OUR COMPREHENSIVE BOOKKEEPING AND E-ACCOUNING SYSTEM You can choose some or all of the following services: ACCOUNTS PAYABLE Input vendor bills (Invoices) Classify expenses to the correct account Maintain vendor histories Manage vendor inquiries about payment status Maintain copies of vendor payments Preparation of applicable Form 1099 Issue checks to vendors based on due dates or client instruction Reporting on detailed aged payables and cash requirements ACCOUNTS RECEIVABLES Invoicing as needed from client work Orders Categorize receivable transactions into the accounting system Issue client approved credit memos and refund checks Maintain subsidiary receivable ledger Record payments received through checks, credit cards and cash to customer accounts. Periodic reporting on customer ageing and open invoices. FINANCIAL RECONCILIATION Reconcile and verify credit card deposits. Reconcile monthly Checking/Bank Statements Record and Reconcile credit card statements DEPRECIATION Record and calculate depreciation and amortization. Maintain, classify, capitalize and record fixed asset items and capital expenditure Maintain depreciation schedules in accordance with Internal Revenue Service guidelines. FINANCIAL REPORTING Profit and Loss (Statement of Income and Expenses) and Balance Sheet (Statement of Assets and Liabilities) each month end. Periodic accounts payable and accounts receivable aging reports. PAYROLL You upload time records in each pay period. We complete the payroll so that you can easily print, sign and distribute paychecks Prepare timely and accurate notifications of tax liabilities and deposits. Complete year end W-2 forms Process and submit garnishment payments Prepare, file and pay all Federal, State and Local payroll taxes. Record payroll expenses