Bookkeeping Service

AA full-charge bookkeeper handles all your daily accounting needs: invoices and statements, accounts payable, cash receipts and disbursements, payroll, bank reconciliations and recurring reports. Your bookkeeper will be in contact with you daily by Instant Messenger, email or phone with any questions or concerns.

Accounts Receivable

Get your invoices out promptly and send statements on the date of your choice.

Whether we prepare your invoices for you or you generate them yourself, your AA bookkeeper can print and mail or email customer invoices and statements on your behalf.

Accounts Receivable reports for collection and cash flow management are prepared and delivered to you on a schedule of your choice.

Accounts Payable

Invoices you receive from vendors will need to be paid on time. On a schedule determined by you, AA bookkeeper will print for you a report of all open vendor invoices. Just indicate which invoices you want paid. The printed checks are signed and mailed from your office. You maintain full control over your funds.

Cash Receipts

Prior to taking deposits to the bank, we create deposit slip and list each of the items to be deposited. Your AA bookkeeper will post the customer payments against the appropriate customer invoices, record the bank deposit, and go to the bank for you.

Payroll Services

Your AA bookkeeper either processes payroll or makes the necessary entries to record payroll processed. In either case, payroll entries will include complete recording of gross wages, employer taxes, other payroll expenses, payroll liabilities, quarterly and annual reconciliation of general ledger balances to payroll returns. If needed, AA bookkeeper can also initiate transfers from your operating bank account to your payroll bank account to cover payroll, if these accounts are held by the same bank. We do recommend direct deposit of employee paychecks whenever possible.

Banking Activities

AA bookkeeper will have access to view and download transaction history and bank statements, and, if desired, to transfer funds between business accounts at your bank under your instruction. Bank account activity is updated every week in your accounting file, so that you always know your available cash balance. Transactions that appear in your bank account that AA bookkeeper has no knowledge of will be posted, but the bookkeeper will inform you of these transactions and request supporting information. Bank account balance notifications and cash receipts and disbursement reports can be generated for you daily, weekly, or monthly as desired.

Banking, credit card, and loan accounts are reconciled to the corresponding statements each month, and the reconciliation reports are emailed to you promptly. When emailing the reconciliation report, the bookkeeper will call your attention to old outstanding items that require resolution and will also provide a list of any missing check numbers for security and control purposes.

Business Filings

AA bookkeeper will prepare required business returns such as sales tax, business license tax, personal property tax, and various industry specific tax filings. AA bookkeeper will generate the completed tax forms to you for signature and mailing.

Bank Reconciliation

Reconciling your business checking account each month allow us to keep your bank account, accounting, and taxes up-to-date.

Having us reconcile your account each month allows you to...

Identify lost checks, lost deposits and unauthorized wire transactions.
Detect and prevent excess/unjustified bank charges and ensures transactions are posted correctly by your bank.
Detect and prevent embezzlement of funds from within your company.
Know how your business is doing? You can't really know unless all accounts are reconciled and properly accounted for on your financial statement.
Manage your cash more effectively. Proper management of funds not only saves money, it makes money for you.
Protect yourself. By timely reconciling and promptly objecting to your bank about any unauthorized, fraudulent or forged checks presented to your bank and paid by that bank, you can relieve your agency of responsibility for the shortfall and transfer the risk to the bank. This reason to reconcile alone should be enough. Crime exists.

Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to...

Track revenues and expenses so that you can determine the operating performance of your business.
Determine what areas of your business are over-budget or under-budget.
Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
Determine your income tax liability.

Balance Sheet: A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. A balance sheet helps you...

Quickly get a handle on the financial strength and capabilities of your business.
Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively.
Determine if your business is in a position to expand.
Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses?
Determine if you need to take immediate steps to bolster cash reserves?
Determine if your business has been slowing down payables to forestall an inevitable cash shortage?

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Maintaining a Clean General Ledger

The general ledger is the core of your company's financial records. These records constitute the central "books" of your system. Since every transaction flows through the general ledger, a problem with your general ledger throws off all your books.

Having us review your general ledger system each month allows us to hunt down any discrepancies, such as double billings or any unrecorded payments. Then we'll fix the discrepancies, so your books are always accurate and kept in tip top shape.