ACCOUNTING

Bookkeeping

  • Daily Transaction Recording: Record daily financial transactions including sales, purchases, receipts, and payments.

  • Ledger Maintenance: Maintain general ledger and subsidiary ledgers.

  • Expense Tracking: Track and categorize business expenses.

  • Accounts Reconciliation: Reconcile accounts to ensure accuracy.

  • Bookkeeping Software Setup: Set up and manage bookkeeping software systems.

Financial Statement Preparation

  • Balance Sheets: Prepare balance sheets to show the company’s financial position at a specific point in time.

  • Income Statements: Prepare income statements to report on the company’s profitability over a period.

  • Cash Flow Statements: Prepare cash flow statements to show the cash inflows and outflows.

  • Statement of Changes in Equity: Prepare statements showing changes in the company's equity.

Accounts Payable and Receivable Management

  • Invoice Processing: Process and manage supplier invoices.

  • Payment Scheduling: Schedule and execute payments to suppliers.

  • Customer Invoicing: Issue invoices to customers and manage collections.

  • Aging Reports: Generate aging reports to track outstanding receivables and payables.

Bank Reconciliation

  • Statement Comparison: Compare bank statements with the company’s financial records.

  • Discrepancy Resolution: Identify and resolve discrepancies between bank statements and company records.

  • Reconciliation Reports: Prepare bank reconciliation reports.

Payroll Processing

  • Payroll Calculation: Calculate employee wages, salaries, bonuses, and deductions.

  • Tax Withholding: Calculate and withhold appropriate taxes from employee paychecks.

  • Direct Deposit: Facilitate direct deposit of payroll funds into employee accounts.

  • Payroll Tax Filing: Prepare and file payroll tax returns.

Budgeting and Forecasting

  • Budget Development: Develop annual and quarterly budgets.

  • Financial Forecasting: Prepare financial forecasts and projections.

  • Variance Analysis: Analyze variances between actual results and budgets/forecasts.

  • Scenario Planning: Perform scenario analysis to assess potential financial outcomes.

Tax Preparation and Planning

  • Tax Return Preparation: Prepare and file federal, state, and local tax returns.

  • Tax Compliance: Ensure compliance with tax regulations.

  • Tax Planning: Provide strategies to minimize tax liabilities.

  • Tax Advisory: Offer advice on tax implications of business decisions.

Audit Support

  • Pre-Audit Preparation: Assist in gathering documents and preparing for audits.

  • Audit Liaison: Act as a point of contact between the business and auditors.

  • Internal Audit Support: Provide support for internal audits.

  • Audit Response: Help respond to audit findings and recommendations.

Financial Analysis and Reporting

  • Financial Data Analysis: Analyze financial data to identify trends and insights.

  • Management Reports: Prepare reports for management, including financial performance and KPIs.

  • Performance Metrics: Track and report on key performance indicators (KPIs).

  • Cost Analysis: Analyze costs to identify savings opportunities.

Compliance and Regulatory Reporting

  • Regulatory Filings: Prepare and submit required regulatory filings.

  • Compliance Checks: Conduct compliance checks to ensure adherence to financial regulations.

  • Internal Controls: Develop and monitor internal controls to prevent fraud and ensure accuracy.

  • Sustainability Reporting: Prepare reports on corporate sustainability and environmental impact.