Negotiating payment terms with vendors
– Conducting regular vendor statement reconciliations
– Handling vendor inquiries and disputes

– Invoicing clients
– Following up on overdue payments
– Reconciling customer accounts
– Managing accounts receivable aging
– Managing credit and collections policies
– Monitoring customer credit limits
– Handling customer inquiries regarding invoices
– Assessing and reporting on bad debt reserves

– Calculating employee salaries
– Deducting taxes and other withholdings
– Processing employee benefits
– Preparing payroll reports
– Ensuring payroll tax compliance
– Managing employee time and attendance records
– Administering employee benefits programs
– Preparing and filing payroll tax forms (e.g., W-2s, 1099s)
– Assisting with compliance related to overtime, minimum wage, and labor laws

– Matching bank transactions with records
– Identifying discrepancies
– Investigating and correcting errors
– Maintaining an accurate bank balance
– Analyzing and reporting on cash flow trends
– Investigating and reconciling electronic fund transfers (EFTs)
– Identifying and resolving outstanding checks
– Reviewing and reconciling credit card transactions

– Preparing income statements (profit and loss statements)
– Creating balance sheets
– Generating cash flow statements
– Analyzing financial data
– Providing financial summaries
– Creating financial forecasts and projections
– Preparing variance analysis reports
– Generating custom financial dashboards
– Conducting trend and ratio analysis

– Monitoring business expenses
– Categorizing and coding expenses
– Reconciling expense reports
– Analyzing spending patterns
– Generating expense reports
– Managing expense reimbursement processes
– Implementing cost control measures
– Reviewing expense policies and compliance
– Conducting periodic expense audits