Bookkeeping - The Details

General Ledger Entry

Take information that we are given and input into QuickBooks

Sales Tax Reporting

Taking information from an existing program and then inputting that into the corresponding state agency sales tax reporting software. Then initiating a payment to that agency.

Sending of Financial Statements

After all the entries have been made for a reporting period (monthly, quarterly, annual, or seasonally) a Profit/Loss statement, Balance statement, and Cash Flow statement will be sent.

Applying for Sales Tax Numbers

Go to State taxing agencies and filling out necessary forms to apply for State sales tax numbers. This will allow a company to file and pay Sales tax. In some states it is also a sales tax exemption. (Your company will not pay sales tax on the items you resale.) In some states there are two separate filings one for filing and one for an exemption.

Certificates (if applicable)

Sales tax exempt certificate in some states are different from Sales Tax number for reporting.

Accounts Payable

Pay Vendors for services or items, we will keep track of the receipts/invoices if we pay on your behalf. If you pay you can send us the receipts and we will keep a digital copy for you.

Accounts Receivables

Create invoices for your customers and check on past due invoices based off your requirements.

Depreciation Calculations

When you buy a capital asset (office furniture, computers, equipment used to produce your product) we will create a depreciation schedule for your books, and your tax books.

Monthly Accounting Services

We will pull information from your different software products to input the data into your books. Then depending on what you need/want from that information we can put the data into QuickBooks to help you make decisions for your company.

Account Reconciliations

This description most commonly applies to reconciling a Bank account. However, if you have a need of a specific account such as payable, receivable, revenue, or cost account we can do that as well.

Accounting System Setup

If you do not already have a QuickBooks set up, then we can do that for you. If you need updates or would like certain revenues broken apart, we can make those changes as well to help you make better decisions for your business.

State Franchise Taxes

If the state has a franchise tax we can file and remit payment. Requirements vary by state.

New Business Start Up Package

File for new EIN, Secretary of State, Articles of Incorporation. The Operating agreement is Excluded.

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